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INTANGIBLE ASSETS | 6 Months Ended
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Jan. 03, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | NOTE 11: INTANGIBLE ASSETS The most significant identifiable intangible asset that is separately recognized for our business combinations is customer relationships. Our customer relationships are established through written customer contracts (revenue arrangements). The fair value for customer relationships is determined, as of the date of acquisition, based on estimates and judgments regarding expectations for the estimated future after-tax earnings and cash flows arising from the follow-on sales expected from the customer relationships over the estimated lives, including the probability of expected future contract renewals and sales, less a contributory assets charge, all of which is discounted to present value. We assess the recoverability of the carrying value of our finite-lived intangible assets whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable. We assess the recoverability of the carrying value of indefinite-lived intangible assets annually, or under certain circumstances more frequently, such as when events and circumstances indicate there may be an impairment. Intangible assets are summarized below:
| January 3, 2020
| Gross Carrying Amount |  | Accumulated Amortization |  | Net
| (In millions)
Customer relationships | $ | 6,518 |  |  | $ | 653 |  |  | $ | 5,865 |
Developed technologies | 768 |  |  | 183 |  |  | 585 |
Trade names | 165 |  |  | 35 |  |  | 130 |
Other | 10 |  |  | 4 |  |  | 6 |
Total intangible assets subject to amortization | 7,461 |  |  | 875 |  |  | 6,586 |
IPR&D | 69 |  |  | — |  |  | 69 |
L3 trade name | 1,803 |  |  | — |  |  | 1,803 |
Total intangible assets | $ | 9,333 |  |  | $ | 875 |  |  | $ | 8,458 |
| June 28, 2019
| Gross Carrying Amount |  | Accumulated Amortization |  | Net
| (In millions)
Customer relationships | $ | 1,203 |  |  | $ | 419 |  |  | $ | 784 |
Developed technologies | 206 |  |  | 136 |  |  | 70 |
Trade names | 42 |  |  | 26 |  |  | 16 |
Other | 2 |  |  | 2 |  |  | — |
Total intangible assets | $ | 1,453 |  |  | $ | 583 |  |  | $ | 870 |
| June 29, 2018
| Gross Carrying Amount |  | Accumulated Amortization |  | Net
| (In millions)
Customer relationships | $ | 1,206 |  |  | $ | 327 |  |  | $ | 879 |
Developed technologies | 208 |  |  | 119 |  |  | 89 |
Trade names | 43 |  |  | 22 |  |  | 21 |
Other | 2 |  |  | 2 |  |  | — |
Total intangible assets | $ | 1,459 |  |  | $ | 470 |  |  | $ | 989 |
Amortization expense related to intangible assets was $290 million for the two quarters ended January 3, 2020 and primarily related to the L3Harris Merger and our acquisition of Exelis. Amortization expense related to intangible assets was $115 million, $117 million and $126 million in fiscal 2019, 2018 and 2017, respectively, and primarily related to our acquisition of Exelis. Future estimated amortization expense for intangible assets is as follows:
| (In millions)
2020 | $ | 711 |
2021 | 632 |
2022 | 617 |
2023 | 596 |
2024 | 568 |
Thereafter | 3,462 |
Total | $ | 6,586 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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