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, 2021		December 31, 2020
Current assets
Receivables related to contracts with customers	$	85.4	$	23.1
Miscellaneous receivables		83.1		67.9
Receivables, net	$	168.5	$	91.0


(In millions)	December 31, 2021		December 31, 2020
Current liabilities
Deferred revenue related to contracts with customers	$	405.1	$	400.6
Miscellaneous deferred income		3.5		4.8
Deferred revenue and income	$	408.6	$	405.4

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
Balance December 31, 2019	$	447.1
Cash received in advance (1)		110.8
Customer loyalty rewards accumulated, net of expirations:
Admission revenues (2)		8.4
Food and beverage revenues (2)		15.0
Other theatre revenues (2)		—
Reclassification to revenue as the result of performance obligations satisfied:
Admission revenues (3)		(118.5)
Food and beverage revenues (3)		(32.0)
Other theatre revenues (4)		(33.8)
Foreign currency translation adjustment		3.6
Balance December 31, 2020	$	400.6
Cash received in advance (1)		186.1
Customer loyalty rewards accumulated, net of expirations:
Admission revenues (2)		11.0
Food and beverage revenues (2)		20.3
Other theatre revenues (2)		(0.2)
Reclassification to revenue as the result of performance obligations satisfied:
Admission revenues (3)		(127.4)
Food and beverage revenues (3)		(39.3)
Other theatre revenues (4)		(42.1)
Foreign currency translation adjustment		(3.9)
Balance December 31, 2021	$	405.1

(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 ESA in the consolidated balance sheets, are as follows:


	Exhibitor Services
(In millions)	Agreement (1)
Balance December 31, 2019	$	549.7
Common Unit Adjustment–additions of common units (1)		4.8
Reclassification of the beginning balance to other theatre revenue, as the result of performance obligations satisfied		(16.9)
Balance December 31, 2020	$	537.6
Negative Common Unit Adjustment–reduction of common units		(9.2)
Reclassification of portion of the beginning balance to other theatre revenue, as the result of performance obligations satisfied		(18.0)
Balance December 31, 2021	$	510.4

(1)

Represents the carrying amount of the NCM common units that were previously received under the annual Common Unit Adjustment. The deferred revenues are being amortized to other theatre revenues over the

remainder of the 30-year term of the ESA ending in February 2037.

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, 2021:


(In millions)	Exhibitor Services Agreement
Year ended 2022	$	19.3
Year ended 2023		20.8
Year ended 2024		22.3
Year ended 2025		24.0
Year ended 2026		25.8
Years ended 2027 through February 2037		398.2
Total	$	510.4

Gift Cards and Exchange Tickets. The total amount of non-redeemed gift cards and exchange tickets included in deferred revenues and income as of December 31, 2021 was $322.0 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.

Loyalty Programs. As of December 31, 2021, the amount of deferred revenues allocated to the loyalty programs included in deferred revenues and income was $65.5 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.