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Supplemental Balance Sheet Information | 6 Months Ended
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Jul. 01, 2023
Balance Sheet Related Disclosures [Abstract] |
Supplemental Balance Sheet Information | Supplemental Financial Statement Information Accounts Receivable, net As of July 1, 2023 and December 31, 2022, Accounts receivable, net included unbilled accounts receivable of $1.3 billion and $1.1 billion, respectively. Unbilled accounts receivable primarily represents work completed on development services and on custom products for which revenue has been recognized but not yet invoiced. All unbilled accounts receivable are expected to be billed and collected within 12 months.
Inventories | July 1, 2023 |  | December 31, 2022
| (In millions)
Raw materials | $ | 154 |  |  | $ | 231 |
Work in process | 3,470 |  |  | 2,648 |
Finished goods | 943 |  |  | 892 |
Total inventories | $ | 4,567 |  |  | $ | 3,771 |
Prepaid Expenses and Other Current Assets | July 1, 2023 |  | December 31, 2022
| (In millions)
Prepaid supply agreements | $ | 842 |  |  | $ | 673 |
Other | 497 |  |  | 592 |
Total prepaid expenses and other current assets | $ | 1,339 |  |  | $ | 1,265 |
Prepaid supply agreements relate to the short-term portion of payments made to vendors to secure long-term supply capacity.
Property and Equipment, net | July 1, 2023 |  | December 31, 2022
| (In millions)
Land | $ | 120 |  |  | $ | 120 |
Building and leasehold improvements | 675 |  |  | 594 |
Equipment | 2,216 |  |  | 2,163 |
Construction in progress | 212 |  |  | 143 |
Property and equipment, gross | 3,223 |  |  | 3,020 |
Accumulated depreciation | (1,682) |  |  | (1,507) |
Total property and equipment, net | $ | 1,541 |  |  | $ | 1,513 |
Accrued Liabilities | July 1, 2023 |  | December 31, 2022
| (In millions)
Accrued marketing programs | $ | 752 |  |  | $ | 876 |
Accrued compensation and benefits | 643 |  |  | 701 |
Customer program liabilities | 848 |  |  | 859 |
Other accrued liabilities | 728 |  |  | 641 |
Total accrued liabilities | $ | 2,971 |  |  | $ | 3,077 |
Other Current Liabilities | July 1, 2023 |  | December 31, 2022
| (In millions)
Tax liabilities | $ | 635 |  |  | $ | 156 |
Other current liabilities | 121 |  | 180
Total other current liabilities | $ | 756 |  |  | $ | 336 |
Revenue Revenue allocated to remaining performance obligations that are unsatisfied (or partially unsatisfied) include amounts received from customers and amounts that will be invoiced and recognized as revenue in future periods for development services, IP licensing and product revenue. As of July 1, 2023, the aggregate transaction price allocated to remaining performance obligations under contracts with an original expected duration of more than one year was $274 million, of which $199 million is expected to be recognized in the next 12 months. The revenue allocated to remaining performance obligations does not include amounts which have an original expected duration of one year or less. Revenue recognized over time associated with custom products and development services accounted for 27% and 28% of the Company’s revenue for the three and six months ended July 1, 2023, respectively and 20% and 21% of the Company’s revenue for the three and six months ended June 25, 2022, respectively,

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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