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Revenue from Contracts With Customers (Tables)
6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer  
Schedule of the disaggregation of revenue by timing of transfer of control

Three Months Ended June 30, 2020

Six Months Ended June 30, 2020

($ in millions)

Point in Time

Over Time

Total

 

Point in Time

Over Time

Total

Total net sales

$

531

$

2,270

$

2,801

$

1,034

$

4,552

$

5,586

Three Months Ended June 30, 2019

Six Months Ended June 30, 2019

($ in millions)

Point in Time

Over Time

Total

 

Point in Time

Over Time

Total

Total net sales

$

547

$

2,470

$

3,017

$

1,104

$

4,698

$

5,802

Schedule of balances of contract liabilities

Contract

Contract

Liabilities

Liabilities

($ in millions)

    

(Current)

(Noncurrent)

Balance at December 31, 2019

87

9

Increase (decrease)

(11)

Balance at June 30, 2020

$

76

$

9

Schedule of transaction price allocated to remaining performance obligations

($ in millions)

    

Next Twelve Months

Thereafter

Total

Sales expected to be recognized on multi-year contracts in place as of June 30, 2020

$

1,180

$

814

$

1,994