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Goodwill and Acquired Intangible Assets, Net | 6 Months Ended
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Aug. 02, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Acquired Intangible Assets, Net | Goodwill and Acquired Intangible Assets, Net Goodwill Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. The carrying value of goodwill as of August 2, 2025 and February 1, 2025 was $11.1 billion and $11.6 billion, respectively. In connection with the definitive agreement entered into on April 7, 2025, the Company reclassified $524.7 million of goodwill to assets held for sale based on the relative fair value of the automotive ethernet business. See “Note 1 – Basis of Presentation” for discussion of the automotive ethernet business divestiture. Acquired Intangible Assets, Net As of August 2, 2025 and February 1, 2025, net carrying amounts excluding fully amortized intangible assets are as follows (in millions, except for weighted-average remaining amortization period):
| August 2, 2025
| Gross Carrying Amounts |  | Accumulated Amortization and Impairment |  | Net Carrying Amounts |  | Weighted-Average Remaining Amortization Period (Years)
Developed technologies | $ | 4,722.0 |  |  | $ | (3,362.8) |  |  | $ | 1,359.2 |  |  | 3.4
Customer contracts and related relationships | 2,039.0 |  |  | (1,520.2) |  |  | 518.8 |  |  | 1.9
Trade names | 50.0 |  |  | (42.8) |  |  | 7.2 |  |  | 0.7
Total acquired amortizable intangible assets | $ | 6,811.0 |  |  | $ | (4,925.8) |  |  | $ | 1,885.2 |  |  | 3.0
In-process research and development | 322.0 |  |  | — |  |  | 322.0 |  |  | n/a
Total acquired intangible assets | $ | 7,133.0 |  |  | $ | (4,925.8) |  |  | $ | 2,207.2 |  |  |
| February 1, 2025
| Gross Carrying Amounts |  | Accumulated Amortization and Impairment |  | Net Carrying Amounts |  | Weighted-Average Remaining Amortization Period (Years)
Developed technologies | $ | 5,162.0 |  |  | $ | (3,466.1) |  |  | $ | 1,695.9 |  |  | 3.6
Customer contracts and related relationships | 2,039.0 |  |  | (1,372.5) |  |  | 666.5 |  |  | 2.4
Trade names | 50.0 |  |  | (37.8) |  |  | 12.2 |  |  | 1.2
Total acquired amortizable intangible assets | $ | 7,251.0 |  |  | $ | (4,876.4) |  |  | $ | 2,374.6 |  |  | 3.3
In-process research and development | 336.0 |  |  | — |  |  | 336.0 |  |  | n/a
Total acquired intangible assets | $ | 7,587.0 |  |  | $ | (4,876.4) |  |  | $ | 2,710.6 |  |  |
The Company regularly assesses the results of its business to determine whether events or circumstances exist that indicate whether the carrying amount of the acquired intangible assets may not be recoverable. During fiscal 2025, impairment charges of $240.1 million related to certain acquired developed technologies intangible assets were recognized as part of restructuring actions. The gross carrying amounts and accumulated amortization of fully impaired intangible assets were excluded from the table above. See “Note 7 – Restructuring” for further information. The intangible assets are amortized on a straight-line basis over the estimated useful lives, except for certain customer contracts and related relationships, which are amortized using an accelerated method of amortization over the expected customer lives, which more closely align with the pattern of realization of economic benefits expected to be obtained. The in-process research and development (“IPR&D”) will be accounted for as an indefinite-lived intangible asset and will not be amortized until the underlying project reaches technological feasibility and commercial production, at which point, the IPR&D is reclassified as an amortizable acquired intangible asset and amortized over the asset’s estimated useful life. Useful lives for these IPR&D projects are expected to range between 8 to 9 years. In the event the IPR&D is abandoned, the related assets will be written off. Amortization expense for acquired intangible assets for the three and six months ended August 2, 2025 was $243.7 million and $489.4 million, respectively. Amortization expense for acquired intangible assets for the three and six months ended August 3, 2024 was $275.7 million and $540.6 million, respectively. The following table presents the estimated future amortization expense of acquired amortizable intangible assets as of August 2, 2025 (in millions):
Fiscal Year |  | Amount
Remainder of 2026 |  | $ | 452.3 |
2027 |  | 811.3 |
2028 |  | 282.1 |
2029 |  | 129.0 |
2030 |  | 106.8 |
Thereafter |  | 103.7 |
|  | $ | 1,885.2 |

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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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