Quarterly report pursuant to Section 13 or 15(d)

Contract Liabilities (Tables)

v3.20.1
Contract Liabilities (Tables)
 3 Months Ended
Mar. 28, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
(In Millions)
 
Mar 28,
2020
 
Dec 28,
2019
Prepaid supply agreements
 
$
1,718

 
$
1,805

Other
 
271

 
236

Total contract liabilities
 
$
1,989

 
$
2,041


Contract with Customer, Asset and Liability [Table Text Block]
The following table shows the changes in contract liability balances relating to long-term prepaid supply agreements during the first three months of 2020:
(In Millions)
 
 
Prepaid supply agreements balance as of December 28, 2019
 
$
1,805

Prepayments utilized
 
(87
)
Prepaid supply agreements balance as of March 28, 2020
 
$
1,718