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Goodwill and Other Intangibles

12 Months Ended

Nov. 29, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES 

Goodwill by reportable segment and activity was as follows:

(in millions)			Digital Media						Digital Experience						Publishing and Advertising						Total Goodwill
Balances at December 2, 2022			$	3,889					$	8,500					$	398					$	12,787
Foreign currency translation			1						17						—						18
Balances at December 1, 2023			$	3,890					$	8,517					$	398					$	12,805
Foreign currency translation			(1)						(16)						—						(17)
Balances at November 29, 2024			$	3,889					$	8,501					$	398					$	12,788

During the second quarter of fiscal 2024, we completed our annual goodwill impairment test associated with our reporting units and, based on the qualitative assessment, determined there was no impairment of goodwill. We did not identify any events or changes in circumstances since the performance of our annual goodwill impairment test that would require us to perform another goodwill impairment test during the fiscal year.

Other intangibles, net, as of November 29, 2024 and December 1, 2023 were as follows: 

(dollars in millions)			2024																								2023
			Gross Carrying Amount						Accumulated Amortization						Net						Weighted Average Useful Life (years)						Gross Carrying Amount						Accumulated Amortization						Net
Customer contracts and relationships			$	1,203					$	(742)					$	461					10						$	1,204					$	(619)					$	585
Purchased technology			877						(704)						173						6						984						(647)						337
Trademarks			372						(258)						114						9						376						(217)						159
Other			42						(8)						34						6						22						(15)						7
Other intangibles, net			$	2,494					$	(1,712)					$	782											$	2,586					$	(1,498)					$	1,088

Amortization expense related to other intangibles was $336 million, $375 million and $405 million for fiscal 2024, 2023 and 2022 respectively. Of these amounts, $167 million, $207 million and $236 million was included in cost of sales for fiscal 2024, 2023 and 2022 respectively. We did not recognize any intangible asset impairment charges for all periods presented.

Other intangibles are amortized over their estimated useful lives of 3 to 14 years. As of November 29, 2024, the estimated aggregate amortization expense for each of the five succeeding fiscal years was as follows:

(in millions)
Fiscal Year						Other Intangibles
2025						$	309
2026						158
2027						116
2028						71
2029						67
Thereafter						61
Total expected amortization expense						$	782

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- References

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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

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