v3.26.3
CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)
9 Months Ended
Sep. 30, 2026
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 nine months ended September 30, 2026 and 2025 is as follows:
Contract Assets
In millions20262025
Balance at beginning of year$609 $720 
Recognized in current year610 604 
Reclassified to accounts receivable(591)(617)
Acquisitions/adjustments1 — 
Foreign currency impact(3)20 
Balance at September 30
$626 $727 
Contract Liabilities
In millions20262025
Balance at beginning of year$1,356 $1,173 
Recognized in current year977 1,180 
Amounts in beginning balance reclassified to revenue(729)(467)
Current year amounts reclassified to revenue(435)(709)
Acquisitions19 — 
Foreign currency impact(5)36 
Balance at September 30$1,183 $1,213