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Revenue (Notes)
 3 Months Ended
Mar. 31, 2023
Revenue from Contracts with Customers [Abstract]  
Revenue from Contract with Customer [Text Block] REVENUE
The following table presents our revenue from contracts with customers and other revenue for the periods indicated (in millions):
Three Months Ended March 31, 2023
Renewables SBUUtilities SBUEnergy Infrastructure SBUNew Energy Technologies SBUCorporate, Other and EliminationsTotal
Non-Regulated Revenue
Revenue from contracts with customers
$477 $17 $1,572 $74 $(25)$2,115 
Other non-regulated revenue (1)
18 2 152 — — 172 
Total non-regulated revenue
495 19 1,724 74 (25)2,287 
Regulated Revenue
Revenue from contracts with customers
— 944 — — — 944 
Other regulated revenue
— 8 — — — 8 
Total regulated revenue
— 952 — — — 952 
Total revenue
$495 $971 $1,724 $74 $(25)$3,239 
Three Months Ended March 31, 2022
Renewables SBUUtilities SBUEnergy Infrastructure SBUNew Energy Technologies SBUCorporate, Other and EliminationsTotal
Non-Regulated Revenue
Revenue from contracts with customers$425 $23 $1,501 $— $(34)$1,915 
Other non-regulated revenue (1)
(5)1 106 — — 102 
Total non-regulated revenue420 24 1,607 — (34)2,017 
Regulated Revenue
Revenue from contracts with customers— 828 — — — 828 
Other regulated revenue— 7 — — — 7 
Total regulated revenue— 835 — — — 835 
Total revenue$420 $859 $1,607 $— $(34)$2,852 
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(1)         Other non-regulated revenue primarily includes lease and derivative revenue not accounted for under ASC 606.
Contract Balances — The timing of revenue recognition, billings, and cash collections results in accounts receivable and contract liabilities. The contract liabilities from contracts with customers were $364 million and $337 million as of March 31, 2023 and December 31, 2022, respectively.
During the three months ended March 31, 2023 and 2022, we recognized revenue of $7 million and $30 million, respectively, that was included in the corresponding contract liability balance at the beginning of the periods.
A significant financing arrangement exists for our Mong Duong plant in Vietnam. The plant was constructed under a build, operate, and transfer contract and will be transferred to the Vietnamese government after the completion of a 25 year PPA. The performance obligation to construct the facility was substantially completed in 2015. Contract consideration related to the construction, but not yet collected through the 25 year PPA, was reflected on the Condensed Consolidated Balance Sheet. As of March 31, 2023 and December 31, 2022, the Mong Duong loan receivable balance of $1.1 billion, net of CECL reserves of $27 million and $28 million, respectively, was classified as a Loan receivable on the Condensed Consolidated Balance Sheets.
Remaining Performance Obligations — The transaction price allocated to remaining performance obligations represents future consideration for unsatisfied (or partially unsatisfied) performance obligations at the end of the reporting period. As of March 31, 2023, the aggregate amount of transaction price allocated to remaining performance obligations was $5 million, primarily consisting of fixed consideration for the sale of renewable energy credits (“RECs”) in long-term contracts in the U.S. We expect to recognize revenue of approximately $1 million per year between 2023 and 2027