ACCOUNTS RECEIVABLE, CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)

3 Months Ended

Mar. 29, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets and Contract Liabilities

Contract assets and contract liabilities are summarized below:

(In millions)	March 29, 2024		December 29, 2023
Contract assets	$	3,502	$	3,196
Contract liabilities, current	(1,777)		(1,900)
Contract liabilities, non-current(1)	(88)		(94)
Net contract assets	$	1,637	$	1,202

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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.