CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)

12 Months Ended

Jan. 03, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets and Contract Liabilities

Contract assets and contract liabilities are summarized below:

(In millions)	January 3, 2025	December 29, 2023
Contract assets	$3,230	$3,196
Contract liabilities, current	(2,142)	(1,900)
Contract liabilities, non-current(1)	(91)	(94)
Net contract assets	$997	$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 Consolidated

Balance Sheet.