Contract Assets and Contract Liabilities (Tables)

3 Months Ended

Sep. 27, 2019

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets and Contract Liabilities

Contract assets and contract liabilities are summarized below:

	September 27, 2019			June 28, 2019
	(In millions)
Contract assets	$	2,625		$	807
Contract liabilities, current	(1,210		)	(496		)
Contract liabilities, non-current(1)	(80		)	(42		)
Net contract assets	$	1,335		$	269

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(1) The non-current portion of contract liabilities is included as a component of the “Other long-term liabilities” line item in our Condensed Consolidated Balance Sheet (Unaudited).

The components of contract assets are summarized below:

	September 27, 2019			June 28, 2019
	(In millions)
Unbilled contract receivables, gross	$	3,969		$	916
Progress payments and advances	(1,344		)	(109		)
	$	2,625		$	807