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CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables) | 6 Months Ended
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Jan. 03, 2020
Revenue from Contract with Customer [Abstract] |
Schedule of Contract Assets and Contract Liabilities | Contract assets and contract liabilities are summarized below:
| January 3, 2020 |  | June 28, 2019 |  | June 29, 2018
| (In millions)
Contract assets | $ | 2,459 |  |  | $ | 807 |  |  | $ | 782 |
Contract liabilities, current | (1,214 | ) |  | (496 | ) |  | (372 | )
Contract liabilities, noncurrent(1) | (87 | ) |  | (42 | ) |  | (35 | )
Net contract assets | $ | 1,158 |  |  | $ | 269 |  |  | $ | 375 |
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(1) | The non-current portion of contract liabilities is included as a component of the “Other long-term liabilities” line item in our Consolidated Balance Sheet.
The components of contract assets are summarized below:
| January 3, 2020 |  | June 28, 2019 |  | June 29, 2018
| (In millions)
Unbilled contract receivables, gross | $ | 3,690 |  |  | $ | 916 |  |  | $ | 881 |
Progress payments | (1,231 | ) |  | (109 | ) |  | (99 | )
| $ | 2,459 |  |  | $ | 807 |  |  | $ | 782 |

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- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130551-203045 + Details
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