Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Goodwill and Other (Tables)

v3.23.3
Intangible Assets, Goodwill and Other (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class
September 30, 2023 December 31, 2022
Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
(In millions) (In millions)
Developed technology $ 12,372  $ (1,368) $ 11,004  $ 12,360  $ (738) $ 11,622 
Customer relationships 12,324  (3,355) 8,969  12,324  (1,973) 10,351 
Customer backlog 809  (809) —  809  (712) 97 
Corporate trade name 65  (65) —  65  (57) 8 
Product trademarks 914  (127) 787  914  (68) 846 
Identified intangible assets subject to amortization 26,484  (5,724) 20,760  26,472  (3,548) 22,924 
IPR&D not subject to amortization 1,190  —  1,190  1,194  —  1,194 
Total acquisition-related intangible assets $ 27,674  $ (5,724) $ 21,950  $ 27,666  $ (3,548) $ 24,118 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Based on the carrying value of acquisition-related intangibles recorded as of September 30, 2023, and assuming no subsequent impairment of the underlying assets, the estimated annual amortization expense for acquisition-related intangibles is expected to be as follows:
Fiscal Year (In millions)
Remainder of 2023 $ 630 
2024 2,290 
2025 2,065 
2026 1,954 
2027 1,844 
2028 and thereafter 11,977 
Total $ 20,760