Revenue and Contract-related Balances (Tables)

6 Months Ended

Jul. 01, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregated Revenues

Disaggregated Revenues

Revenues by type are as follows:

	Three months ended				Six months ended
(In millions)	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Revenues
Consumables	$	4,433	$	4,993	$	8,939	$	11,103
Instruments	1,838		2,010		3,736		3,917
Services	4,416		3,967		8,722		7,768
Consolidated revenues	$	10,687	$	10,970	$	21,397	$	22,788

Revenues by geographic region based on customer location are as follows:

	Three months ended				Six months ended
(In millions)	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Revenues
North America	$	5,714	$	6,032	$	11,492	$	12,355
Europe	2,654		2,551		5,255		5,601
Asia-Pacific	1,902		2,042		3,888		4,106
Other regions	417		345		762		726
Consolidated revenues	$	10,687	$	10,970	$	21,397	$	22,788

Schedule of Contract Asset and Liability Balances

Noncurrent contract assets and noncurrent contract liabilities are included within other assets and other long-term liabilities in the accompanying balance sheet, respectively. Contract asset and liability balances are as follows:

(In millions)	July 1, 2023		December 31, 2022
Current contract assets, net	$	1,467	$	1,312
Noncurrent contract assets, net	6		7
Current contract liabilities	2,590		2,601
Noncurrent contract liabilities	1,098		1,179