Identified Intangible Assets [Text Block] |
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NOTE 13 : |
IDENTIFIED INTANGIBLE ASSETS |
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December 28, 2019 |
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December 29, 2018 |
(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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$ |
9,407 |
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$ |
(3,801 |
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$ |
5,606 |
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$ |
9,611 |
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$ |
(3,021 |
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$ |
6,590 |
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Customer relationships and brands |
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2,160 |
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(708 |
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1,452 |
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2,179 |
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(527 |
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1,652 |
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Licensed technology and patents |
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2,975 |
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(1,455 |
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1,520 |
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2,932 |
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(1,406 |
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1,526 |
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In-process R&D |
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1,664 |
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— |
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1,664 |
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1,497 |
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— |
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1,497 |
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Other non-amortizing intangibles |
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585 |
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— |
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585 |
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571 |
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— |
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571 |
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Total identified intangible assets |
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$ |
16,791 |
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$ |
(5,964 |
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$ |
10,827 |
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$ |
16,790 |
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$ |
(4,954 |
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$ |
11,836 |
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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 28, 2019 |
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Dec 29, 2018 |
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Dec 30, 2017 |
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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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$ |
1,124 |
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$ |
1,105 |
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$ |
912 |
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9 years |
Customer relationships and brands |
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Amortization of acquisition-related intangibles |
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200 |
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200 |
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177 |
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11 years |
Licensed technology and patents |
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Cost of sales |
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298 |
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260 |
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288 |
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12 years |
Total amortization expenses |
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$ |
1,622 |
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$ |
1,565 |
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$ |
1,377 |
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1 |
Represents weighted average useful life in years of intangible assets during 2019.
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We expect future amortization expense for the next five years and thereafter to be as follows:
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2020 |
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2021 |
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2022 |
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2023 |
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2024 |
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Thereafter |
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Total |
Future amortization expenses |
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$ |
1,652 |
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$ |
1,567 |
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$ |
1,443 |
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$ |
1,344 |
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$ |
996 |
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$ |
1,576 |
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$ |
8,578 |
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