Identified Intangible Assets [Text Block] |
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Note 12 : |
Identified Intangible Assets |
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December 28, 2024 |
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December 30, 2023 |
(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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$ |
8,007 |
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$ |
(6,445) |
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$ |
1,562 |
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$ |
10,520 |
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$ |
(7,996) |
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$ |
2,524 |
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Customer relationships and brands |
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1,907 |
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(1,372) |
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535 |
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1,986 |
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(1,286) |
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700 |
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Licensed technology and patents |
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3,387 |
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(1,852) |
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1,535 |
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3,088 |
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(1,728) |
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1,360 |
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Internal-use software |
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128 |
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(73) |
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55 |
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— |
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— |
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— |
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Other non-amortizing intangibles |
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4 |
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— |
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4 |
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5 |
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— |
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5 |
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Total identified intangible assets |
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$ |
13,433
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$ |
(9,742) |
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$ |
3,691
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$ |
15,599
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$ |
(11,010) |
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$ |
4,589
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During 2024 and 2023, we entered into and/or renewed several licensed technology arrangements totaling $562 million and $309 million respectively, which are subject to amortization.
Amortization expenses recorded for and the weighted average useful life assigned to identified intangible assets in the Consolidated Statements of Operations for each period were as follows:
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Years Ended (In Millions) |
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Location |
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Dec 28, 2024 |
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Dec 30, 2023 |
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Dec 31, 2022 |
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Weighted Average Useful Life1
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Developed technology |
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Cost of sales |
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$ |
879 |
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$ |
1,235 |
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$ |
1,341 |
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9 years |
Customer relationships and brands |
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Marketing, general, and administrative |
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165 |
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172 |
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185 |
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12 years |
Licensed technology and patents |
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Cost of sales |
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360 |
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348 |
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381 |
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12 years |
Internal-use software |
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Marketing, general, and administrative |
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24 |
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— |
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— |
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5 years |
Total amortization expenses |
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$ |
1,428
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$ |
1,755
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$ |
1,907
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1 Represents weighted average useful life in years of intangible assets as of December 28, 2024.
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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2025 |
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2026 |
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2027 |
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2028 |
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2029 |
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Thereafter |
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Total |
Future amortization expenses |
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$ |
998 |
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$ |
858 |
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$ |
655 |
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$ |
431 |
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$ |
252 |
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$ |
493 |
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$ |
3,687
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