Quarterly report pursuant to Section 13 or 15(d)

Identified Intangible Assets

v3.3.0.814
Identified Intangible Assets
9 Months Ended
Sep. 26, 2015
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Identified Intangible Assets [Text Block]
Note 9: Identified Intangible Assets
Identified intangible assets at the end of each period were as follows:
 
 
September 26, 2015
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
2,846

 
$
(2,202
)
 
$
644

Acquisition-related customer relationships
 
1,733

 
(1,154
)
 
579

Acquisition-related trade names
 
59

 
(53
)
 
6

Licensed technology and patents
 
3,106

 
(1,283
)
 
1,823

Identified intangible assets subject to amortization
 
7,744

 
(4,692
)
 
3,052

Acquisition-related trade names
 
767

 

 
767

Other intangible assets
 
203

 

 
203

Identified intangible assets not subject to amortization
 
970

 

 
970

Total identified intangible assets
 
$
8,714

 
$
(4,692
)
 
$
4,022


 
 
December 27, 2014
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
3,009

 
$
(2,192
)
 
$
817

Acquisition-related customer relationships
 
1,698

 
(1,001
)
 
697

Acquisition-related trade names
 
61

 
(49
)
 
12

Licensed technology and patents
 
3,153

 
(1,224
)
 
1,929

Identified intangible assets subject to amortization
 
7,921

 
(4,466
)
 
3,455

Acquisition-related trade names
 
788

 

 
788

Other intangible assets
 
203

 

 
203

Identified intangible assets not subject to amortization
 
991

 

 
991

Total identified intangible assets
 
$
8,912

 
$
(4,466
)
 
$
4,446


Amortization expenses, with presentation location on the consolidated condensed statements of income, for each period were as follows:
 
 
 
 
Three Months Ended
 
Nine Months Ended
(In Millions)
 
Location
 
Sep 26,
2015
 
Sep 27,
2014
 
Sep 26,
2015
 
Sep 27,
2014
Acquisition-related developed technology
 
Cost of sales
 
$
76

 
$
161

 
$
271

 
$
454

Acquisition-related customer relationships
 
Amortization of acquisition-related intangibles
 
66

 
75

 
192

 
214

Acquisition-related trade names
 
Amortization of acquisition-related intangibles
 
2

 
2

 
6

 
8

Licensed technology and patents
 
Cost of sales
 
71

 
69

 
211

 
208

Total amortization expenses
 
 
 
$
215

 
$
307

 
$
680

 
$
884


Based on identified intangible assets that are subject to amortization as of September 26, 2015, we expect future amortization expenses for each period to be as follows:
(In Millions)
 
Remainder of 2015
 
2016
 
2017
 
2018
 
2019
Acquisition-related developed technology
 
$
72

 
$
251

 
$
105

 
$
86

 
$
77

Acquisition-related customer relationships
 
66

 
236

 
149

 
45

 
27

Acquisition-related trade names
 
3

 
3

 

 

 

Licensed technology and patents
 
67

 
268

 
225

 
182

 
182

Total future amortization expenses
 
$
208

 
$
758

 
$
479

 
$
313

 
$
286