Revenues from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table represents a disaggregation of revenue earned from contracts with customers (in millions):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
LNG revenues	$	7,788	$	3,297	$	15,352	$	6,336
Regasification revenues	68		67		136		134
Other revenues	26		24		51		44
Total revenues from customers	7,882		3,388		15,539		6,514
Net derivative gain (loss) (1)	85		(384)		(139)		(424)
Other (2)	40		13		91		17
Total revenues	$	8,007	$	3,017	$	15,491	$	6,107

(1)See Note 6—Derivative Instruments for additional information about our derivatives.

(2)Includes revenues from LNG vessel subcharters. See Note 10—Leases for additional information about our subleases.

Contract Assets

The following table shows our contract assets, net of current expected credit losses, which are classified as other current assets and other non-current assets, net on our Consolidated Balance Sheets (in millions):

	June 30,		December 31,
	2022		2021
Contract assets, net of current expected credit losses	$	159	$	140

Contract Liabilities

The following table reflects the changes in our contract liabilities, which we classify as deferred revenue and other non-current liabilities on our Consolidated Balance Sheets (in millions):

	Six Months Ended June 30, 2022
Deferred revenue, beginning of period	$	194
Cash received but not yet recognized in revenue	202
Revenue recognized from prior period deferral	(194)
Deferred revenue, end of period	$	202

Transaction Price Allocated to Future Performance Obligations

The following table discloses the aggregate amount of the transaction price that is allocated to performance obligations that have not yet been satisfied:

	June 30, 2022			December 31, 2021
	Unsatisfied Transaction Price (in billions)		Weighted Average Recognition Timing (years) (1)	Unsatisfied Transaction Price (in billions)		Weighted Average Recognition Timing (years) (1)
LNG revenues	$	109.9	9	$	107.1	9
Regasification revenues	1.7		2	1.9		4
Total revenues	$	111.6		$	109.0

(1)The weighted average recognition timing represents an estimate of the number of years during which we shall have recognized half of the unsatisfied transaction price.