XML 52 R35.htm IDEA: XBRL DOCUMENT

Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

They also provide the amount of revenue that is not subject to ASC 606, "Revenue from Contracts with Customers" ("ASC 606"), but is instead governed by other accounting standards. The amounts in the tables below include revenue for the Latin American and EMEA businesses prior to their sales on August 1, 2022 and November 1, 2023, respectively:


	Year Ended December 31, 2024
	Total Revenue		Adjustments for Non-ASC 606 Revenue (1)	Total Revenue from Contracts with Customers
	(Dollars in millions)
Grow	$	3,837	(603)	3,234
Nurture	1,523		(14)	1,509
Harvest	756		—	756
Other	118		—	118
Affiliate Services	262		(262)	—
Total Revenue	$	6,496	(879)	5,617

Timing of revenue:
Goods transferred at a point in time				$	20
Services performed over time				5,597
Total revenue from contracts with customers				$	5,617


	Year Ended December 31, 2023
	Total Revenue		Adjustments for Non-ASC 606 Revenue (1)	Total Revenue from Contracts with Customers
	(Dollars in millions)
Grow	$	3,898	(595)	3,303
Nurture	1,699		(15)	1,684
Harvest	972		—	972
Other	244		—	244
Affiliate Services	224		(224)	—
Total Revenue	$	7,037	(834)	6,203

Timing of revenue:
Goods transferred at a point in time				$	—
Services performed over time				6,203
Total revenue from contracts with customers				$	6,203


	Year Ended December 31, 2022
	Total Revenue		Adjustments for Non-ASC 606 Revenue (1)	Total Revenue from Contracts with Customers
	(Dollars in millions)
Grow	$	3,964	(665)	3,299
Nurture	1,902		(15)	1,887
Harvest	1,139		—	1,139
Other	261		—	261
Affiliate Services	227		(227)	—
Total Revenue	$	7,493	(907)	6,586

Timing of revenue:
Goods transferred at a point in time				$	4
Services performed over time				6,582
Total revenue from contracts with customers				$	6,586

_______________________________________________________________

(1) Includes lease revenue which is not within the scope of ASC 606.

Contract with customer, asset and liability

The following table provides balances of customer receivables, contract assets and contract liabilities, net of amounts classified as held for sale:


	As of December 31,
	2024		2023
	(Dollars in millions)
Customer receivables, less allowance of $12 and $13	$	529	544
Contract assets	12		8
Contract liabilities	267		222

Capitalized contract cost

The following tables provide changes in our contract acquisition costs and fulfillment costs:


	Year Ended December 31, 2024
	Acquisition Costs		Fulfillment Costs
	(Dollars in millions)
Beginning of period balance	$	70	97
Costs incurred	55		103
Amortization	(48)		(73)

End of period balance	$	77	127


	Year Ended December 31, 2023
	Acquisition Costs		Fulfillment Costs
	(Dollars in millions)
Beginning of period balance(1)	$	76	106
Costs incurred	55		87
Amortization	(57)		(69)
Classified as held for sale	(4)		(27)
End of period balance	$	70	97

_____________________________________________________________________

(1)Beginning of period balance for the year ended December 31, 2023 excludes $6 million of acquisition costs and no fulfillment costs classified as held for sale related to the EMEA business.