Quarterly report pursuant to Section 13 or 15(d)

Identified Intangible Assets (Tables)

v3.7.0.1
Identified Intangible Assets (Tables)
3 Months Ended
Apr. 01, 2017
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Finite-Lived Intangible Assets [Table Text Block]
 
 
April 1, 2017
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
7,340

 
$
(1,992
)
 
$
5,348

Acquisition-related customer relationships
 
1,340

 
(190
)
 
1,150

Acquisition-related brands
 
79

 
(16
)
 
63

Licensed technology and patents
 
3,178

 
(1,390
)
 
1,788

Identified intangible assets subject to amortization
 
11,937

 
(3,588
)
 
8,349

In-process research and development
 
808

 

 
808

Identified intangible assets not subject to amortization
 
808

 

 
808

Total identified intangible assets
 
$
12,745

 
$
(3,588
)
 
$
9,157

 
 
December 31, 2016
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
7,405

 
$
(1,836
)
 
$
5,569

Acquisition-related customer relationships
 
1,449

 
(260
)
 
1,189

Acquisition-related brands
 
87

 
(21
)
 
66

Licensed technology and patents
 
3,285

 
(1,423
)
 
1,862

Identified intangible assets subject to amortization
 
12,226

 
(3,540
)
 
8,686

In-process research and development
 
808

 

 
808

Identified intangible assets not subject to amortization
 
808

 

 
808

Total identified intangible assets
 
$
13,034

 
$
(3,540
)
 
$
9,494

Schedule of Indefinite-Lived Intangible Assets [Table Text Block]
 
 
April 1, 2017
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
7,340

 
$
(1,992
)
 
$
5,348

Acquisition-related customer relationships
 
1,340

 
(190
)
 
1,150

Acquisition-related brands
 
79

 
(16
)
 
63

Licensed technology and patents
 
3,178

 
(1,390
)
 
1,788

Identified intangible assets subject to amortization
 
11,937

 
(3,588
)
 
8,349

In-process research and development
 
808

 

 
808

Identified intangible assets not subject to amortization
 
808

 

 
808

Total identified intangible assets
 
$
12,745

 
$
(3,588
)
 
$
9,157

 
 
December 31, 2016
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
7,405

 
$
(1,836
)
 
$
5,569

Acquisition-related customer relationships
 
1,449

 
(260
)
 
1,189

Acquisition-related brands
 
87

 
(21
)
 
66

Licensed technology and patents
 
3,285

 
(1,423
)
 
1,862

Identified intangible assets subject to amortization
 
12,226

 
(3,540
)
 
8,686

In-process research and development
 
808

 

 
808

Identified intangible assets not subject to amortization
 
808

 

 
808

Total identified intangible assets
 
$
13,034

 
$
(3,540
)
 
$
9,494

Finite-lived Intangible Assets Amortization Expense [Table Text Block]
Amortization expenses recorded in the consolidated condensed statements of income for each period were as follows:
 
 
 
 
Three Months Ended
(In Millions)
 
Location
 
Apr 1,
2017
 
Apr 2,
2016
Acquisition-related developed technology
 
Cost of sales
 
$
209

 
$
235

Acquisition-related customer relationships
 
Amortization of acquisition-related intangibles
 
35

 
83

Acquisition-related brands
 
Amortization of acquisition-related intangibles
 
3

 
7

Licensed technology and patents
 
Cost of sales
 
74

 
71

Total amortization expenses
 
 
 
$
321

 
$
396

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
We expect future amortization expense for the next five years to be as follows:
(In Millions)
 
Remainder of 2017
 
2018
 
2019
 
2020
 
2021
Acquisition-related developed technology
 
$
592

 
$
784

 
$
782

 
$
750

 
$
715

Acquisition-related customer relationships
 
101

 
122

 
121

 
119

 
119

Acquisition-related brands
 
10

 
13

 
13

 
13

 
14

Licensed technology and patents
 
205

 
230

 
218

 
193

 
177

Total future amortization expenses
 
$
908

 
$
1,149

 
$
1,134

 
$
1,075

 
$
1,025