Intel Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Goodwill

Goodwill

12 Months Ended

Dec. 30, 2023

Business Combination, Goodwill [Abstract]


Note 11 :			Goodwill


(In Millions)	Dec 31, 2022		Acquisitions		Transfers		Other		Dec 30, 2023
Client Computing	$	4,254	$	—	$	495	$	—	$	4,749
Data Center and AI	9,013		—		(292)		—		8,721
Network and Edge	2,809		—		—		—		2,809

Mobileye	10,919		—		—		—		10,919
Accelerated Computing Systems and Graphics	596		—		(596)		—		—
All other	—		—		393		—		393
Total	$	27,591	$	—	$	—	$	—	$	27,591


(In Millions)	Dec 25, 2021		Acquisitions		Transfers		Other		Dec 31, 2022
Client Computing	$	4,237	$	17	$	—	$	—	$	4,254
Data Center and AI	8,595		418		—		—		9,013
Network and Edge	2,774		35		—		—		2,809

Mobileye	10,928		—		—		(9)		10,919
Accelerated Computing Systems and Graphics	429		167		—		—		596
All other	—		—		—		—		—
Total	$	26,963	$	637	$	—	$	(9)	$	27,591

As described in "Note 3: Operating Segments" within the Notes to Consolidated Financial Statements, we integrated AXG into CCG and DCAI in the first quarter of 2023. As a result, of the total $596 million of goodwill previously allocated to AXG, we reallocated $495 million to CCG and $101 million to DCAI based on the relative fair value of our updated operating segments. We performed a quantitative impairment assessment for each of our reporting units immediately before and after our business reorganization, concluding that goodwill was not impaired. We also reallocated $393 million of goodwill from DCAI to other businesses during 2023.

During the fourth quarter of 2023 and 2022, we completed our annual impairment assessments and concluded that goodwill was not impaired. During the second quarter of 2021, we recognized a goodwill impairment loss of $238 million related to two non-strategic businesses that we exited, recorded within our "all other" category. The accumulated impairment loss as of December 30, 2023 was $957 million: $365 million associated with CCG, $275 million associated with DCAI, $79 million associated with NEX, and the remainder associated with non-reportable segments.

In the first quarter of 2022, we retrospectively adjusted all prior-period amounts in our goodwill footnote to reflect changes to our operating segments. We reallocated goodwill among our affected reporting units based on the relative fair value of our new operating segments. We performed a quantitative impairment assessment for each of our reporting units immediately before and after our business reorganization, concluding that goodwill was not impaired.