XML 50 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)
12 Months Ended
Jun. 29, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Assets and Contract Liabilities
Contract assets and contract liabilities are summarized below:
 
June 29, 2018
 
June 30, 2017
 
 
 
 
 
(In millions)
Contract assets
$
782

 
$
706

Contract liabilities, current
(372
)
 
(291
)
Contract liabilities, noncurrent(1)
(7
)
 
(10
)
Net contract assets
$
403

 
$
405

_______________
(1)
Non-current portion of deferred revenue associated with extended product warranties, which is included as a component of the “Other long-term liabilities” line item in our Consolidated Balance Sheet.
The components of contract assets are summarized below:
 
June 29, 2018
 
June 30, 2017
 
 
 
 
 
(In millions)
Unbilled contract receivables, gross
$
881

 
$
796

Progress payments
(99
)
 
(90
)
 
$
782

 
$
706