GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amounts of Goodwill

The assignment of goodwill and changes in the carrying amount of goodwill, by business segment, are as follows:

(In millions)	IMS		SAS		CS		Total
Balance at December 30, 2022	$	7,709	$	5,778	$	3,796	$	17,283
Reallocation of goodwill in business realignment	(327)		327		—		—
Goodwill from TDL acquisition	—		—		1,117		1,117
Goodwill decrease from divestitures(1)	—		(9)		—		(9)
Currency translation adjustments	14		11		1		26
Balance at June 30, 2023	$	7,396	$	6,107	$	4,914	$	18,417

_______________

(1)During the two quarters ended June 30, 2023, we assigned an additional $9 million of goodwill to our VIS business and completed the divestiture. We derecognized $39 million of intangible assets as part of determining the gain on sale. The assets (including goodwill) of VIS were included in the “Assets of business held for sale” line item in our Condensed Consolidated Balance Sheet at December 30, 2022. See Note B: Acquisitions, Divestitures and Asset Sales in these Notes for further information.

Schedule of Finite-Lived Intangible Assets

Identifiable intangible assets, net are summarized below:

	June 30, 2023						December 30, 2022
(In millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount(1)
Customer relationships(2)	$	6,539	$	2,480	$	4,059	$	6,124	$	2,189	$	3,935
Developed technologies(3)	914		413		501		566		366		200
Contract backlog	2		2		—		1		1		—
Trade names — divisions	95		57		38		95		53		42
Other	2		2		—		2		2		—
Total finite-lived identifiable intangible assets	7,552		2,954		4,598		6,788		2,611		4,177
In-process research and development	—		—		—		21		—		21
Trade names — corporate	1,803		—		1,803		1,803		—		1,803
Total identifiable intangible assets, net	$	9,355	$	2,954	$	6,401	$	8,612	$	2,611	$	6,001

_______________

(1)During the two quarters ended June 30, 2023, we completed the divestiture of our VIS business. We derecognized $10 million of intangible assets as part of determining the gain on sale which was assigned during fiscal 2022. See Note B: Acquisitions, Divestitures and Asset Sales in these Notes for further information.

(2)Includes $406 million of customer relationship intangible assets acquired from the TDL acquisition and $31 million of accumulated amortization recognized during the two quarters ended June 30, 2023. See Note B: Acquisitions, Divestitures and Asset Sales in these Notes for additional information.

(3)Includes $346 million of developed technology intangible assets acquired in the TDL acquisition and $10 million of accumulated amortization recognized during the two quarters ended June 30, 2023. See Note B: Acquisitions, Divestitures and Asset Sales in these Notes for additional information.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future estimated amortization expense for identifiable intangible assets is as follows:

	(In millions)
Year 1	$	662
Year 2	598
Year 3	529
Year 4	467
Year 5	437
Thereafter	1,905
Total	$	4,598