XML 53 R36.htm IDEA: XBRL DOCUMENT v3.21.1

Contract Assets and Contract Liabilities (Tables)

3 Months Ended

Apr. 02, 2021

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets and Contract Liabilities

Contract assets and contract liabilities are summarized below:

(In millions)			April 2, 2021						January 1, 2021
Contract assets			$	2,577					$	2,437
Contract liabilities, current			(1,189)						(1,198)
Contract liabilities, non-current(1)			(84)						(73)
Net contract assets			$	1,304					$	1,166

_______________

(1)The non-current portion of contract liabilities is included as a component of the “Other long-term liabilities” line item in our Condensed Consolidated Balance Sheet (Unaudited).

The components of contract assets are summarized below:

(In millions)			April 2, 2021						January 1, 2021
Unbilled contract receivables, gross			$	4,441					$	4,268
Progress payments and advances			(1,864)						(1,831)
Contract assets			$	2,577					$	2,437

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ 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=121604090&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration