The Company adopted ASC 606 on January 1, 2018 using the modified retrospective method; and therefore, the comparative information has not been adjusted for the year ended December 31, 2017.

The cumulative effect of the changes made to the consolidated balance sheet at January 1, 2018 for the adoption of ASC 606, are included in the following table:

The disclosure of the impact of the adoption of ASC 606 on the Company’s consolidated statement of operations is as follows:

Disaggregation of Revenue: Revenue is disaggregated in the following tables by major revenue types and by timing of revenue recognition:

(1)Amounts primarily include subscription and advertising revenues.

The following tables provide the balances of receivables and deferred revenue income:


(In millions)	December 31, 2019		December 31, 2018
Current assets:
Receivables related to contracts with customers	$	160.3	$	183.2
Miscellaneous receivables		93.9		76.3
Receivables, net	$	254.2	$	259.5


(In millions)	December 31, 2019		December 31, 2018
Current liabilities:
Deferred revenue related to contracts with customers	$	447.1	$	412.8
Miscellaneous deferred income		2.1		2.0
Deferred revenue and income	$	449.2	$	414.8

The significant changes in contract liabilities with customers included in deferred revenues and income are as follows:


	Deferred Revenues
	Related to Contracts
(In millions)	with Customers
Ending balance at December 31, 2017	$	376.1
Cumulative effect of initially applying ASC 606		(10.0)
Cash received in advance (1)		463.4
Customer loyalty rewards accumulated, net of expirations:
Admission revenues (2)		30.0
Food and beverage (2)		55.2
Other theatre (2)		8.9
Reclassification to revenue as the result of performance obligations satisfied:
Admission revenues (3)		(329.9)
Food and beverage (3)		(82.3)
Other theatre (4)		(97.0)
Business combination - Nordic purchase price allocation		(2.3)
Foreign currency translation adjustment		0.7
Ending balance at December 31, 2018	$	412.8
Cash received in advance (1)		457.1
Customer loyalty rewards accumulated, net of expirations:
Admission revenues (2)		29.4
Food and beverage (2)		69.7
Other theatre (2)		2.8
Reclassification to revenue as the result of performance obligations satisfied:
Admission revenues (3)		(307.8)
Food and beverage (3)		(116.7)
Other theatre (4)		(95.6)
Disposition of Austria theatres		(1.2)
Foreign currency translation adjustment		(3.4)
Ending balance at December 31, 2019	$	447.1

(1)Includes movie tickets, food and beverage, gift cards, exchange tickets, and AMC Stubs^® loyalty membership fees.

(2)Amount of rewards accumulated, net of expirations, that are attributed to AMC Stubs^® and other loyalty programs.

(3)Amount of rewards redeemed that are attributed to gift cards, exchange tickets, movie tickets, AMC Stubs^® loyalty programs and other loyalty programs.

(4)Amounts relate to income from non-redeemed or partially redeemed gift cards, non-redeemed exchange tickets, AMC Stubs^® loyalty membership fees and other loyalty programs.

The significant changes to contract liabilities included in the exhibitor services agreement (“ESA”), classified as long-term liabilities in the consolidated balance sheets, are as follows:


	Exhibitor Services
(In millions)	Agreement
Balance as of December 31, 2017	$	530.9
Cumulative effect of initially applying ASC 606		52.9
Common Unit Adjustment – surrender of common units (1)		(5.2)
Reclassification of the beginning balance to other theatre revenue, as the result of performance obligations satisfied		(14.6)
Beginning balance	$	564.0
Common Unit Adjustment–additions of common units (1)		1.4
Reclassification of the beginning balance to other theatre revenue, as the result of performance obligations satisfied		(15.7)
Balance as of December 31, 2019	$	549.7

(1)Represents the fair value amount of the NCM common units that were surrendered due to the annual Common Unit Adjustment. Such amount will increase the deferred revenues that are being amortized to other theatre revenues over the remainder of the 30-year term of the ESA ending in February 2037. See Note 6—Investments for further information.

Transaction Price Allocated to the Remaining Performance Obligations: The following table includes the amount of NCM ESA, included in exhibitor services agreement in the Company’s consolidated balance sheets, that is expected to be recognized as revenues in the future related to performance obligations that are unsatisfied as of December 31, 2019:


(In millions)	Exhibitor services agreement
Year Ended 2020	$	16.9
Year Ended 2021		18.1
Year Ended 2022		19.5
Year Ended 2023		20.9
Year Ended 2024		22.5
Years Ended 2025 through February 2037		451.8
Total	$	549.7

The total amount of non-redeemed gifts cards and exchange tickets included in deferred revenues and income as of December 31, 2019 was $354.3 million. This will be recognized as revenues as the gift cards and exchange tickets are redeemed or as the non-redeemed gift card and exchange ticket revenues are recognized in proportion to the pattern of actual redemptions, which is estimated to occur over the next 24 months.

As of December 31, 2019, the amount of deferred revenue allocated to the AMC Stubs^® loyalty programs included in deferred revenues and income was $57.4 million. The earned points will be recognized as revenue as the points are redeemed, which is estimated to occur over the next 24 months. The AMC Stubs Premiere^TM annual membership fee is recognized ratably over the one-year membership period.

The Company applies the practical expedient in ASC 606-10-50-14 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.