REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2022

Disaggregation of Revenue [Line Items]

Schedule of disaggregated revenue

	Three Months Ended				Six Months Ended
(In millions)	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Major revenue types
Admissions	$	651.0	$	233.0	$	1,094.8	$	302.5
Food and beverage		396.7		161.5		649.2		211.6
Other theatre:
Screen advertising		32.3		19.7		61.2		36.6
Other		86.4		30.5		146.9		42.3
Other theatre		118.7		50.2		208.1		78.9
Total revenues	$	1,166.4	$	444.7	$	1,952.1	$	593.0

	Three Months Ended				Six Months Ended
(In millions)	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Timing of revenue recognition
Products and services transferred at a point in time	$	1,082.7	$	414.1	$	1,790.8	$	540.9
Products and services transferred over time(1)		83.7		30.6		161.3		52.1
Total revenues	$	1,166.4	$	444.7	$	1,952.1	$	593.0

(1) Amounts primarily include subscription and advertising revenues.

Schedule of receivables and deferred revenue income

(In millions)	June 30, 2022		December 31, 2021
Current assets
Receivables related to contracts with customers	$	53.9	$	85.4
Miscellaneous receivables		66.8		83.1
Receivables, net	$	120.7	$	168.5

(In millions)	June 30, 2022		December 31, 2021
Current liabilities
Deferred revenue related to contracts with customers	$	370.1	$	405.1
Miscellaneous deferred income		3.0		3.5
Deferred revenue and income	$	373.1	$	408.6

Customers included in deferred revenues and income

Disaggregation of Revenue [Line Items]

Schedule of changes in contract liabilities

	Deferred Revenues
	Related to Contracts
(In millions)	with Customers
Balance December 31, 2021	$	405.1
Cash received in advance(1)		139.8
Customer loyalty rewards accumulated, net of expirations:
Admission revenues (2)		7.7
Food and beverage (2)		9.3
Other theatre (2)		0.1
Reclassification to revenue as the result of performance obligations satisfied:
Admission revenues (3)		(118.0)
Food and beverage (3)		(29.7)
Other theatre (4)		(40.8)
Foreign currency translation adjustment		(3.4)
Balance June 30, 2022	$	370.1

(1) Includes movie tickets, food and beverage, gift cards, exchange tickets, and AMC Stubs® loyalty membership fees.

(2) Amount of rewards accumulated, net of expirations, that are attributed to AMC Stubs® and other loyalty programs.

(3) Amount of rewards redeemed that are attributed to gift cards, exchange tickets, movie tickets, AMC Stubs® loyalty programs and other loyalty programs.

(4) Amounts relate to income from non-redeemed or partially redeemed gift cards, non-redeemed exchange tickets, AMC Stubs® loyalty membership fees and other loyalty programs.

Exhibitor services agreement

Disaggregation of Revenue [Line Items]

Schedule of changes in contract liabilities

	Exhibitor Services
(In millions)	Agreement (1)
Balance December 31, 2021	$	510.4
Common Unit Adjustment–additions of common units		15.0
Reclassification of portion of the beginning balance to other theatre revenue, as the result of performance obligations satisfied		(9.6)
Balance June 30, 2022	$	515.8

(1) Represents the carrying amount of the National CineMedia, LLC (“NCM”) common units that were previously received under the annual Common Unit Adjustment (“CUA”). The deferred revenues are being amortized to other theatre revenues over the remainder of the 30-year term of the Exhibitor Service Agreement (“ESA”) ending in February 2037.