| Identified Intangible Assets [Text Block] |
Note 9: Identified Intangible Assets
Identified intangible assets at the end of each period were as follows:
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June 27, 2015 |
(In Millions) |
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Gross Assets |
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Accumulated
Amortization |
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Net |
Acquisition-related developed technology |
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$ |
3,074 |
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$ |
(2,347 |
) |
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$ |
727 |
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Acquisition-related customer relationships |
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1,750 |
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(1,093 |
) |
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657 |
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Acquisition-related trade names |
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61 |
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(53 |
) |
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8 |
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Licensed technology and patents |
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3,089 |
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(1,225 |
) |
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1,864 |
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Identified intangible assets subject to amortization |
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7,974 |
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(4,718 |
) |
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3,256 |
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Acquisition-related trade names |
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767 |
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— |
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767 |
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Other intangible assets |
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203 |
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— |
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203 |
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Identified intangible assets not subject to amortization |
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970 |
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— |
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970 |
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Total identified intangible assets |
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$ |
8,944 |
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$ |
(4,718 |
) |
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$ |
4,226 |
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December 27, 2014 |
(In Millions) |
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Gross Assets |
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Accumulated
Amortization |
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Net |
Acquisition-related developed technology |
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$ |
3,009 |
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$ |
(2,192 |
) |
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$ |
817 |
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Acquisition-related customer relationships |
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1,698 |
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(1,001 |
) |
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697 |
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Acquisition-related trade names |
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61 |
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(49 |
) |
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12 |
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Licensed technology and patents |
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3,153 |
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(1,224 |
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1,929 |
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Identified intangible assets subject to amortization |
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7,921 |
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(4,466 |
) |
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3,455 |
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Acquisition-related trade names |
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788 |
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— |
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788 |
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Other intangible assets |
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203 |
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— |
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203 |
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Identified intangible assets not subject to amortization |
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991 |
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— |
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991 |
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Total identified intangible assets |
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$ |
8,912 |
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$ |
(4,466 |
) |
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$ |
4,446 |
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Amortization expenses, with presentation location on the consolidated condensed statements of income, for each period were as follows:
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Three Months Ended |
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Six Months Ended |
(In Millions) |
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Location |
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Jun 27,
2015 |
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Jun 28,
2014 |
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Jun 27,
2015 |
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Jun 28,
2014 |
Acquisition-related developed technology |
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Cost of sales |
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$ |
75 |
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$ |
147 |
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$ |
195 |
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$ |
293 |
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Acquisition-related customer relationships |
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Amortization of acquisition-related intangibles |
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66 |
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69 |
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126 |
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139 |
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Acquisition-related trade names |
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Amortization of acquisition-related intangibles |
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2 |
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3 |
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4 |
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6 |
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Licensed technology and patents |
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Cost of sales |
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71 |
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71 |
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140 |
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139 |
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Total amortization expenses |
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$ |
214 |
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$ |
290 |
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$ |
465 |
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$ |
577 |
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Based on identified intangible assets that are subject to amortization as of June 27, 2015, we expect future amortization expenses for each period to be as follows:
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(In Millions) |
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Remainder of 2015 |
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2016 |
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2017 |
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2018 |
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2019 |
Acquisition-related developed technology |
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$ |
147 |
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$ |
256 |
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$ |
107 |
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$ |
86 |
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$ |
77 |
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Acquisition-related customer relationships |
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131 |
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234 |
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148 |
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45 |
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27 |
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Acquisition-related trade names |
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5 |
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3 |
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— |
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— |
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— |
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Licensed technology and patents |
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137 |
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264 |
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221 |
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179 |
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179 |
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Total future amortization expenses |
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$ |
420 |
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$ |
757 |
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$ |
476 |
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$ |
310 |
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$ |
283 |
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