v3.25.2
CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)
6 Months Ended
Jun. 27, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Assets and Contract Liabilities
Contract assets and contract liabilities are summarized below:
(In millions)June 27, 2025January 3, 2025
Contract assets
$3,857 $3,230 
Contract liabilities, current
(2,317)(2,142)
Contract liabilities, non-current(1)
(103)(91)
Net contract assets$1,437 $997 
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(1)Included as a component of the “Other non-current liabilities” line item in our Condensed Consolidated Balance Sheet.