Revenue

6 Months Ended

Jun. 27, 2020

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Note 3. Revenue

Disaggregated Revenue

Revenue by type is as follows:

	Three Months Ended				Six Months Ended
	June 27,		June 29,		June 27,		June 29,
(In millions)	2020		2019		2020		2019
Revenues
Consumables	3,879		3,268		$	7,258	$	6,498
Instruments	1,371		1,559		2,622		3,049
Services	1,667		1,489		3,267		2,894
Consolidated revenues	$	6,917	$	6,316	$	13,147	$	12,441

Revenue by geographic region is as follows:

	Three Months Ended				Six Months Ended
	June 27,		June 29,		June 27,		June 29,
(In millions)	2020		2019		2020		2019
Revenues (a)
North America	$	3,544	$	3,230	$	6,831	$	6,289
Europe	1,783		1,536		3,432		3,055
Asia-Pacific	1,329		1,368		2,447		2,731
Other regions	261		182		437		366
Consolidated revenues	$	6,917	$	6,316	$	13,147	$	12,441

(a)Revenues are attributed to regions based on customer location.

Each reportable segment earns revenues from consumables, instruments and services in North America, Europe, Asia-Pacific and other regions. See Note 4 for revenue by reportable segment and other geographic data.

Remaining Performance Obligations

The aggregate amount of the transaction price allocated to the remaining performance obligations for all open customer contracts as of June 27, 2020 was $9.99 billion. The company will recognize revenue for these performance obligations as they are satisfied, approximately 69% of which is expected to occur within the next twelve months.