Revenue Recognition

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Transaction Price Allocated to Future Performance Obligations

As of March 31, 2022, other than contracts for which the Company has applied the practical expedients, the aggregate amount of transaction price allocated to future performance obligations was not material to our consolidated revenues.

Contract Balances from Contracts with Customers

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers.

(In thousands)	March 31, 2022		December 31, 2021
Balances from contracts with customers:
Accounts receivable (including long-term, included in Other assets)	$	1,031,446	$	1,106,225
Contract assets, short-term (included in Prepaid expenses and other current assets)	139,079		69,351
Contract assets, long-term (included in Other assets)	2,126		29,323
Contract liabilities (Deferred revenue)	205,432		167,071
Contract liabilities (Deferred revenue included in Other liabilities)	218		31,832

Revenue recognized for the three months ended March 31, 2022 and 2021 relating to the contract liability at December 31, 2021 and 2020 was $29.4 million and $7.7 million, respectively.