v3.25.2
CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Change in Carrying Amount of Contract Assets and Contract Liabilities
The change in the carrying amount of contract assets and contract liabilities for the six months ended June 30, 2025 and 2024 is as follows:
Contract Assets
In millions20252024
Balance at beginning of year$720 $678 
Recognized in current year375 382 
Reclassified to accounts receivable(368)(353)
Foreign currency impact22 (8)
Balance at June 30
$749 $699 
Contract Liabilities
In millions20252024
Balance at beginning of year$1,173 $1,082 
Recognized in current year732 734 
Amounts in beginning balance reclassified to revenue(340)(388)
Current year amounts reclassified to revenue(377)(359)
Foreign currency impact36 (20)
Balance at June 30$1,224 $1,049