Revenues

6 Months Ended

Oct. 02, 2020

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

Contract liabilities

During the three and six months ended October 2, 2020, we recognized $452 million and $762 million from the contract liabilities balance at July 3, 2020 and April 3, 2020, respectively. During the three and six months ended October 4, 2019, we recognized $427 million and $767 million from the contract liabilities balance at July 5, 2019 and March 29, 2019, respectively.

Remaining performance obligations

Remaining performance obligations represent contracted revenue that has not been recognized, which include contract liabilities and amounts that will be billed and recognized as revenue in future periods. As of October 2, 2020, we had $790 million of remaining performance obligations, which does not include customer deposit liabilities of $284 million, of which we expect to recognize approximately 95% as revenue over the next twelve months.