| Identified Intangible Assets [Text Block] |
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| Note 12 : |
Identified Intangible Assets |
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December 30, 2023 |
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December 31, 2022 |
| (In Millions) |
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Gross Assets |
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Accumulated Amortization |
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Net |
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Gross Assets |
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Accumulated Amortization |
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Net |
| Developed technology |
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$ |
10,520 |
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$ |
(7,996) |
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$ |
2,524 |
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$ |
10,964 |
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$ |
(7,216) |
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$ |
3,748 |
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| Customer relationships and brands |
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1,986 |
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(1,286) |
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700 |
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1,986 |
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(1,114) |
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872 |
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| Licensed technology and patents |
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3,088 |
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(1,728) |
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1,360 |
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3,219 |
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(1,821) |
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1,398 |
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| Other non-amortizing intangibles |
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5 |
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— |
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5 |
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— |
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— |
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— |
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| Total identified intangible assets |
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$ |
15,599
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$ |
(11,010) |
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$ |
4,589
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$ |
16,169
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$ |
(10,151) |
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$ |
6,018
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During 2022 and 2023, we entered into and/or renewed several licensed technology arrangements totaling $634 million and $309 million respectively, which are subject to amortization.
Amortization expenses recorded for identified intangible assets in the Consolidated Statements of Income for each period and the weighted average useful life were as follows:
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| Years Ended (In Millions) |
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Location |
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Dec 30, 2023 |
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Dec 31, 2022 |
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Dec 25, 2021 |
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Weighted Average Useful Life1
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| Developed technology |
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Cost of sales |
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$ |
1,235 |
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$ |
1,341 |
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$ |
1,283 |
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9.1 years |
| Customer relationships and brands |
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Marketing, general, and administrative |
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172 |
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185 |
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209 |
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11.6 years |
| Licensed technology and patents |
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Cost of sales |
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348 |
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381 |
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347 |
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12.2 years |
| Total amortization expenses |
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$ |
1,755
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$ |
1,907
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$ |
1,839
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1 Represents weighted average useful life in years of intangible assets as of December 30, 2023.
We expect future amortization expense for the next five years and thereafter to be as follows:
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| (In Millions) |
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2024 |
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2025 |
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2026 |
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2027 |
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2028 |
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Thereafter |
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Total |
| Future amortization expenses |
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$ |
1,360 |
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$ |
948 |
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$ |
742 |
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$ |
552 |
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$ |
339 |
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$ |
643 |
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$ |
4,584
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