Annual report pursuant to Section 13 and 15(d)

Contract Liabilities (Tables)

v3.20.4
Contract Liabilities (Tables)
12 Months Ended
Dec. 26, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
(In Millions) Dec 26, 2020 Dec 28, 2019
Prepaid supply agreements
$ 1,625  $ 1,805 
Other 250  236 
Total contract liabilities $ 1,875  $ 2,041 
Contract with Customer, Asset and Liability
The following table shows the changes in contract liability balances relating to long-term prepaid supply agreements during 2020:
(In Millions)
Prepaid supply agreements balance as of December 28, 2019 $ 1,805 
Additions 70 
Prepaids utilized (250)
Prepaid supply agreements balance as of December 26, 2020 $ 1,625