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Revenue and Contract-related Balances
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue and Contract-related Balances Revenues and Contract-related Balances
Disaggregated Revenues
Revenues by type are as follows:
(In millions)202220212020
Revenues
Consumables
$20,624 $22,608 $18,527 
Instruments
7,924 7,753 6,779 
Services
16,367 8,850 6,912 
Consolidated revenues
$44,915 $39,211 $32,218 
Revenues by geographic region based on customer location are as follows:
(In millions)202220212020
Revenues
North America
$24,594 $19,659 $17,081 
Europe
10,762 11,134 8,284 
Asia-Pacific
8,115 7,218 5,822 
Other regions
1,444 1,200 1,031 
Consolidated revenues
$44,915 $39,211 $32,218 
Each reportable segment earns revenues from consumables, instruments and services in North America, Europe, Asia-Pacific and other regions. See Note 4 for revenues by reportable segment and other geographic data.
Remaining Performance Obligations
The aggregate amount of the transaction price allocated to the remaining performance obligations for all open customer contracts as of December 31, 2022 was $26.97 billion. The company will recognize revenues for these performance obligations as they are satisfied, approximately 55% of which is expected to occur within the next twelve months. Amounts expected to occur thereafter generally relate to contract manufacturing, clinical research and extended warranty service agreements, which typically have durations of three to five years.
Contract-related Balances
Noncurrent contract assets and noncurrent contract liabilities are included within other assets and other long-term liabilities in the accompanying balance sheet, respectively. Contract asset and liability balances are as follows:
December 31,December 31,
(In millions)20222021
Current contract assets, net$1,312 $968 
Noncurrent contract assets, net7 9 
Current contract liabilities2,601 2,655 
Noncurrent contract liabilities1,179 1,238 
Substantially all of the current contract liabilities balance at December 31, 2021 and 2020 was recognized in revenues during 2022 and 2021, respectively.