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Supplemental Balance Sheet Information | 6 Months Ended
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Jun. 29, 2024
Balance Sheet Related Disclosures [Abstract] |
Supplemental Balance Sheet Information | Supplemental Financial Statement Information Accounts Receivable, net As of June 29, 2024 and December 30, 2023, Accounts receivable, net included unbilled accounts receivable of $1.7 billion and $1.1 billion, respectively. Unbilled accounts receivable primarily represent work completed on development services and on custom products for which revenue has been recognized but not yet invoiced. Unbilled accounts receivable that are included in Accounts receivable, net are expected to be billed and collected within 12 months.
Inventories | June 29, 2024 |  | December 30, 2023
| (In millions)
Raw materials | $ | 338 |  |  | $ | 279 |
Work in process | 3,727 |  |  | 3,260 |
Finished goods | 926 |  |  | 812 |
Total inventories | $ | 4,991 |  |  | $ | 4,351 |
Property and Equipment, net | June 29, 2024 |  | December 30, 2023
| (In millions)
Land, building and leasehold improvements | $ | 834 |  |  | $ | 821 |
Equipment | 2,603 |  |  | 2,346 |
Construction in progress | 217 |  |  | 209 |
Property and equipment, gross | 3,654 |  |  | 3,376 |
Accumulated depreciation | (1,988) |  |  | (1,787) |
Total property and equipment, net | $ | 1,666 |  |  | $ | 1,589 |
Accrued Liabilities | June 29, 2024 |  | December 30, 2023
| (In millions)
Customer-related liabilities | $ | 1,402 |  |  | $ | 788 |
Accrued marketing programs | 828 |  |  | 827 |
Accrued compensation and benefits | 755 |  |  | 884 |
Other accrued liabilities | 644 |  |  | 583 |
Total accrued liabilities | $ | 3,629 |  |  | $ | 3,082 |
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 June 29, 2024, the aggregate transaction price allocated to remaining performance obligations under contracts with an original expected duration of more than one year was $76 million, of which $42 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 8% and 12% of the Company’s revenue for the three and six months ended June 29, 2024, respectively and 27% and 28% of the Company’s revenue for the three and six months ended July 1, 2023, 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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