REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2021

Disaggregation of Revenue [Line Items]


	Three Months Ended				Six Months Ended
(In millions)	June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2020
Major revenue types
Admissions	$	233.0	$	0.9	$	302.5	$	568.9
Food and beverage		161.5		0.4		211.6		288.5
Other theatre:
Screen advertising		19.7		14.3		36.6		44.0
Other theatre		30.5		3.3		42.3		59.0
Other theatre		50.2		17.6		78.9		103.0
Total revenues	$	444.7	$	18.9	$	593.0	$	960.4


	Three Months Ended				Six Months Ended
(In millions)	June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2020
Timing of revenue recognition
Products and services transferred at a point in time	$	414.1	$	3.6	$	540.9	$	855.4
Products and services transferred over time(1)		30.6		15.3		52.1		105.0
Total revenues	$	444.7	$	18.9	$	593.0	$	960.4

(1)

Amounts primarily include subscription and advertising revenues.

Schedule of receivables and deferred revenue income


(In millions)	June 30, 2021		December 31, 2020
Current assets
Receivables related to contracts with customers	$	31.7	$	23.1
Miscellaneous receivables		56.8		67.9
Receivables, net	$	88.5	$	91.0


(In millions)	June 30, 2021		December 31, 2020
Current liabilities
Deferred revenue related to contracts with customers	$	400.0	$	400.6
Miscellaneous deferred income		2.1		4.8
Deferred revenue and income	$	402.1	$	405.4

Customers included in deferred revenues and income

Disaggregation of Revenue [Line Items]

Schedule of changes in contract liabilities


	Deferred Revenues
	Related to Contracts
(In millions)	with Customers
Balance December 31, 2020	$	400.6
Cash received in advance(1)		33.7
Customer loyalty rewards accumulated, net of expirations:
Admission revenues (2)		2.5
Food and beverage (2)		4.7
Other theatre (2)		0.1
Reclassification to revenue as the result of performance obligations satisfied:
Admission revenues (3)		(21.3)
Food and beverage (3)		(11.3)
Other theatre (4)		(6.5)
Foreign currency translation adjustment		(2.5)
Balance June 30, 2021	$	400.0

(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.

Exhibitor services agreement

Disaggregation of Revenue [Line Items]

Schedule of changes in contract liabilities


	Exhibitor Services
(In millions)	Agreement (1)
Balance December 31, 2020	$	537.6
Negative Common Unit Adjustment–reduction of common units		(9.2)
Reclassification of the beginning balance to other theatre revenue, as the result of performance obligations satisfied		(8.9)
Balance June 30, 2021	$	519.5

(1)

Represents the carrying amount of the National CineMedia, LLC (“NCM”) common units that were previously received under the annual Common Unit Adjustment (“CUA”). The deferred revenues are being amortized to other theatre revenues over the remainder of the 30-year term of the Exhibitor Service Agreement (“ESA”) ending in February 2037.