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GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
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Jun. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | NOTE E: GOODWILL AND INTANGIBLE ASSETS Goodwill Changes in the carrying amount of goodwill, by business segment, were as follows:
(In millions) | CS |  | IMS |  | SAS |  | AR |  | Total
Balance as of January 3, 2025(1) | $ | 4,938 |  |  | $ | 6,422 |  |  | $ | 5,999 |  |  | $ | 2,966 |  |  | $ | 20,325 |
Currency translation adjustments | 1 |  |  | 20 |  |  | 26 |  |  | — |  |  | 47 |
Balance as of June 27, 2025 | $ | 4,939 |  |  | $ | 6,442 |  |  | $ | 6,025 |  |  | $ | 2,966 |  |  | $ | 20,372 |
_______________ (1)Balances reflect impact of FOS business realignment from our IMS segment to our AR segment effective in first quarter 2025, as discussed under the “Reallocation of Goodwill in Business Realignment” heading in Note E: Goodwill and Intangible Assets in our Form 10-Q for first quarter 2025, which is incorporated herein by reference. Accumulated goodwill impairment losses in our CS, SAS and AR segments were $355 million, $80 million and $172 million, respectively, as of both June 27, 2025 and January 3, 2025. Accumulated goodwill impairment losses in our IMS segment were $195 million and $954 million as of June 27, 2025 and January 3, 2025, respectively. IMS accumulated impairment losses decreased $759 million in first quarter 2025 in connection with the CAS disposal group divestiture. Intangible Assets Intangible assets, net are summarized below:
| June 27, 2025 |  | January 3, 2025
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Finite-lived |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 8,835 |  |  | $ | (3,826) |  |  | $ | 5,009 |  |  | $ | 8,817 |  |  | $ | (3,470) |  |  | $ | 5,347 |
Developed technologies | 853 |  |  | (518) |  |  | 335 |  |  | 849 |  |  | (482) |  |  | 367 |
Trade names and other | 188 |  |  | (74) |  |  | 114 |  |  | 188 |  |  | (66) |  |  | 122 |
Indefinite-lived |  |  |  |  |  |  |  |  |  |  |
Trade name | 1,803 |  |  | — |  |  | 1,803 |  |  | 1,803 |  |  | — |  |  | 1,803 |
Intangible assets, net | $ | 11,679 |  |  | $ | (4,418) |  |  | $ | 7,261 |  |  | $ | 11,657 |  |  | $ | (4,018) |  |  | $ | 7,639 |
Amortization expense for intangible assets was $193 million and $387 million for second quarter and year to date 2025, respectively, and $215 million and $432 million for second quarter and year to date 2024, respectively. The following table presents future estimated amortization expense for intangible assets:
| (In millions)
Next 12 months | $ | 752 |
Months 13-24 | 584 |
Months 25-36 | 545 |
Months 37-48 | 444 |
Months 49-60 | 425 |
Thereafter | 2,708 |
Total | $ | 5,458 |

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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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