Long-Term Contracted Revenue

12 Months Ended

Dec. 31, 2019

Long-term contracted revenue consists of revenue from future minimum lease revenue accounted for 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 for in accordance with ASC 606, Revenue from Contracts with Customers. 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 December 31, 2019 ($ in millions):



	Lease Revenue (ASC 842)		Contract Revenue (ASC 606)		Total Long-Term Revenue
2020	$	285	$	64	$	349
2021	155		35		190
2022	98		29		127
2023	66		22		88
2024	25		8		33
Thereafter	90		18		108
Total	$	719	$	176	$	895

The above table does not include the future minimum rental revenue from the renewable business 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).