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CHANGES IN ESTIMATES | 9 Months Ended
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Sep. 27, 2024
Change in Accounting Estimate [Abstract] |
CHANGES IN ESTIMATES | NOTE L: CHANGES IN ESTIMATES Many of our contracts utilize the POC cost-to-cost method of revenue recognition. A single estimated profit margin is used to recognize profit for each performance obligation over its period of performance. At the outset of each contract, we gauge its complexity and associated risks and establish an estimated total cost at completion. Due to the long-term nature of many of these contracts, developing these estimates often requires judgment. After establishing the estimated total cost at completion, we follow a standard estimate at completion (“EAC”) process in which we review the progress and performance on our ongoing contracts. As the contracts progress, we may successfully retire risks or complexities and may add additional risks, and we adjust our estimated total cost at completion. For additional discussion of our revenue recognition policies and our EAC process, see “Critical Accounting Estimates” in Part II. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations in our Fiscal 2023 Form 10-K. Net EAC adjustments had the following impact to earnings for the periods presented:
| Quarter Ended |  | Three Quarters Ended
(In millions, except per share amounts) | September 27, 2024 |  | September 29, 2023 |  | September 27, 2024 |  | September 29, 2023
Net EAC adjustments, before income taxes | $ | — |  |  | $ | (10) |  |  | $ | 19 |  |  | $ | (97) |
Net EAC adjustments, net of income taxes | — |  |  | (8) |  |  | 15 |  |  | (73) |
Net EAC adjustments, net of income taxes, per diluted share | — |  |  | (0.04) |  |  | 0.08 |  |  | (0.38) |
Revenue recognized from performance obligations satisfied in prior periods was $48 million and $135 million for the quarter and three quarters ended September 27, 2024, respectively, and $28 million and $97 million for the quarter and three quarters ended September 29, 2023, respectively.

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