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REVENUE
3 Months Ended
Jun. 27, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE 
Contract Balances
A contract asset is recognized when the Company has recognized revenue, but not issued an invoice for payment. Contract assets are classified separately on the condensed consolidated balance sheets and transferred to receivables when rights to payment become unconditional and invoiced.
A contract liability is recognized when the Company receives payments in advance of the satisfaction of performance. Contract liabilities, identified as deferred revenue, were $450 million and $377 million as of June 27, 2025 and March 31, 2025,
respectively, of which $406 million and $347 million, respectively, is included in deferred revenue and customer working capital advances under current liabilities.
Disaggregation of Revenue
The following table presents the Company’s revenue disaggregated based on timing of transfer, point in time or over time:
Three-Month Periods Ended
June 27, 2025June 28, 2024
Timing of Transfer(In millions)
FAS
Point in time$2,895 $2,873 
Over time796 492 
Total 3,691 3,365 
FRS
Point in time1,859 2,633 
Over time1,025 316 
Total 2,884 2,949 
Flex
Point in time4,754 5,506 
Over time1,821 808 
Total $6,575 $6,314