Quarterly report pursuant to Section 13 or 15(d)

Supplemental Balance Sheet Information

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 process 936    691   
Finished goods 286    197   
Total inventories $ 1,324    $ 982   
Property and Equipment, net
June 27,
2020		 December 28,
2019
  (In millions)
Leasehold improvements $ 201    $ 203   
Equipment 1,073    951   
Construction in progress 148    114   
Property and equipment, gross 1,422    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   
Other 152    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 expenses 603    454   
Other 309    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.