Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Goodwill and Other (Tables)

v3.24.2
Intangible Assets, Goodwill and Other (Tables)
 6 Months Ended
Jun. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class
June 29, 2024 December 30, 2023
Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
(In millions) (In millions)
Developed technology $ 13,390  $ (2,045) $ 11,345  $ 13,390  $ (1,583) $ 11,807 
Customer relationships 12,324  (4,479) 7,845  12,324  (3,755) 8,569 
Customer backlog 809  (809) —  809  (809) — 
Corporate trade name 65  (65) —  65  (65) — 
Product trademarks 914  (186) 728  914  (147) 767 
Identified intangible assets subject to amortization 27,502  (7,584) 19,918  27,502  (6,359) 21,143 
In-process research and development (IPR&D) not subject to amortization
 220  —  220  220  —  220 
Total acquisition-related intangible assets $ 27,722  $ (7,584) $ 20,138  $ 27,722  $ (6,359) $ 21,363 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Based on the carrying value of acquisition-related intangibles recorded as of June 29, 2024, 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 2024
 $ 1,146 
2025 2,145 
2026 2,034 
2027 1,922 
2028 1,846 
2029 and thereafter
 10,825 
Total $ 19,918