Supplemental Balance Sheet Information
|12 Months Ended|
Dec. 26, 2020
|Balance Sheet Related Disclosures [Abstract]|
|Supplemental Balance Sheet Information||Supplemental Financial Statement Information
As of December 26, 2020, the Company had $400 million of time deposits and $295 million of commercial paper. As of December 28, 2019, the Company had $37 million of commercial paper.
Accounts Receivable, net
As of December 26, 2020 and December 28, 2019, Accounts receivable, net included unbilled accounts receivable of $123 million and $197 million, respectively.
Property and Equipment, net
Depreciation expense for 2020, 2019 and 2018 was $217 million, $142 million and $94 million, respectively.
Other Non-current Assets
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 26, 2020 was $337 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 $174 million of revenue allocated to remaining performance obligations in the next 12 months.
The revenue allocated to remaining performance obligations did not include amounts which have an original expected duration of one year or less.
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