XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Intangible Assets, Goodwill and Other | 3 Months Ended
--- | ---
Mar. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure | Acquisition-related Intangible Assets Acquisition-related intangibles were as follows:
| March 30, 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 |  |  | $ | (1,815) |  |  | $ | 11,575 |  |  | $ | 13,390 |  |  | $ | (1,583) |  |  | $ | 11,807 |
Customer relationships | 12,324 |  |  | (4,127) |  |  | 8,197 |  |  | 12,324 |  |  | (3,755) |  |  | 8,569 |
Customer backlog | 809 |  |  | (809) |  |  | — |  |  | 809 |  |  | (809) |  |  | — |
Corporate trade name | 65 |  |  | (65) |  |  | — |  |  | 65 |  |  | (65) |  |  | — |
Product trademarks | 914 |  |  | (165) |  |  | 749 |  |  | 914 |  |  | (147) |  |  | 767 |
Identified intangible assets subject to amortization | 27,502 |  |  | (6,981) |  |  | 20,521 |  |  | 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 |  |  | $ | (6,981) |  |  | $ | 20,741 |  |  | $ | 27,722 |  |  | $ | (6,359) |  |  | $ | 21,363 |
Developed technology and customer relationships were acquired primarily from the Xilinx acquisition on February 14, 2022. Acquisition-related intangible amortization expense was $622 million and $823 million for the three months ended March 30, 2024 and April 1, 2023, respectively. Based on the carrying value of acquisition-related intangibles recorded as of March 30, 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 | $ | 1,749 |
2025 | 2,145 |
2026 | 2,034 |
2027 | 1,922 |
2028 | 1,846 |
2029 and thereafter | 10,825 |
Total | $ | 20,521 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration