XML 42 R31.htm IDEA: XBRL DOCUMENT v3.21.2
Contract Assets and Contract Liabilities (Tables)
 6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
Schedule of Change in Carrying Amount of Contract Assets and Contract Liabilities The change in the carrying amount of contract assets and contract liabilities for the six months ended June 30, 2021 and 2020 is as follows:
Contract Assets
In millions20212020
Balance at beginning of year$544.2 $623.4 
Acquisitions— 4.1 
Recognized in current year369.5 451.8 
Reclassified to accounts receivable(364.0)(519.1)
Foreign currency impact(4.5)(6.2)
Balance at June 30
$545.2 $554.0 
Contract Liabilities
In millions20212020
Balance at beginning of year$831.2 $799.7 
Acquisitions1.7 6.8 
Recognized in current year339.3 424.7 
Amounts in beginning balance reclassified to revenue(316.7)(333.9)
Current year amounts reclassified to revenue(63.3)(107.5)
Foreign currency impact(6.1)(12.0)
Balance at June 30$786.1 $777.8