Annual report pursuant to Section 13 and 15(d)

Identified Intangible Assets (Tables)

v3.22.4
Identified Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Finite-Lived Intangible Assets [Table Text Block]
December 31, 2022 December 25, 2021
(In Millions) Gross Assets Accumulated Amortization Net Gross Assets Accumulated Amortization Net
Developed technology $ 10,964  $ (7,216) $ 3,748  $ 11,102  $ (6,026) $ 5,076 
Customer relationships and brands 1,986  (1,114) 872  2,110  (1,063) 1,047 
Licensed technology and patents 3,219  (1,821) 1,398  2,893  (1,746) 1,147 
Total identified intangible assets $ 16,169  $ (10,151) $ 6,018  $ 16,105  $ (8,835) $ 7,270 
Schedule of Indefinite-Lived Intangible Assets [Table Text Block]
December 31, 2022 December 25, 2021
(In Millions) Gross Assets Accumulated Amortization Net Gross Assets Accumulated Amortization Net
Developed technology $ 10,964  $ (7,216) $ 3,748  $ 11,102  $ (6,026) $ 5,076 
Customer relationships and brands 1,986  (1,114) 872  2,110  (1,063) 1,047 
Licensed technology and patents 3,219  (1,821) 1,398  2,893  (1,746) 1,147 
Total identified intangible assets $ 16,169  $ (10,151) $ 6,018  $ 16,105  $ (8,835) $ 7,270 
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 31, 2022 Dec 25, 2021 Dec 26, 2020
Weighted Average Useful Life1
Developed technology Cost of sales $ 1,341  $ 1,283  $ 1,211  9 years
Customer relationships and brands Marketing, general and administrative 185  209  205  12 years
Licensed technology and patents Cost of sales 381  347  341  12 years
Total amortization expenses $ 1,907  $ 1,839  $ 1,757 
1 Represents weighted average useful life in years of intangible assets as of December 31, 2022.
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) 2023 2024 2025 2026 2027 Thereafter Total
Future amortization expenses $ 1,730  $ 1,297  $ 883  $ 680  $ 511  $ 917  $ 6,018