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Revenue (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table illustrates the sources of revenue:
Year Ended December 31,
(in millions)202320222021
Revenue from contracts with customers$6,963 $5,294 $4,998 
Lease Revenue401 228 197 
Total$7,364 $5,522 $5,195 

The following table reflects revenue from contracts with customers by application:
Year Ended December 31,
(in millions)202320222021
Water Infrastructure
     Transport$1,889 $1,715 $1,619 
     Treatment795 421 431 
Applied Water
     Building Solutions1,025 965 877 
     Industrial Water828 802 736 
Measurement and Control Solutions
     Water1,354 1,126 1,055 
     Energy375 265 280 
Integrated Solutions and Services697 — — 
Total$6,963 $5,294 $4,998 
The following table reflects revenue from contracts with customers by geographical region:
Year Ended December 31,
(in millions)202320222021
Water Infrastructure
    United States$934 $664 $556 
Western Europe911 757 753 
Emerging Markets (a)581 495 537 
     Other258 220 204 
Applied Water
    United States970 914 804 
Western Europe401 380 370 
Emerging Markets (a)342 349 324 
    Other140 124 115 
Measurement and Control Solutions
     United States1,122 857 796 
     Western Europe290 240 256 
     Emerging Markets (a)203 198 189 
     Other114 96 94 
Integrated Solutions and Services
United States646 — — 
Western Europe8 — — 
Emerging Markets (a)9 — — 
Other34 — — 
Total$6,963 $5,294 $4,998 

(a)Emerging Markets includes results from the following regions: Eastern Europe, the Middle East and Africa, Latin America and Asia Pacific (excluding Japan, Australia and New Zealand, which are presented in "Other")
Contract with Customer, Asset and Liability
The table below provides contract assets, contract liabilities, and significant changes in contract assets and liabilities:
(in millions)Contract Assets (a)Contract Liabilities
Balance at 1/1/2022$125 $164 
  Additions, net115 137 
  Revenue recognized from opening balance— (109)
  Billings transferred to accounts receivable (82)— 
  Other(7)(9)
Balance at 1/1/2023$151 $183 
Opening balance from the acquisition of Evoqua110 107 
  Additions, net121 162 
  Revenue recognized from opening balance— (128)
Billings transferred to accounts receivable(126)— 
  Other7 (9)
Balance at 12/31/2023$263 $315 

(a)Excludes receivable balances that are disclosed on the Consolidated Balance Sheets