CONTRACT ASSETS AND CONTRACT LIABILITIES (Details) - USD ($) $ in Millions |
Jun. 30, 2023 |
Dec. 30, 2022 |
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Revenue from Contract with Customer [Abstract] | ||
Contract assets | $ 3,164 | $ 2,987 |
Contract liabilities, current | (1,648) | (1,400) |
Contract liabilities, non-current | (111) | (117) |
Net contract assets | 1,405 | 1,470 |
Components of Contract Assets: | ||
Unbilled contract receivables, gross | 5,034 | 4,629 |
Unliquidated progress payments and advances | (1,870) | (1,642) |
Contract assets | $ 3,164 | $ 2,987 |
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- Definition Contract With Customer, Asset, Net Of Liability, Current No definition available.
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- Definition Unbilled Receivables, Progress Payments No definition available.
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- Definition Amount, after allowance for credit loss, of right to consideration in exchange for good or service transferred to customer when right is conditioned on something other than passage of time, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as current. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount received for services rendered and products shipped, but not yet billed, for non-contractual agreements due within one year or the normal operating cycle, if longer. No definition available.
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