Goodwill and Intangible Assets, net (Tables)

3 Months Ended

Mar. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Our goodwill balance and changes in carrying value by segment are as follows:

(in millions)	Products and Solutions		ADI Global Distribution		Total
Balance at January 1, 2024	$	2,045	$	660	$	2,705
Impact of foreign currency translation	(12)		(4)		(16)
Balance at March 30, 2024	$	2,033	$	656	$	2,689

Schedule of Indefinite-Lived Intangible Assets

The following table summarizes the net carrying amount of intangible assets:

(in millions)	March 30, 2024		December 31, 2023
Intangible assets subject to amortization	$	276	$	281
Indefinite-lived intangible assets	180		180
Total intangible assets	$	456	$	461

Schedule of Intangible Assets With Finite Lives

The following table summarizes the net carrying amount of intangible assets:

(in millions)	March 30, 2024		December 31, 2023
Intangible assets subject to amortization	$	276	$	281
Indefinite-lived intangible assets	180		180
Total intangible assets	$	456	$	461

Intangible assets subject to amortization consisted of the following:

	March 30, 2024						December 31, 2023
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Patents and technology	$	63	$	(28)	$	35	$	64	$	(26)	$	38
Customer relationships	316		(140)		176		319		(138)		181
Trademarks	9		(8)		1		9		(8)		1
Software	198		(134)		64		193		(132)		61
Intangible assets subject to amortization	$	586	$	(310)	$	276	$	585	$	(304)	$	281