Contract Assets and Contract Liabilities (Tables)

9 Months Ended

Mar. 29, 2019

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets and Contract Liabilities

Contract assets and contract liabilities are summarized below:

	March 29, 2019			June 29, 2018
	(In millions)
Contract assets	$	881		$	782
Contract liabilities, current	(466		)	(372		)
Contract liabilities, non-current(1)	(12		)	(7		)
Net contract assets	$	403		$	403

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(1) Represents the non-current portion of deferred revenue associated with extended product warranties, which is included as a component of the “Other long-term liabilities” line item in our Condensed Consolidated Balance Sheet (Unaudited).

The components of contract assets are summarized below:

	March 29, 2019			June 29, 2018
	(In millions)
Unbilled contract receivables, gross	$	989		$	881
Progress payments	(108		)	(99		)
	$	881		$	782