Contract Cost Assets

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Contract Cost Assets

Contract Balances

Contract assets were $71 million and $78 million as of December 31, 2022 and December 31, 2021, respectively.

For the years ended December 31, 2022 and 2021, we recognized revenue of $51 million and $48 million, respectively, that was included in the deferred revenue balance at the beginning of the related period.

Contract Cost Assets

As of December 31, 2022 and 2021, we had $23 million and $35 million, respectively, of contract cost assets. For the years ended December 31, 2022 and 2021, we did not record any material impairment losses to our contract cost assets.

We recorded amortization expense related to contract cost assets of $30 million, $42 million and $37 million during the years ended December 31, 2022, 2021 and 2020, respectively.