Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Goodwill and Other

v3.22.1
Intangible Assets, Goodwill and Other
 3 Months Ended
Mar. 26, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure Acquisition-related Intangible Assets and Goodwill
Acquisition-related Intangible Assets
Acquisition-related intangibles as of March 26, 2022 were as follows:
Weighted-average Remaining Useful Life (In years) March 26, 2022
Gross Carrying Amount Accumulated Amortization Net Carrying Amount
(In millions)
Developed technology 16 years $ 12,295  $ (95) $ 12,200 
Customer relationships 14 years 12,290  (277) 12,013 
Customer backlog 1 year 793  (91) 702 
Corporate trade name 1 year 65  (7) 58 
Product trademarks 12 years 895  (9) 886 
Identified intangible assets subject to amortization 26,338  (479) 25,859 
IPR&D not subject to amortization N/A 973  —  973 
Total acquisition-related intangible assets $ 27,311  $ (479) $ 26,832 
Acquisition-related intangible asset balance as of March 27, 2021 was not material.
Acquisition-related intangible amortization expense was $479 million for the three months ended March 26, 2022.
Based on the carrying value of acquisition-related intangibles recorded as of March 26, 2022, 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 2022 $ 3,000 
2023 2,780 
2024 2,260 
2025 2,040 
2026 1,941 
2027 and thereafter 13,838 
Total $ 25,859 
Goodwill
The carrying amount of goodwill as of March 26, 2022 and March 27, 2021 was $23.1 billion and $289 million, respectively, and was allocated to reporting units within the following operating segments:
March 26,
2022		 December 26,
2021
  (In millions)
Enterprise, Embedded and Semi-custom $ 289  $ 289 
Xilinx 22,794  — 
Total $ 23,083  $ 289