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Goodwill and Other Intangibles | 6 Months Ended
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Jul. 03, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | 5 Goodwill and Other Intangibles The carrying amount of goodwill was $440 million and $444 million at July 3, 2021 and December 31, 2020, respectively. The effect of foreign currency translation decreased goodwill by $4 million. The Company’s intangible assets included in the consolidated balance sheets are detailed as follows (dollars in thousands):
|  | July 3, 2021 |  |  | December 31, 2020 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted- Average Amortization Period |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted- Average Amortization Period |
Capitalized software |  | $ | 578,641 |  |  | $ | 418,409 |  |  |  | 5 |  |  |  | years |  |  | $ | 584,452 |  |  | $ | 409,847 |  |  |  | 5 |  |  |  | years |
Purchased intangibles |  |  | 203,421 |  |  |  | 162,312 |  |  |  | 11 |  |  |  | years |  |  |  | 205,585 |  |  |  | 160,342 |  |  |  | 11 |  |  |  | years |
Trademarks |  |  | 9,680 |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  | 9,680 |  |  |  | — |  |  |  | — |  |  |  |  |
Licenses |  |  | 12,882 |  |  |  | 5,803 |  |  |  | 7 |  |  |  | years |  |  |  | 5,923 |  |  |  | 5,697 |  |  |  | 6 |  |  |  | years |
Patents and other intangibles |  |  | 94,043 |  |  |  | 65,307 |  |  |  | 8 |  |  |  | years |  |  |  | 90,699 |  |  |  | 61,808 |  |  |  | 8 |  |  |  | years |
Total |  | $ | 898,667 |  |  | $ | 651,831 |  |  |  | 7 |  |  |  | years |  |  | $ | 896,339 |  |  | $ | 637,694 |  |  |  | 7 |  |  |  | years |
In June 2021, the Company paid $7 million in connection with an existing licensing arrangement. The payment was tied to the commercial launch of Waters ™ SELECT SERIES ™ MRT, a high-resolution mass spectrometer and was capitalized as an intangible asset on our consolidated balance sheet as of July 3, 2021. The gross carrying value of intangible assets and accumulated amortization for intangible assets decreased by $ 21 million and $ 15 million, respectively, in the six months ended July 3 , 2021 due to the effects of foreign currency translation. Amortization expense for intangible assets was $ 15 million and $ 14 million for the three months ended July 3 , 2021 and June 27 , 2020 , respectively. Amortization expense for intangible assets was $ 30 million and $ 27 million for the six months ended July 3 , 2021 and June 27 , 2020 , respectively. Amortization expense for intangible assets is estimated to be $ 62 million per year for each of the next five years.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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