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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 27, 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, were as follows:
(In millions) | SAS |  | IMS |  | CS |  | AR |  | Total
Balance at December 29, 2023 | $ | 6,110 |  |  | $ | 6,564 |  |  | $ | 4,940 |  |  | $ | 2,365 |  |  | $ | 19,979 |
Goodwill from AJRD acquisition (1) | — |  |  | — |  |  | — |  |  | 537 |  |  | 537 |
Impairment of goodwill(2) | (14) |  |  | — |  |  | — |  |  | — |  |  | (14) |
Goodwill decrease from divestitures(2) | (79) |  |  | — |  |  | — |  |  | — |  |  | (79) |
Currency translation adjustments | 14 |  |  | (3) |  |  | (1) |  |  | — |  |  | 10 |
Balance at September 27, 2024 | $ | 6,031 |  |  | $ | 6,561 |  |  | $ | 4,939 |  |  | $ | 2,902 |  |  | $ | 20,433 |
_______________ (1)Represents the effect of measurement period adjustments associated with the acquisition of Aerojet Rocketdyne Holdings, Inc. (“AJRD”) during the three quarters ended September 27, 2024. See Note O: Acquisitions and Divestitures in these Notes for further information. (2)Goodwill allocation and impairment recognized in connection with the Antenna Disposal Group divestiture. See Note O: Acquisitions and Divestitures in these Notes and our Form 10-Q for the quarter ended June 28, 2024 for further information related to the Antenna Disposal Group divestiture and associated goodwill allocation and impairment testing, respectively.
Schedule of Indefinite-Lived Intangible Assets | Intangible assets, net are summarized below:
| September 27, 2024 |  | December 29, 2023
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 8,852 |  |  | $ | (3,290) |  |  | $ | 5,562 |  |  | $ | 8,892 |  |  | $ | (2,733) |  |  | $ | 6,159 |
Developed technologies | 853 |  |  | (469) |  |  | 384 |  |  | 856 |  |  | (413) |  |  | 443 |
Trade names | 185 |  |  | (61) |  |  | 124 |  |  | 185 |  |  | (50) |  |  | 135 |
Other, including contract backlog | 3 |  |  | (2) |  |  | 1 |  |  | 4 |  |  | (4) |  |  | — |
Total finite-lived intangible assets | 9,893 |  |  | (3,822) |  |  | 6,071 |  |  | 9,937 |  |  | (3,200) |  |  | 6,737 |
Trade name — indefinite-lived | 1,803 |  |  | — |  |  | 1,803 |  |  | 1,803 |  |  | — |  |  | 1,803 |
Total intangible assets, net | $ | 11,696 |  |  | $ | (3,822) |  |  | $ | 7,874 |  |  | $ | 11,740 |  |  | $ | (3,200) |  |  | $ | 8,540 |
Schedule of Finite-Lived Intangible Assets | Intangible assets, net are summarized below:
| September 27, 2024 |  | December 29, 2023
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 8,852 |  |  | $ | (3,290) |  |  | $ | 5,562 |  |  | $ | 8,892 |  |  | $ | (2,733) |  |  | $ | 6,159 |
Developed technologies | 853 |  |  | (469) |  |  | 384 |  |  | 856 |  |  | (413) |  |  | 443 |
Trade names | 185 |  |  | (61) |  |  | 124 |  |  | 185 |  |  | (50) |  |  | 135 |
Other, including contract backlog | 3 |  |  | (2) |  |  | 1 |  |  | 4 |  |  | (4) |  |  | — |
Total finite-lived intangible assets | 9,893 |  |  | (3,822) |  |  | 6,071 |  |  | 9,937 |  |  | (3,200) |  |  | 6,737 |
Trade name — indefinite-lived | 1,803 |  |  | — |  |  | 1,803 |  |  | 1,803 |  |  | — |  |  | 1,803 |
Total intangible assets, net | $ | 11,696 |  |  | $ | (3,822) |  |  | $ | 7,874 |  |  | $ | 11,740 |  |  | $ | (3,200) |  |  | $ | 8,540 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Future estimated amortization expense for intangible assets is as follows:
| (In millions)
Next 12 months | $ | 791 |
Months 13-24 | 718 |
Months 25-36 | 569 |
Months 37-48 | 518 |
Months 49-60 | 440 |
Thereafter | 3,035 |
Total | $ | 6,071 |

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