Identified Intangible Assets (Tables)
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12 Months Ended |
Dec. 26, 2020 |
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
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Schedule of Finite-Lived Intangible Assets [Table Text Block] |
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December 26, 2020 |
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December 28, 2019 |
(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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$ |
10,188 |
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$ |
(4,880) |
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$ |
5,308 |
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$ |
9,407 |
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$ |
(3,801) |
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$ |
5,606 |
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Customer relationships and brands |
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2,110 |
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(854) |
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1,256 |
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2,160 |
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(708) |
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1,452 |
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Licensed technology and patents |
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2,836 |
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(1,629) |
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1,207 |
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2,975 |
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(1,455) |
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1,520 |
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In-process R&D |
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954 |
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— |
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954 |
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1,664 |
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— |
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1,664 |
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Other non-amortizing intangibles |
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301 |
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— |
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301 |
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585 |
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— |
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585 |
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Total identified intangible assets |
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$ |
16,389
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$ |
(7,363) |
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$ |
9,026
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$ |
16,791
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$ |
(5,964) |
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$ |
10,827
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Schedule of Indefinite-Lived Intangible Assets [Table Text Block] |
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December 26, 2020 |
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December 28, 2019 |
(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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$ |
10,188 |
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(4,880) |
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$ |
5,308 |
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$ |
9,407 |
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(3,801) |
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$ |
5,606 |
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Customer relationships and brands |
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2,110 |
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(854) |
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1,256 |
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2,160 |
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(708) |
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1,452 |
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Licensed technology and patents |
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2,836 |
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(1,629) |
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1,207 |
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2,975 |
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(1,455) |
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1,520 |
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In-process R&D |
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954 |
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— |
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954 |
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1,664 |
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— |
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1,664 |
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Other non-amortizing intangibles |
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301 |
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— |
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301 |
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585 |
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— |
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585 |
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Total identified intangible assets |
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$ |
16,389
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(7,363) |
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$ |
9,026
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$ |
16,791
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(5,964) |
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$ |
10,827
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Finite-lived Intangible Assets Amortization Expense [Table Text Block] |
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 26, 2020 |
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Dec 28, 2019 |
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Dec 29, 2018 |
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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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$ |
1,211 |
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$ |
1,124 |
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$ |
1,105 |
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9 years |
Customer relationships and brands |
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Marketing, general and administrative |
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205 |
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200 |
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200 |
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11 years |
Licensed technology and patents |
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Cost of sales |
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341 |
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298 |
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260 |
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13 years |
Total amortization expenses |
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$ |
1,757
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$ |
1,622
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$ |
1,565
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1 Represents weighted average useful life in years of intangible assets during 2020.
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Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
We expect future amortization expense for the next five years and thereafter to be as follows:
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(In Millions) |
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2021 |
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2022 |
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2023 |
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2024 |
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2025 |
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Thereafter |
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Total |
Future amortization expenses |
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$ |
1,749 |
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$ |
1,618 |
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$ |
1,453 |
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$ |
1,076 |
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$ |
672 |
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$ |
1,203 |
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$ |
7,771
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