Annual report pursuant to Section 13 and 15(d)

Identified Intangible Assets

v3.19.3.a.u2
Identified Intangible Assets
12 Months Ended
Dec. 28, 2019
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Identified Intangible Assets [Text Block]
NOTE 13 :
IDENTIFIED INTANGIBLE ASSETS
 
 
December 28, 2019
 
December 29, 2018
(In Millions)
 
Gross Assets
 
Accumulated Amortization
 
Net
 
Gross Assets
 
Accumulated Amortization
 
Net
Developed technology
 
$
9,407

 
$
(3,801
)
 
$
5,606

 
$
9,611

 
$
(3,021
)
 
$
6,590

Customer relationships and brands
 
2,160

 
(708
)
 
1,452

 
2,179

 
(527
)
 
1,652

Licensed technology and patents
 
2,975

 
(1,455
)
 
1,520

 
2,932

 
(1,406
)
 
1,526

In-process R&D
 
1,664

 

 
1,664

 
1,497

 

 
1,497

Other non-amortizing intangibles
 
585

 

 
585

 
571

 

 
571

Total identified intangible assets
 
$
16,791

 
$
(5,964
)
 
$
10,827

 
$
16,790

 
$
(4,954
)
 
$
11,836


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:
Years Ended (In Millions)
 
Location
 
Dec 28,
2019
 
Dec 29,
2018
 
Dec 30,
2017
 
Weighted Average Useful Life1
Developed technology
 
Cost of sales
 
$
1,124

 
$
1,105

 
$
912

 
9 years
Customer relationships and brands
 
Amortization of acquisition-related intangibles
 
200

 
200

 
177

 
11 years
Licensed technology and patents
 
Cost of sales
 
298

 
260

 
288

 
12 years
Total amortization expenses
 
 
 
$
1,622

 
$
1,565

 
$
1,377

 
 
1 
Represents weighted average useful life in years of intangible assets during 2019.

We expect future amortization expense for the next five years and thereafter to be as follows:
 
 
2020
 
2021
 
2022
 
2023
 
2024
 
Thereafter
 
Total
Future amortization expenses
 
$
1,652

 
$
1,567

 
$
1,443

 
$
1,344

 
$
996

 
$
1,576

 
$
8,578