The following table provides information about receivables, contract assets and contract liabilities from our contracts with customers: | | | | | | | | | | | | | | | | | | | | (In $ millions) | December 31, 2023 | | December 31, 2022 | Accounts receivable, net | 222 | | | 137 | | | | | | | | | | Current contract liabilities (classified within other current liabilities) | (31) | | | (19) | | Non-current contract liabilities (classified within other non-current liabilities) | (33) | | | (42) | |
Significant changes in the contract liabilities balances during the year ended December 31, 2023 were as follows: | | | | | | | | | | | | | | | | | | | | (In $ millions) | | | | Contract Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net contract liability at January 1, 2023 | | | | (61) | | | | Aquadrill Acquisition | | | | (1) | | | | Amortization of revenue that was included in the beginning contract liability balance | | | | 19 | | | | Cash received, excluding amounts recognized as revenue | | | | (21) | | | | | | | | | | | | | | | | | | Net contract liability at December 31, 2023 | | | | (64) | | | |
Significant changes in the contract liabilities balances during the year ended December 31, 2022 are as follows: | | | | | | | | | | | | | | | | | | | | (In $ millions) | | | | Contract Liabilities | | | Net contract liability at January 1, 2022 (Predecessor) | | | | (35) | | | | Amortization of revenue that was included in the beginning contract liability balance | | | | 16 | | | | Net contract liability at February 22, 2022 (Predecessor) | | | | (19) | | | | Net contract liability at February 23, 2022 (Successor) | | | | (19) | | | | Amortization of revenue that was included in the beginning contract liability balance | | | | 9 | | | | Cash received, excluding amounts recognized as revenue | | | | (51) | | | | | | | | | | | | | | | | | | Net contract liability at December 31, 2022 (Successor) | | | | (61) | | | |
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