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Acquired Developed Technology and Other Intangibles
12 Months Ended
Jul. 01, 2017
Acquired Developed Technology and Other Intangibles  
Acquired Developed Technology and Other Intangibles
Note 9. Acquired Developed Technology and Other Intangibles
The following tables present details of the Company’s acquired developed technology, customer relationships and other intangibles (in millions):
As of July 1, 2017
Gross Carrying Amount
 
Accumulated Amortization
 
Net
Acquired developed technology
$
369.3

 
$
(352.0
)
 
$
17.3

Customer relationships
94.9

 
(81.3
)
 
13.6

Other (1)
9.9

 
(9.7
)
 
0.2

Total intangibles
$
474.1

 
$
(443.0
)
 
$
31.1

As of July 2, 2016
Gross Carrying Amount
 
Accumulated Amortization
 
Net
Acquired developed technology
$
369.3

 
$
(337.3
)
 
$
32.0

Customer relationships
95.6

 
(68.0
)
 
27.6

Other (1)
10.8

 
(10.5
)
 
0.3

Total intangibles
475.7

 
(415.8
)
 
59.9


(1)
Other intangibles consist of customer backlog, non-competition agreements, patents, proprietary know-how and trade secrets, trademarks and trade names.
Fiscal 2016
During the first quarter of fiscal 2016, the Company completed its in-process research and development (“IPR&D”) project related to the fiscal 2014 acquisition of Trendium. Accordingly, $1.8 million was transferred from indefinite life intangible assets to acquired developed technology intangible assets with a useful life of thirty-six months.
Fiscal 2015
During fiscal 2015, the Company completed its IPR&D project related to the fiscal 2014 acquisition of Network Instruments. Accordingly, $1.7 million was transferred from indefinite life intangible assets to acquired developed technology intangible assets and the Company began amortizing over its useful life of fifty-two months. Also during fiscal 2015, the Company recorded a $3.6 million IPR&D impairment charge for an ongoing project related to the fiscal 2014 acquisition of Trendium in accordance with the authoritative accounting guidance. The charge was recorded to Research and development (“R&D”) expense in the Consolidated Statements of Operations.
During fiscal 2017, 2016 and 2015, the Company recorded $28.3 million$31.9 million and $51.4 million, respectively, of amortization related to acquired developed technology and other intangibles. The following table presents details of the Company’s amortization (in millions):
 
Years Ended
 
July 1, 2017
 
July 2, 2016
 
June 27, 2015
Cost of revenues
$
14.3

 
$
17.3

 
$
31.9

Operating expense
14.0

 
14.6

 
19.5

Total
$
28.3

 
$
31.9

 
$
51.4


Based on the carrying amount of acquired developed technology, customer relationships and other intangibles as of July 1, 2017, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):
Fiscal Years
 
2018
$
20.1

2019
9.3

2020
1.4

2021
0.3

Total amortization
$
31.1