Quarterly report pursuant to Section 13 or 15(d)

Contract Liabilities (Tables)

v3.21.1
Contract Liabilities (Tables)
3 Months Ended
Mar. 27, 2021
Revenue from Contract with Customer [Abstract]  
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 2021:
(In Millions)
Prepaid supply agreements balance as of December 26, 2020 $ 1,625 
Concession payment (950)
Prepaids utilized (616)
Prepaid supply agreements balance as of March 27, 2021 $ 59