Revenue

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

For the years ended December 31, 2021, 2020 and 2019, the Company recognized revenue as follows:

	2021		2020		2019
Revenue recognized over time	$	6,097	$	5,032	$	4,778
Revenue recognized at a point in time	5,297		4,360		4,781
Total	$	11,394	$	9,392	$	9,559

See Note Y for further disaggregation of the Company's revenue.

The Company has applied the practical expedient to exclude disclosure of remaining performance obligations as its binding orders typically have a term of one year or less.

Contract assets are typically recognized for work in process related to the Company's three-piece printed products and equipment business. Contract assets and liabilities are reported in a net position on a contract-by-contract basis. The Company had net contract assets of $23 and $20 as of December 31, 2021 and 2020 included in prepaid and other current assets. For the year ended December 31, 2021, the Company satisfied performance obligations related to contract assets at December 31, 2020

related to the Company's equipment business and also recorded new contract assets primarily related to work in process for the equipment business.