XML 27 R9.htm IDEA: XBRL DOCUMENT v3.20.2
Supplemental Balance Sheet Information
 6 Months Ended
Jun. 27, 2020
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Information Supplemental Balance Sheet Information
Accounts Receivable, net
As of June 27, 2020 and December 28, 2019, Accounts receivable, net included unbilled accounts receivable of $222 million and $197 million, respectively. Unbilled receivables primarily represent work completed on semi-custom products under non-cancellable purchase orders that have no alternative use to the Company at contract inception, for which revenue has been recognized but not yet invoiced to customers. All unbilled accounts receivable are expected to be billed and collected within twelve months.
Inventories
June 27,
2020		December 28,
2019
 (In millions)
Raw materials$102  $94  
Work in process936  691  
Finished goods286  197  
Total inventories$1,324  $982  
Property and Equipment, net
June 27,
2020		December 28,
2019
 (In millions)
Leasehold improvements$201  $203  
Equipment1,073  951  
Construction in progress148  114  
Property and equipment, gross1,422  1,268  
Accumulated depreciation(837) (768) 
Total property and equipment, net$585  $500  
Other Non-Current Assets
June 27,
2020		December 28,
2019
(In millions)
Software technology and licenses, net$174  $210  
Other152  169  
Total other non-current assets$326  $379  
Accrued Liabilities
June 27,
2020		December 28,
2019
 (In millions)
Accrued compensation and benefits$260  $285  
Marketing programs and advertising expenses603  454  
Other309  345  
Total accrued liabilities$1,172  $1,084  
Remaining Performance Obligations
Revenue allocated to remaining performance obligations that are unsatisfied (or partially unsatisfied) as of June 27, 2020 is $417 million, which may include amounts received from customers but not yet earned and amounts that will be invoiced and recognized as revenue in future periods associated with any combination of development services, IP licensing and product revenue. The Company expects to recognize $180 million of such amounts as revenue in the next 12 months.
The revenue allocated to remaining performance obligations does not include amounts which have an original expected contractual duration of one year or less.