Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Goodwill and Other (Tables)

v3.24.3
Intangible Assets, Goodwill and Other (Tables)
 9 Months Ended
Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill
The carrying amount of goodwill was assigned to reporting units within the following reportable segments:
December 30, 2023 Acquisitions September 28, 2024
(In millions)
Data Center $ 2,942  $ 461  $ 3,403 
Client 18  108  126 
Gaming 238  —  238 
Embedded 21,064  8  21,072 
Total $ 24,262  $ 577  $ 24,839 
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class
September 28, 2024 December 30, 2023
Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
(In millions) (In millions)
Developed technology $ 13,409  $ (2,279) $ 11,130  $ 13,390  $ (1,583) $ 11,807 
Customer relationships 12,324  (4,811) 7,513  12,324  (3,755) 8,569 
Customer backlog 809  (809) —  809  (809) — 
Corporate trade name 65  (65) —  65  (65) — 
Product trademarks 914  (205) 709  914  (147) 767 
Acquisition-related intangible assets subject to amortization
 27,521  (8,169) 19,352  27,502  (6,359) 21,143 
In-process research and development (IPR&D) not subject to amortization
 220  —  220  220  —  220 
Total acquisition-related intangible assets, net
 $ 27,741  $ (8,169) $ 19,572  $ 27,722  $ (6,359) $ 21,363 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Based on the carrying value of acquisition-related intangibles recorded as of September 28, 2024, and assuming no subsequent impairment of the underlying assets, the estimated annual amortization expense for acquisition-related intangibles is expected to be as follows:
Fiscal Year (In millions)
Remainder of 2024
 $ 565 
2025 2,154 
2026 2,040 
2027 1,922 
2028 1,846 
2029 and thereafter
 10,825 
Total $ 19,352