Goodwill and Other Intangibles

9 Months Ended

Aug. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill as of August 30, 2024 and December 1, 2023 was $12.81 billion and $12.81 billion, respectively. During the second quarter of fiscal 2024, we completed our annual goodwill impairment test associated with our reporting units and determined there was no impairment of goodwill.

Other intangible assets subject to amortization as of August 30, 2024 and December 1, 2023 were as follows:


(in millions)	2024						2023
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Customer contracts and relationships	$	1,205	$	(713)	$	492	$	1,204	$	(619)	$	585
Purchased technology	877		(664)		213		984		(647)		337
Trademarks	376		(250)		126		376		(217)		159


Other	36		(9)		27		22		(15)		7
Other intangibles, net	$	2,494	$	(1,636)	$	858	$	2,586	$	(1,498)	$	1,088

Amortization expense related to other intangibles was $84 million and $252 million for the three and nine months ended August 30, 2024, respectively. Comparatively, amortization expense related to other intangibles was $92 million and $284 million for the three and nine months ended September 1, 2023, respectively. Of these amounts, $41 million and $125 million were included in cost of revenue for the three and nine months ended August 30, 2024, respectively, and $50 million and $158 million were included in cost of revenue for the three and nine months ended September 1, 2023, respectively.

As of August 30, 2024, the estimated aggregate amortization expense in future periods was as follows:


(in millions)
Fiscal Year	Other Intangibles (1)
Remainder of 2024	$	83
2025	303
2026	151
2027	109
2028	66
Thereafter	126
Total expected amortization expense	$	838

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(1)Excludes capitalized in-process research and development which is considered indefinite lived until the completion or abandonment of the associated research and development efforts.