| Identified Intangible Assets [Text Block] |
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| Note 12 : |
Identified Intangible Assets |
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December 31, 2022 |
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December 25, 2021 |
| (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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$ |
10,964 |
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$ |
(7,216) |
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$ |
3,748 |
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$ |
11,102 |
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$ |
(6,026) |
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$ |
5,076 |
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| Customer relationships and brands |
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1,986 |
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(1,114) |
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872 |
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2,110 |
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(1,063) |
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1,047 |
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| Licensed technology and patents |
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3,219 |
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(1,821) |
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1,398 |
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2,893 |
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(1,746) |
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1,147 |
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| Total identified intangible assets |
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$ |
16,169
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$ |
(10,151) |
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$ |
6,018
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$ |
16,105
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$ |
(8,835) |
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$ |
7,270
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During 2022, we entered into and/or renewed several licensed technology arrangements totaling $634 million, which are subject to amortization.
Amortization expenses recorded for identified intangible assets in the Consolidated Statements of Income for each period and the weighted average useful life were as follows:
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| Years Ended (In Millions) |
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Location |
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Dec 31, 2022 |
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Dec 25, 2021 |
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Dec 26, 2020 |
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Weighted Average Useful Life1
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| Developed technology |
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Cost of sales |
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$ |
1,341 |
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$ |
1,283 |
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$ |
1,211 |
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9 years |
| Customer relationships and brands |
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Marketing, general and administrative |
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185 |
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209 |
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205 |
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12 years |
| Licensed technology and patents |
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Cost of sales |
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381 |
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347 |
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341 |
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12 years |
| Total amortization expenses |
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$ |
1,907
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$ |
1,839
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$ |
1,757
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1 Represents weighted average useful life in years of intangible assets as of December 31, 2022.
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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2023 |
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2024 |
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2025 |
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2026 |
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2027 |
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Thereafter |
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Total |
| Future amortization expenses |
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$ |
1,730 |
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$ |
1,297 |
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$ |
883 |
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$ |
680 |
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$ |
511 |
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$ |
917 |
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$ |
6,018
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