Quarterly report pursuant to Section 13 or 15(d)

Identified Intangible Assets

v3.10.0.1
Identified Intangible Assets
9 Months Ended
Sep. 29, 2018
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Identified Intangible Assets [Text Block]
NOTE 9: IDENTIFIED INTANGIBLE ASSETS
 
 
September 29, 2018
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
9,611

 
$
(2,742
)
 
$
6,869

Acquisition-related customer relationships
 
2,036

 
(433
)
 
1,603

Acquisition-related brands
 
143

 
(44
)
 
99

Licensed technology and patents
 
3,052

 
(1,505
)
 
1,547

Identified intangible assets subject to amortization
 
14,842

 
(4,724
)
 
10,118

In-process research and development
 
1,497

 

 
1,497

Other intangible assets
 
392

 

 
392

Identified intangible assets not subject to amortization
 
1,889

 

 
1,889

Total identified intangible assets
 
$
16,731

 
$
(4,724
)
 
$
12,007

 
 
December 30, 2017
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
8,912

 
$
(1,922
)
 
$
6,990

Acquisition-related customer relationships
 
2,052

 
(313
)
 
1,739

Acquisition-related brands
 
143

 
(29
)
 
114

Licensed technology and patents
 
3,104

 
(1,370
)
 
1,734

Identified intangible assets subject to amortization
 
14,211

 
(3,634
)
 
10,577

In-process research and development
 
2,168

 

 
2,168

Identified intangible assets not subject to amortization
 
2,168

 

 
2,168

Total identified intangible assets
 
$
16,379

 
$
(3,634
)
 
$
12,745


Amortization expenses recorded in the consolidated condensed statements of income for each period were as follows:
 
 
 
 
Three Months Ended
 
Nine Months Ended
(In Millions)
 
Location
 
Sep 29,
2018
 
Sep 30,
2017
 
Sep 29,
2018
 
Sep 30,
2017
Acquisition-related developed technology
 
Cost of sales
 
$
276

 
$
243

 
$
826

 
$
650

Acquisition-related customer relationships
 
Amortization of acquisition-related intangibles
 
45

 
45

 
135

 
113

Acquisition-related brands
 
Amortization of acquisition-related intangibles
 
5

 
4

 
15

 
11

Licensed technology and patents
 
Cost of sales
 
64

 
73

 
196

 
225

Total amortization expenses
 
 
 
$
390

 
$
365

 
$
1,172

 
$
999


We expect future amortization expenses for the next five years to be as follows:
(In Millions)
 
Remainder of 2018
 
2019
 
2020
 
2021
 
2022
Acquisition-related developed technology
 
$
279

 
$
1,114

 
$
1,082

 
$
1,047

 
$
1,008

Acquisition-related customer relationships
 
45

 
180

 
179

 
179

 
171

Acquisition-related brands
 
5

 
20

 
20

 
20

 
6

Licensed technology and patents
 
64

 
241

 
210

 
198

 
193

Total future amortization expenses
 
$
393

 
$
1,555

 
$
1,491

 
$
1,444

 
$
1,378