Quarterly report pursuant to Section 13 or 15(d)

Identified Intangible Assets (Tables)

v3.7.0.1
Identified Intangible Assets (Tables)
6 Months Ended
Jul. 01, 2017
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Finite-Lived Intangible Assets [Table Text Block]
 
 
July 1, 2017
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
6,591

 
$
(1,441
)
 
$
5,150

Acquisition-related customer relationships
 
1,340

 
(224
)
 
1,116

Acquisition-related brands
 
79

 
(19
)
 
60

Licensed technology and patents
 
3,184

 
(1,451
)
 
1,733

Identified intangible assets subject to amortization
 
11,194

 
(3,135
)
 
8,059

In-process research and development
 
808

 

 
808

Identified intangible assets not subject to amortization
 
808

 

 
808

Total identified intangible assets
 
$
12,002

 
$
(3,135
)
 
$
8,867

 
 
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]
 
 
July 1, 2017
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
6,591

 
$
(1,441
)
 
$
5,150

Acquisition-related customer relationships
 
1,340

 
(224
)
 
1,116

Acquisition-related brands
 
79

 
(19
)
 
60

Licensed technology and patents
 
3,184

 
(1,451
)
 
1,733

Identified intangible assets subject to amortization
 
11,194

 
(3,135
)
 
8,059

In-process research and development
 
808

 

 
808

Identified intangible assets not subject to amortization
 
808

 

 
808

Total identified intangible assets
 
$
12,002

 
$
(3,135
)
 
$
8,867

 
 
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
 
Six Months Ended
(In Millions)
 
Location
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Acquisition-related developed technology
 
Cost of sales
 
$
198

 
$
235

 
$
407

 
$
470

Acquisition-related customer relationships
 
Amortization of acquisition-related intangibles
 
33

 
82

 
68

 
165

Acquisition-related brands
 
Amortization of acquisition-related intangibles
 
4

 
7

 
7

 
14

Licensed technology and patents
 
Cost of sales
 
78

 
71

 
152

 
142

Total amortization expense
 
 
 
$
313

 
$
395

 
$
634

 
$
791

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
 
$
394

 
$
784

 
$
782

 
$
750

 
$
715

Acquisition-related customer relationships
 
67

 
122

 
121

 
119

 
119

Acquisition-related brands
 
7

 
13

 
13

 
13

 
14

Licensed technology and patents
 
132

 
231

 
219

 
194

 
179

Total future amortization expenses
 
$
600

 
$
1,150

 
$
1,135

 
$
1,076

 
$
1,027