CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2024

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 nine months ended September 30, 2024 and 2023 is as follows:

	Contract Assets
In millions	2024		2023
Balance at beginning of year	$	678	$	706
Recognized in current year	549		562
Reclassified to accounts receivable	(496)		(456)
Acquisitions/adjustments	—		(2)
Foreign currency impact	(5)		(4)
Balance at September 30	$	726	$	806
	Contract Liabilities
In millions	2024		2023
Balance at beginning of year	$	1,082	$	956
Recognized in current year	1,021		1,043
Amounts in beginning balance reclassified to revenue	(513)		(632)
Current year amounts reclassified to revenue	(615)		(393)
Acquisitions	—		1
Foreign currency impact	—		(6)
Balance at September 30	$	975	$	969