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SUPPLEMENTAL BALANCE SHEET INFORMATION

9 Months Ended

Sep. 25, 2021

Supplemental Balance Sheet Information [Abstract]

The composition of trade receivables and contract assets, net is as follows:


	September 25, 2021		December 26, 2020
	(in thousands)
Client receivables	$	491,481	$	489,042
Unbilled revenue	175,995		135,400
Total	667,476		624,442
Less: Allowance for doubtful accounts	(7,024)		(6,702)
Trade receivables and contract assets, net	$	660,452	$	617,740

The composition of inventories is as follows:


	September 25, 2021		December 26, 2020
	(in thousands)
Raw materials and supplies	$	31,352	$	28,317
Work in process	28,340		36,755
Finished products	122,002		120,623
Inventories	$	181,694	$	185,695

The composition of other current assets is as follows:


	September 25, 2021		December 26, 2020
	(in thousands)
Prepaid income tax	$	101,964	$	68,462
Short-term investments	1,030		1,024
Restricted cash	4,275		3,074
Assets held for sale	139,559		—
Other current assets	$	246,828	$	72,560

Assets held for sale relate to two divestitures that occurred on October 12, 2021. All assets related to the divestitures were reclassified to Assets held for sale within Other current assets as of September 25, 2021. Refer to Note 18 “Subsequent Events” for additional information.

The composition of other assets is as follows:


	September 25, 2021		December 26, 2020
	(in thousands)
Venture capital investments	$	157,842	$	197,100
Strategic equity investments	43,353		24,704
Life insurance policies	49,167		43,827
Other long-term income tax assets	22,642		23,485
Restricted cash	1,079		1,621
Long-term pension assets	31,479		31,915
Other	35,883		29,974
Other assets	$	341,445	$	352,626

The composition of other current liabilities is as follows:


	September 25, 2021		December 26, 2020
	(in thousands)
Current portion of operating lease right-of-use liabilities	$	31,731	$	24,674
Accrued income taxes	38,253		24,884
Customer contract deposits	48,533		42,244
Liabilities held for sale	34,350		—
Other	11,130		10,675
Other current liabilities	$	163,997	$	102,477

Liabilities held for sale relate to two divestitures that occurred on October 12, 2021. All liabilities related to the divestitures were reclassified to Liabilities held for sale within Other current liabilities as of September 25, 2021. Refer to Note 18 “Subsequent Events” for additional information.

The composition of other long-term liabilities is as follows:


	September 25, 2021		December 26, 2020
	(in thousands)
U.S. Transition Tax	$	43,057	$	48,781
Long-term pension liability, accrued executive supplemental life insurance retirement plan and deferred compensation plan	75,059		74,233
Long-term deferred revenue	18,505		19,475
Other	77,637		62,726
Other long-term liabilities	$	214,258	$	205,215