XML 33 R22.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Revenue
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The Company recognized revenue as follows:
Three Months Ended
March 31,
20242023
Revenue recognized over time$1,571 $1,664 
Revenue recognized at a point in time1,213 1,310 
Total revenue$2,784 $2,974 

See Note R 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 $14 and $8 as of March 31, 2024 and December 31, 2023, respectively, included in prepaid and other current assets. During the three months ended March 31, 2024, the Company satisfied performance obligations related to contract assets at December 31, 2023 and also recorded new contract assets primarily related to work in process for the equipment business.