GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 29, 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)	SAS		IMS		CS		AR		Total
Balance at December 30, 2022	$	5,778	$	7,709	$	3,796	$	—	$	17,283
Reallocation of goodwill in business realignment	327		(327)		—		—		—
Goodwill from TDL acquisition	—		—		1,117		—		1,117
Goodwill from AJRD acquisition	—		—		—		2,348		2,348
Goodwill decrease from divestitures(1)	(9)		—		—		—		(9)
Currency translation adjustments	(5)		2				—		(3)
Balance at September 29, 2023	$	6,091	$	7,384	$	4,913	$	2,348	$	20,736

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(1)During the three quarters ended September 29, 2023, we assigned an additional $9 million of goodwill to our VIS business and completed the divestiture. We derecognized $39 million of goodwill 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 Indefinite-Lived Intangible Assets

Identifiable intangible assets, net are summarized below:

	September 29, 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	$	9,270	$	2,658	$	6,612	$	6,124	$	2,189	$	3,935
Developed technologies	915		435		480		566		366		200
Contract backlog	2		1		1		1		1		—
Trade names — divisions	215		61		154		95		53		42
Other	2		2		—		2		2		—
Total finite-lived identifiable intangible assets	10,404		3,157		7,247		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	$	12,207	$	3,157	$	9,050	$	8,612	$	2,611	$	6,001

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(1)During the three quarters ended September 29, 2023, we completed the divestiture of our VIS business. We derecognized $10 million of intangible assets as part of determining the gain on sale that was assigned during fiscal 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:

	September 29, 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	$	9,270	$	2,658	$	6,612	$	6,124	$	2,189	$	3,935
Developed technologies	915		435		480		566		366		200
Contract backlog	2		1		1		1		1		—
Trade names — divisions	215		61		154		95		53		42
Other	2		2		—		2		2		—
Total finite-lived identifiable intangible assets	10,404		3,157		7,247		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	$	12,207	$	3,157	$	9,050	$	8,612	$	2,611	$	6,001

_______________

(1)During the three quarters ended September 29, 2023, we completed the divestiture of our VIS business. We derecognized $10 million of intangible assets as part of determining the gain on sale that was assigned during fiscal 2022. See Note B: Acquisitions, Divestitures and Asset Sales in these Notes for further information.

Intangible assets acquired are as follows:

	TDL Acquisition						AJRD Acquisition
(In millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	406	$	46	$	360	$	2,740	$	37	$	2,703
Developed technologies	349		15		334		—		—		—
Trade names — divisions	—		—		—		120		1		119

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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

	(In millions)
Year 1	$	881
Year 2	805
Year 3	724
Year 4	572
Year 5	519
Thereafter	3,746
Total	$	7,247