v3.26.1
CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)
6 Months Ended
Jul. 03, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Assets and Contract Liabilities
Contract assets and contract liabilities are summarized below:
(In millions)July 3, 2026January 2, 2026
Contract assets
$3,674 $3,566 
Contract liabilities
(2,936)(2,262)
Contract liabilities, non-current(1)
(83)(108)
Net contract assets$655 $1,196 
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(1)Included as a component of the “Other non-current liabilities” line item in our Condensed Consolidated Balance Sheet.