Accounts Receivable and Finance Receivables (Tables)

6 Months Ended

Jun. 28, 2025

Accounts receivable is composed of the following:


(In millions)	June 28, 2025		December 28, 2024
Commercial	$	800	$	738
U.S. Government contracts	96		230
	896		968
Allowance for credit losses	(19)		(19)
Total accounts receivable, net	$	877	$	949

Finance receivables are presented in the following table:


(In millions)	June 28, 2025		December 28, 2024
Finance receivables	$	605	$	622
Allowance for credit losses	(20)		(19)
Total finance receivables, net	$	585	$	603

Finance receivables categorized based on the credit quality indicators and by the delinquency aging category are summarized as follows:


(Dollars in millions)	June 28, 2025		December 28, 2024
Performing	$	569	$	612
Watchlist	33		—
Nonaccrual	3		10
Nonaccrual as a percentage of finance receivables	0.50%		1.61%
Current and less than 31 days past due	$	596	$	609
31-60 days past due	9		13


60+ days contractual delinquency as a percentage of finance receivables	—%		—%

Finance receivables categorized based on the credit quality indicators and by the delinquency aging category are summarized as follows:


(Dollars in millions)	June 28, 2025		December 28, 2024
Performing	$	569	$	612
Watchlist	33		—
Nonaccrual	3		10
Nonaccrual as a percentage of finance receivables	0.50%		1.61%
Current and less than 31 days past due	$	596	$	609
31-60 days past due	9		13


60+ days contractual delinquency as a percentage of finance receivables	—%		—%