Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2022

Revenue Recognition [Abstract]

Summary of Revenue Disaggregated by Major Product Offerings and Timing of Revenue Recognition

The table below sets forth the Company’s revenue disaggregated by major product offerings and timing of revenue recognition for the three months ended March 31, 2022 and 2021.

(IN MILLIONS)  (UNAUDITED)	2022		2021
Measurement	$	645	$	632
Impact/Content		232		231
Total	$	877	$	863
Timing of revenue recognition
Products transferred at a point in time	$	93	$	83
Products and services transferred over time		784		780
Total	$	877	$	863

Summary of Contract Assets and Contract Liabilities from Contracts with Customers

The table below sets forth the Company’s contract assets and contract liabilities from contracts with customers.

(IN MILLIONS)
Contract assets
Balance December 31, 2021	$	97
Revenue recognized that was not billed for the period		91
Contract assets included in December 31, 2021 balance that were invoiced and transferred to trade receivables for the period		(72	)
Balance March 31, 2022	$	116
Contract liabilities
Balance December 31, 2021	$	131
Advance consideration received or the right to consideration that is unconditional from customers for which revenue was not recognized for the period		108
Revenue recognized for the period that was included in the contract liability balance as of December 31, 2021		(94	)
Balance March 31, 2022	$	145

Schedule of Allowance for Doubtful Accounts Rollforward Incorporating Expected Credit Losses

The following schedule represents the allowance for doubtful accounts roll forward incorporating expected credit losses as of March 31, 2022 and December 31, 2021, respectively.

(IN MILLIONS)	Balance Beginning of Period		Charges to Expense				Deductions			Effect of Foreign Currency Translation		Balance at End of Period
Allowance for doubtful accounts
Three months ended March 31, 2022	$	6		$	-		$	-	$	-		$	6
Year ended December 31, 2021	$	11		$	(4	)	$	-	$	(1	)	$	6