Business Combinations and Asset Acquisitions (Tables)
|12 Months Ended
Dec. 31, 2022
|Business Combination and Asset Acquisition [Abstract]
|Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Based on the carrying value of acquisition-related intangibles recorded as of December 31, 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:
|Schedule of Goodwill
In the second quarter of fiscal year 2022, the Company reassigned goodwill balances among the updated reportable segments to reflect changes in its segment reporting structure. The Company performed a goodwill impairment test immediately prior to and after the segment change and determined that no indicators of impairment to goodwill existed.
The carrying amount of goodwill as of December 31, 2022 and December 25, 2021 was $24.2 billion and $289 million, respectively, and was assigned to reporting units within the following reportable segments:
During the fourth quarter of fiscal years 2022 and 2021, the Company conducted its annual impairment tests of goodwill and concluded that there was no goodwill impairment with respect to its reporting units.
Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef