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CONTRACT ASSETS AND LIABILITIES
 9 Months Ended
Sep. 24, 2023
Revenue from Contract with Customer [Abstract]  
CONTRACT ASSETS AND LIABILITIES CONTRACT ASSETS AND LIABILITIES
Contract assets include unbilled amounts typically resulting from sales under contracts when the percentage-of-completion cost-to-cost method of revenue recognition is utilized and revenue recognized exceeds the amount billed to the customer. Contract liabilities include advance payments and billings in excess of revenue recognized. Contract assets and contract liabilities were as follows (in millions):
September 24,
2023		December 31,
2022
Contract assets $13,605 $12,318 
Contract liabilities7,936 8,488 
Contract assets increased $1.3 billion during the nine months ended September 24, 2023, due to the recognition of revenue related to the satisfaction or partial satisfaction of performance obligations during the nine months ended September 24, 2023 for which we have not yet billed our customers (primarily on the F-35 program at Aeronautics). There were no significant credit or impairment losses related to our contract assets during the quarters and nine months ended September 24, 2023 and September 25, 2022.
Contract liabilities decreased $552 million during the nine months ended September 24, 2023, primarily due to revenue recognized in excess of payments received on these performance obligations. During the quarter and nine months ended September 24, 2023, we recognized $916 million and $4.2 billion of our contract liabilities at December 31, 2022 as revenue. During the quarter and nine months ended September 25, 2022, we recognized $742 million and $4.3 billion of our contract liabilities at December 31, 2021 as revenue.