Supplemental Balance Sheet Information
|12 Months Ended|
Dec. 28, 2019
|Balance Sheet Related Disclosures [Abstract]|
|Supplemental Balance Sheet Information||Supplemental Balance Sheet Information
Accounts Receivable, net
As of December 28, 2019 and December 29, 2018, Accounts receivable, net included unbilled accounts receivable of $197 million and $308 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 receivables are expected to be billed and collected within 12 months.
Property and Equipment, net
Depreciation expense for 2019, 2018 and 2017 was $142 million, $94 million and $77 million, respectively.
During 2018, the Company recorded an impairment charge in Cost of sales of $45 million on technology licenses that are no longer being used.
Other Current Liabilities
Unearned revenue represents consideration received or due from customers in advance of the Company satisfying its performance obligations. The unearned revenue is associated with any combination of development services, IP licensing and product revenue. Changes in unearned revenue were as follows:
Revenue allocated to remaining performance obligations that are unsatisfied (or partially unsatisfied) as of December 28, 2019 is $456 million, which may include amounts received from customer 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 $188 million in the next 12 months.
The revenue allocated to remaining performance obligations did not include amounts which have an original expected duration of less than one year.
The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef