Trade Payables and Other Liabilities

6 Months Ended

Jun. 30, 2025

Subclassifications of assets, liabilities and equities [abstract]


	June 30, 2025		December 31, 2024
Current:
Trade payables	$	389	$	406
Accrued expenses	481		522

Contract liabilities(1)	901		840
Advances and deposits(2)	42		66
Payables for property, plant and equipment and intangible assets	250		161

Other(3)	123		97










Total	$	2,186	$	2,092
Non-current:

Payables for intangible assets	187		193
Contract liabilities(1)	667		744



Other(3)	136		85
Total	$	990	$	1,022

(1)Contract liabilities comprise contractual obligations for payments received in advance of the satisfaction of performance obligations for wafers, as well as NRE services.

(2)Advances and deposits include advances from customers of $22 million (2024: $36 million) collected for purchase orders.

(3)Other includes other financial liabilities, due from related parties, deferred tax liabilities and non-current advances and deposits.

The following table presents the activities in contract liabilities as of June 30, 2025 and December 31, 2024


	June 30, 2025		December 31, 2024
Beginning contract liabilities balance	$	1,584	$	1,983
Cash receipts in advance of satisfaction of performance obligations	469		381
Released to the consolidated statements of operations	(471)		(749)

Other(1)	(14)		(31)
Ending contract liabilities balance	$	1,568	$	1,584

Current	$	901	$	840
Non-current	667		744
Total	$	1,568	$	1,584

(1)Includes $14 million and $18 million primarily due to the unbilled accounts receivable balance applied against the related contract liabilities for a certain customer's non-recurring engineering arrangement as of June 30, 2025 and December 31, 2024, respectively.

GLOBALFOUNDRIES Inc. 6-K