Annual report pursuant to Section 13 and 15(d)

Supplemental Balance Sheet Information

v3.25.0.1
Supplemental Balance Sheet Information
 12 Months Ended
Dec. 28, 2024
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Information Supplemental Financial Statement Information
Inventories
 December 28,
2024		 December 30,
2023
  (In millions)
Raw materials $ 351  $ 279 
Work in process 4,289  3,260 
Finished goods 1,094  812 
Total inventories $ 5,734  $ 4,351 
Prepaid Expenses and Other Current Assets
 December 28,
2024		 December 30,
2023
(In millions)
Unbilled receivables
 $ 628  $ 1,053 
Other
 1,250  1,259 
Total prepaid expenses and other current assets
 $ 1,878  $ 2,312 
Property and Equipment, net
 December 28,
2024		 December 30,
2023
  (In millions)
Land, building and leasehold improvements
 $ 853  $ 821 
Equipment 2,798  2,346 
Construction in progress 324  209 
Property and equipment, gross 3,975  3,376 
Accumulated depreciation (2,173) (1,787)
Total property and equipment, net $ 1,802  $ 1,589 
Depreciation expense for 2024, 2023 and 2022 was $454 million, $441 million and $439 million, respectively.
Accrued Liabilities
 December 28,
2024		 December 30,
2023
  (In millions)
Accrued marketing programs $ 1,063  $ 827 
Accrued compensation and benefits 1,174  884 
Customer-related liabilities
 1,349  788 
Other accrued and current liabilities 674  583 
Total accrued liabilities $ 4,260  $ 3,082 
Revenue
Revenue allocated to remaining performance obligations that are unsatisfied (or partially unsatisfied) include amounts received from customers and amounts that will be invoiced and recognized as revenue in future periods for development services, IP licensing and product revenue. As of December 28, 2024, the aggregate transaction price allocated to remaining performance obligations under contracts with an original expected duration of more than one year was $85 million, of which $67 million is expected to be recognized in the next 12 months. The revenue allocated to remaining performance obligations does not include amounts which have an original expected duration of one year or less.
Revenue recognized over time associated with custom products and development services accounted for approximately 8%, 25% and 24% of the Company’s revenue in 2024, 2023 and 2022, respectively.