Quarterly report pursuant to Section 13 or 15(d)

Identified Intangible Assets

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Identified Intangible Assets
6 Months Ended
Jun. 28, 2014
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Identified Intangible Assets [Text Block]
Note 10: Identified Intangible Assets
Identified intangible assets at the end of each period were as follows:
 
 
June 28, 2014
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
2,924

 
$
(1,982
)
 
$
942

Acquisition-related customer relationships
 
1,759

 
(966
)
 
793

Acquisition-related trade names
 
65

 
(50
)
 
15

Licensed technology and patents
 
3,088

 
(1,088
)
 
2,000

Identified intangible assets subject to amortization
 
7,836

 
(4,086
)
 
3,750

Acquisition-related trade names
 
817

 

 
817

Other intangible assets
 
130

 

 
130

Identified intangible assets not subject to amortization
 
947

 

 
947

Total identified intangible assets
 
$
8,783

 
$
(4,086
)
 
$
4,697

 
 
December 28, 2013
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
2,922

 
$
(1,691
)
 
$
1,231

Acquisition-related customer relationships
 
1,760

 
(828
)
 
932

Acquisition-related trade names
 
65

 
(44
)
 
21

Licensed technology and patents
 
3,093

 
(974
)
 
2,119

Identified intangible assets subject to amortization
 
7,840

 
(3,537
)
 
4,303

Acquisition-related trade names
 
818

 

 
818

Other intangible assets
 
29

 

 
29

Identified intangible assets not subject to amortization
 
847

 

 
847

Total identified intangible assets
 
$
8,687

 
$
(3,537
)
 
$
5,150


For identified intangible assets that are subject to amortization, we recorded amortization expense on the consolidated condensed statements of income as follows: amortization of acquisition-related developed technology and licensed technology and patents is included in cost of sales, amortization of acquisition-related customer relationships and trade names is included in amortization of acquisition-related intangibles, and amortization of other intangible assets is recorded as a reduction of revenue.
Amortization expenses for each period were as follows:
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jun 28,
2014
 
Jun 29,
2013
 
Jun 28,
2014
 
Jun 29,
2013
Acquisition-related developed technology
 
$
147

 
$
140

 
$
293

 
$
280

Acquisition-related customer relationships
 
69

 
68

 
139

 
138

Acquisition-related trade names
 
3

 
2

 
6

 
5

Licensed technology and patents
 
71

 
69

 
139

 
135

Other intangible assets
 

 

 

 
103

Total amortization expenses
 
$
290

 
$
279

 
$
577

 
$
661


Based on identified intangible assets that are subject to amortization as of June 28, 2014, we expect future amortization expenses for each period to be as follows:
(In Millions)
 
Remainder of 2014
 
2015
 
2016
 
2017
 
2018
Acquisition-related developed technology
 
$
287

 
$
304

 
$
212

 
$
63

 
$
41

Acquisition-related customer relationships
 
130

 
251

 
233

 
141

 
29

Acquisition-related trade names
 
3

 
9

 
3

 

 

Licensed technology and patents
 
135

 
252

 
237

 
200

 
159

Total future amortization expenses
 
$
555

 
$
816

 
$
685

 
$
404

 
$
229