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Goodwill and Acquisition-related Intangibles, net | 6 Months Ended
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Jun. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Acquisition-related Intangibles, net | Goodwill and Acquisition-related Intangibles, net Goodwill In the first quarter of fiscal year 2025, the Company assigned goodwill to its updated reporting units to reflect the change 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 following table summarizes Goodwill:
|  |  |  |  | Before segment change |  | After segment change |  |
(in millions) | Data Center |  | Embedded |  | Client |  | Gaming |  | Client and Gaming |  | Total
December 28, 2024 | $ | 3,403 |  |  | $ | 21,072 |  |  | $ | 126 |  |  | $ | 238 |  |  | $ | — |  |  | $ | 24,839 |
Reassignment due to segment change | — |  |  | — |  |  | (126) |  |  | (238) |  |  | 364 |  |  | — |
Acquisitions | 244 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 244 |
June 28, 2025 | $ | 3,647 |  |  | $ | 21,072 |  |  | $ | — |  |  | $ | — |  |  | $ | 364 |  |  | $ | 25,083 |
Acquisition-related Intangibles, net The following table summarizes Acquisition-related Intangibles Assets:
| June 28, 2025 |  | December 28, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
| (In millions) |  | (In millions)
Developed technology | $ | 13,587 |  |  | $ | (3,040) |  |  | $ | 10,547 |  |  | $ | 13,408 |  |  | $ | (2,529) |  |  | $ | 10,879 |
Customer relationships | 12,324 |  |  | (5,708) |  |  | 6,616 |  |  | 12,324 |  |  | (5,124) |  |  | 7,200 |
Product trademarks | 914 |  |  | (265) |  |  | 649 |  |  | 914 |  |  | (225) |  |  | 689 |
Acquisition-related intangible assets subject to amortization | 26,825 |  |  | (9,013) |  |  | 17,812 |  |  | 26,646 |  |  | (7,878) |  |  | 18,768 |
In-process research and development (IPR&D) not subject to amortization | — |  |  | — |  |  | — |  |  | 162 |  |  | — |  |  | 162 |
Total acquisition-related intangible assets, net | $ | 26,825 |  |  | $ | (9,013) |  |  | $ | 17,812 |  |  | $ | 26,808 |  |  | $ | (7,878) |  |  | $ | 18,930 |
In April 2025, $162 million of IPR&D intangible asset reached technological feasibility, was placed in service as developed technology and started amortization over its estimated useful life of 5 years. Acquisition-related intangible amortization expense was $568 million and $1.1 billion for the three and six months ended June 28, 2025, respectively, and $603 million and $1.2 billion for the three and six months ended June 29, 2024, respectively. Based on the carrying value of acquisition-related intangibles recorded as of June 28, 2025, 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 2025 | $ | 1,119 |
2026 | 2,149 |
2027 | 2,031 |
2028 | 1,919 |
2029 | 1,691 |
2030 and thereafter | 8,903 |
Total | $ | 17,812 |

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- 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
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