CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Summary of Contract with Customer, Asset and Liability

The following table reconciles the changes in the Company’s contract assets and liabilities as follows:

	Contract Assets
In millions	2024		2023
Balance at beginning of year	$	678	$	706
Recognized in current year	856		692
Reclassified to accounts receivable	(801)		(723)
Acquisitions/adjustments	3		(2)
Foreign currency impact	(16)		5
Balance at end of year	$	720	$	678
	Contract Liabilities
In millions	2024		2023
Balance at beginning of year	$	1,082	$	956
Recognized in current year	1,562		1,380
Amounts in beginning balance reclassified to revenue	(572)		(665)
Current year amounts reclassified to revenue	(876)		(593)
Acquisitions	8		1
Foreign currency impact	(31)		3
Balance at end of year	$	1,173	$	1,082