Acquired Developed Technology and Other Intangibles

12 Months Ended

Jul. 03, 2021

Acquired Developed Technology and Other Intangibles

Acquired Developed Technology and Other Intangibles

Note 10. Acquired Developed Technology and Other Intangibles

The following tables present details of the Company’s acquired developed technology, customer relationships and other intangibles as of July 3, 2021, and June 27, 2020, (in millions):



As of July 03, 2021	Weighted-Average Remaining Useful Life	Gross Carrying Amount		Accumulated Amortization		Net
Acquired developed technology	3.2 years	$	423.8	$	(356.9)	$	66.9
Customer relationships	3.5 years	195.4		(180.8)		14.6

Other (1)	1.1 years	37.9		(31.4)		6.5
Total intangibles		$	657.1	$	(569.1)	$	88.0



As of June 27, 2020	Weighted-Average Remaining Useful Life	Gross Carrying Amount		Accumulated Amortization		Net
Acquired developed technology	3.7 years	$	437.1	$	(341.6)	$	95.5
Customer relationships	2.6 years	194.7		(154.1)		40.6
Other (1)	2.0 years	35.7		(23.7)		12.0
Total intangibles		$	667.5	$	(519.4)	$	148.1

(1)Other intangibles consist of customer backlog, non-competition agreements, patents, proprietary know-how and trade secrets, trademarks and trade names.

The following table presents details of the Company’s amortization of acquired technology and other intangibles, (in millions):


	Years Ended
	July 3, 2021		June 27, 2020		June 29, 2019
Cost of revenues	$	33.2	$	32.7	$	34.4
Operating expense	33.3		35.1		38.1
Total	$	66.5	$	67.8	$	72.5

Based on the carrying amount of acquired developed technology, customer relationships and other intangibles as of July 3, 2021, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):


Fiscal Years
2022	$	39.5
2023	25.5
2024	10.3
2025	6.8
2026	3.1
Thereafter	2.8
Total amortization	$	88.0