Quarterly report pursuant to Section 13 or 15(d)

Contract Liabilities (Tables)

v3.20.2
Contract Liabilities (Tables)
 6 Months Ended
Jun. 27, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
(In Millions) Jun 27, 2020 Dec 28, 2019
Prepaid supply agreements $ 1,644    $ 1,805   
Other 279    236   
Total contract liabilities $ 1,923    $ 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 six months of 2020:
(In Millions)
Prepaid supply agreements balance as of December 28, 2019 $ 1,805   
Prepayments utilized (161)  
Prepaid supply agreements balance as of June 27, 2020 $ 1,644