Long-Term Contracted Revenue

9 Months Ended

Sep. 30, 2019

Long-term contracted revenue consists of revenue from future minimum lease revenue accounted in accordance with ASC 842, Leases, and estimated revenue to be recognized in the future related to performance conditions that are unsatisfied or partially unsatisfied accounted in accordance with ASC 606, Revenue. The recognition pattern for contracts that are considered leases is generally consistent with the recognition pattern that would apply if such contracts were not accounted for as leases and were instead accounted for under ASC Topic 606. Accordingly, the Company has combined the required lessor disclosures for future lease income with the disclosures for contracted revenue in the table below. The following long-term contracted revenue were in existence at September 30, 2019 ($ in millions):



	Lease Revenue (ASC 842)		Contract Revenue (ASC 606)		Total Long-Term Revenue
2019 remaining	$	81	$	23	$	104
2020	219		53		272
2021	123		33		156
2022	75		28		103
2023	49		20		69
Thereafter	111		18		129
Total	$	658	$	175	$	833

The above table does not include the future minimum lease revenue from the renewable businesses within the MIC Hawaii reportable segment. The payments from these leases are considered variable as they are based on the output of the underlying assets (i.e. energy generated).