XML 49 R42.htm IDEA: XBRL DOCUMENT v3.21.2

Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Schedule of contract assets and contract liabilities from contracts with customers

The following table provides information about receivables and contract liabilities from our contracts with customers:

(In $ millions)						As at June 30, 2021						As at December 31, 2020
Accounts receivable, net						122						125
Current contract liabilities (deferred revenue) (1)						(24)						(18)
Non-current contract liabilities (deferred revenue) (2)						(7)						(13)

(1)  Current contract liabilities balances are included in “Other current liabilities” in our Consolidated Balance Sheet.

(2) Non-current contract liabilities balances are included in “Other non-current liabilities” in our Consolidated Balance Sheet.

Significant changes in the contract assets and the contract liabilities balances during the six months ended June 30, 2020 are as follows:

(In $ millions)						Contract Assets						Contract Liabilities						Net Contract Balances
Net contract liability at January 1, 2020						—						(29)						(29)
Amortization of revenue that was included in the beginning contract liability balance						—						15						15
Cash received, excluding amounts recognized as revenue						—						(19)						(19)
Net contract liability at June 30, 2020						—						(33)						(33)

Significant changes in the contract assets and the contract liabilities balances during the six months ended June 30, 2021 are as follows:

(In $ millions)						Contract Assets						Contract Liabilities						Net Contract Balances
Net contract liability at January 1, 2021						—						(31)						(31)
Amortization of revenue that was included in the beginning contract liability balance						—						10						10
Cash received, excluding amounts recognized as revenue						—						(10)						(10)
Net contract liability at June 30, 2021						—						(31)						(31)

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration