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Goodwill and Other Intangibles | 3 Months Ended
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Apr. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | 5 Goodwill and Other Intangibles The carrying amount of goodwill was $432 million and $430 million at April 1, 2023 and December 31, 2022, respectively. The effect of foreign currency translation increased goodwill by $2 million. The Company’s intangible assets included in the consolidated balance sheets are detailed as follows (dollars in thousands):
|  | April 1, 2023 |  |  | December 31, 2022 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted- Average Amortization Period |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted- Average Amortization Period |
Capitalized software |  | $ | 610,668 |  |  | $ | 455,952 |  |  |  | 5years |  |  | $ | 589,604 |  |  | $ | 441,414 |  |  |  | 5years |
Purchased intangibles |  |  | 198,395 |  |  |  | 168,787 |  |  |  | 11years |  |  |  | 197,805 |  |  |  | 166,735 |  |  |  | 11years |
Trademarks |  |  | 9,680 |  |  |  | — |  |  |  | — |  |  |  | 9,680 |  |  |  | — |  |  |  | — |
Licenses |  |  | 14,339 |  |  |  | 7,186 |  |  |  | 6years |  |  |  | 14,070 |  |  |  | 6,729 |  |  |  | 6years |
Patents and other intangibles |  |  | 106,660 |  |  |  | 75,102 |  |  |  | 8years |  |  |  | 104,139 |  |  |  | 73,021 |  |  |  | 8years |
Total |  | $ | 939,742 |  |  | $ | 707,027 |  |  |  | 7years |  |  | $ | 915,298 |  |  | $ | 687,899 |  |  |  | 7years |
The Company capitalized $14 million and $12 million of intangible assets in the three months ended April 1, 2023 and April 2, 2022, respectively. The gross carrying value of intangible assets and accumulated amortization for intangible assets increased by $ 10 million and $8 million, respectively, in the three months ended April 1, 2023 due to the effects of foreign currency translation. Amortization expense for intangible assets was $ 12 million and $15 million for the three months ended April 1, 2023 and April 2, 2022, respectively. Amortization expense for intangible assets is estimated to be $49 million per year for each of the next five years.

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- References No definition available. + Details
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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 https://asc.fasb.org/topic&trid=2144416 + Details
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