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Acquired Developed Technology and Other Intangibles | 12 Months Ended
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Jul. 01, 2023
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 1, 2023, and July 2, 2022, (in millions):
As of July 1, 2023 | Weighted-Average Remaining Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Acquired developed technology (1) | 3.9 years |  | $ | 438.5 |  |  | $ | (390.2) |  |  | $ | 48.3 |
Customer relationships | 2.0 years |  | 195.2 |  |  | (185.9) |  |  | 9.3 |
Other (2) | 0.7 years |  | 39.8 |  |  | (38.8) |  |  | 1.0 |
Total intangibles |  |  | $ | 673.5 |  |  | $ | (614.9) |  |  | $ | 58.6 |
As of July 2, 2022 | Weighted-Average Remaining Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Acquired developed technology | 3.3 years |  | $ | 416.6 |  |  | $ | (375.8) |  |  | $ | 40.8 |
Customer relationships | 2.8 years |  | 189.7 |  |  | (177.8) |  |  | 11.9 |
Other (2) | 0.7 years |  | 36.0 |  |  | (34.5) |  |  | 1.5 |
Total intangibles |  |  | $ | 642.3 |  |  | $ | (588.1) |  |  | $ | 54.2 |
(1) During fiscal 2023, we recorded a $0.6 million non-cash charge due to the discontinued use of certain intellectual property. This charge has been recorded within SG&A in the Consolidated Statements of Operations. (2) Other intangibles consist of customer backlog, patents, proprietary know-how and trade secrets, trademarks and trade names. Based on the carrying amount of acquired developed technology, customer relationships and other intangibles as of July 1, 2023, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):
Fiscal Years |
2024 | $ | 20.2 |
2025 | 15.9 |
2026 | 11.4 |
2027 | 7.5 |
2028 | 3.0 |
Thereafter | 0.6 |
Total amortization | $ | 58.6 |

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