Quarterly report pursuant to Section 13 or 15(d)

Contract Liabilities (Tables)

v3.19.2
Contract Liabilities (Tables)
6 Months Ended
Jun. 29, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
(In Millions)
 
Jun 29,
2019
 
Dec 29,
2018
Prepaid supply agreements
 
$
2,143

 
$
2,587

Other
 
162

 
122

Total contract liabilities
 
$
2,305

 
$
2,709


Contract with Customer, Asset and Liability [Table Text Block]
The following table shows the changes in contract liability balances relating to prepaid supply agreements during the first six months of 2019:
(In Millions)
 
 
Prepaid supply agreements balance as of December 29, 2018
 
$
2,587

Prepaids utilized
 
(444
)
Prepaid supply agreements balance as of June 29, 2019
 
$
2,143