Annual report pursuant to Section 13 and 15(d)

Identified Intangible Assets (Tables)

v3.20.4
Identified Intangible Assets (Tables)
12 Months Ended
Dec. 26, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Finite-Lived Intangible Assets [Table Text Block]
December 26, 2020 December 28, 2019
(In Millions) Gross Assets Accumulated Amortization Net Gross Assets Accumulated Amortization Net
Developed technology $ 10,188  $ (4,880) $ 5,308  $ 9,407  $ (3,801) $ 5,606 
Customer relationships and brands 2,110  (854) 1,256  2,160  (708) 1,452 
Licensed technology and patents 2,836  (1,629) 1,207  2,975  (1,455) 1,520 
In-process R&D 954  —  954  1,664  —  1,664 
Other non-amortizing intangibles 301  —  301  585  —  585 
Total identified intangible assets $ 16,389  $ (7,363) $ 9,026  $ 16,791  $ (5,964) $ 10,827 
Schedule of Indefinite-Lived Intangible Assets [Table Text Block]
December 26, 2020 December 28, 2019
(In Millions) Gross Assets Accumulated Amortization Net Gross Assets Accumulated Amortization Net
Developed technology $ 10,188  $ (4,880) $ 5,308  $ 9,407  $ (3,801) $ 5,606 
Customer relationships and brands 2,110  (854) 1,256  2,160  (708) 1,452 
Licensed technology and patents 2,836  (1,629) 1,207  2,975  (1,455) 1,520 
In-process R&D 954  —  954  1,664  —  1,664 
Other non-amortizing intangibles 301  —  301  585  —  585 
Total identified intangible assets $ 16,389  $ (7,363) $ 9,026  $ 16,791  $ (5,964) $ 10,827 
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:
Years Ended (In Millions) Location Dec 26, 2020 Dec 28, 2019 Dec 29, 2018
Weighted Average Useful Life1
Developed technology Cost of sales $ 1,211  $ 1,124  $ 1,105  9 years
Customer relationships and brands Marketing, general and administrative 205  200  200  11 years
Licensed technology and patents Cost of sales 341  298  260  13 years
Total amortization expenses $ 1,757  $ 1,622  $ 1,565 
1     Represents weighted average useful life in years of intangible assets during 2020.
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:
(In Millions) 2021 2022 2023 2024 2025 Thereafter Total
Future amortization expenses $ 1,749  $ 1,618  $ 1,453  $ 1,076  $ 672  $ 1,203  $ 7,771