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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Mar. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amounts of Goodwill | The assignment of goodwill and changes in the carrying amount of goodwill, by business segment, are as follows:
(In millions) | SAS |  | IMS |  | CS |  | AR |  | Total
Balance at December 29, 2023(1) | $ | 6,110 |  |  | $ | 6,564 |  |  | $ | 4,940 |  |  | $ | 2,365 |  |  | $ | 19,979 |
Goodwill from AJRD acquisition(2) | — |  |  | — |  |  | — |  |  | 108 |  |  | 108 |
Currency translation adjustments | (8) |  |  | (8) |  |  | (1) |  |  | — |  |  | (17) |
Balance at March 29, 2024 | $ | 6,102 |  |  | $ | 6,556 |  |  | $ | 4,939 |  |  | $ | 2,473 |  |  | $ | 20,070 |
_______________ (1)During fiscal 2023, we assigned $534 million of goodwill associated with the pending divestiture of Commercial Aviation Solutions (“CAS Disposal Group”) to “Assets of business held for sale” in our Condensed Consolidated Balance Sheet. See Note 13: Acquisitions, Divestitures and Asset Sales in our Fiscal 2023 Form 10-K for additional information regarding divestitures and businesses held for sale. (2)Represents a measurement period adjustment associated with the acquisition of Aerojet Rocketdyne Holdings, Inc. (“AJRD”) in the quarter ended March 29, 2024. See Note O: Acquisitions and Divestitures in these Notes for further information.
Schedule of Indefinite-Lived Intangible Assets | Other identifiable intangible assets, net are summarized below:
| March 29, 2024 |  | December 29, 2023
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount(1)
Customer relationships | $ | 8,907 |  |  | $ | 2,923 |  |  | $ | 5,984 |  |  | $ | 8,892 |  |  | $ | 2,733 |  |  | $ | 6,159 |
Developed technologies | 854 |  |  | 432 |  |  | 422 |  |  | 856 |  |  | 413 |  |  | 443 |
Trade names — divisions | 185 |  |  | 54 |  |  | 131 |  |  | 185 |  |  | 50 |  |  | 135 |
Other, including contract backlog | 4 |  |  | 4 |  |  | — |  |  | 4 |  |  | 4 |  |  | — |
Total finite-lived identifiable intangible assets | 9,950 |  |  | 3,413 |  |  | 6,537 |  |  | 9,937 |  |  | 3,200 |  |  | 6,737 |
Trade names — corporate | 1,803 |  |  | — |  |  | 1,803 |  |  | 1,803 |  |  | — |  |  | 1,803 |
Total identifiable intangible assets, net | $ | 11,753 |  |  | $ | 3,413 |  |  | $ | 8,340 |  |  | $ | 11,740 |  |  | $ | 3,200 |  |  | $ | 8,540 |
_______________ (1)During fiscal 2023, we assigned $263 million of intangible assets associated with the pending divestiture of the CAS Disposal Group to "Assets of business held for sale" in our Condensed Consolidated Balance Sheet. See Note 13: Acquisitions, Divestitures and Asset Sales in our Fiscal 2023 Form 10-K for additional information regarding divestitures and businesses held for sale.
Schedule of Finite-Lived Intangible Assets | Other identifiable intangible assets, net are summarized below:
| March 29, 2024 |  | December 29, 2023
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount(1)
Customer relationships | $ | 8,907 |  |  | $ | 2,923 |  |  | $ | 5,984 |  |  | $ | 8,892 |  |  | $ | 2,733 |  |  | $ | 6,159 |
Developed technologies | 854 |  |  | 432 |  |  | 422 |  |  | 856 |  |  | 413 |  |  | 443 |
Trade names — divisions | 185 |  |  | 54 |  |  | 131 |  |  | 185 |  |  | 50 |  |  | 135 |
Other, including contract backlog | 4 |  |  | 4 |  |  | — |  |  | 4 |  |  | 4 |  |  | — |
Total finite-lived identifiable intangible assets | 9,950 |  |  | 3,413 |  |  | 6,537 |  |  | 9,937 |  |  | 3,200 |  |  | 6,737 |
Trade names — corporate | 1,803 |  |  | — |  |  | 1,803 |  |  | 1,803 |  |  | — |  |  | 1,803 |
Total identifiable intangible assets, net | $ | 11,753 |  |  | $ | 3,413 |  |  | $ | 8,340 |  |  | $ | 11,740 |  |  | $ | 3,200 |  |  | $ | 8,540 |
_______________ (1)During fiscal 2023, we assigned $263 million of intangible assets associated with the pending divestiture of the CAS Disposal Group to "Assets of business held for sale" in our Condensed Consolidated Balance Sheet. See Note 13: Acquisitions, Divestitures and Asset Sales in our Fiscal 2023 Form 10-K for additional information regarding divestitures and businesses held for sale.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Future estimated amortization expense for identifiable intangible assets is as follows:
| (In millions)
Next 12 months | $ | 835 |
Months 13-24 | 766 |
Months 25-36 | 632 |
Months 37-48 | 562 |
Months 49-60 | 468 |
Thereafter | 3,274 |
Total | $ | 6,537 |

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