Supplemental Balance Sheet Information
|3 Months Ended|
Mar. 28, 2020
|Balance Sheet Related Disclosures [Abstract]|
|Supplemental Balance Sheet Information||Supplemental Balance Sheet Information
Accounts Receivable, net
As of March 28, 2020 and December 28, 2019, Accounts receivable, net included unbilled accounts receivable of $188 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.
Property and Equipment, net
Remaining Performance Obligations
Revenue allocated to remaining performance obligations that are unsatisfied (or partially unsatisfied) as of March 28, 2020 is $484 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 $211 million of such amounts as revenue in the next 12 months.
The revenue allocated to remaining performance obligations did not include amounts which have an original expected contractual 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