L3Harris Technologies Contract With Customer, Asset, Net Of Liability, Current decreased by 41.0% to $706.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 50.1%, from $1.41B to $706.00M. Over 5 years (FY 2021 to FY 2026), Contract With Customer, Asset, Net Of Liability, Current shows relatively stable performance with a 0.5% CAGR.
A positive net asset position indicates revenue recognized ahead of billing, while a net liability position indicates billing ahead of revenue recognition.
This metric represents the net position of contract assets and liabilities related to customer agreements expected to be...
Standard across industries using percentage-of-completion accounting.
other_contract_with_customer_asset_net_of_liability_current| Q2 '21 | Q3 '21 | Q4 '21 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.35B | $1.54B | $1.62B | $1.47B | $1.63B | $1.41B | $1.43B | $1.20B | $1.64B | $1.24B | $1.43B | $997.00M | $1.41B | $1.44B | $1.35B | $1.20B | $706.00M |
| QoQ Change | — | +14.6% | +4.9% | -9.1% | +11.2% | -14.0% | +2.0% | -16.1% | +36.2% | -24.4% | +15.6% | -30.3% | +41.8% | +1.6% | -5.9% | -11.5% | -41.0% |
| YoY Change | — | — | — | -9.1% | — | — | — | -18.2% | +0.2% | -12.0% | -0.2% | -17.1% | -13.6% | +16.2% | -5.5% | +20.0% | -50.1% |