Intangible Assets, Goodwill and Other

3 Months Ended

Mar. 26, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

Acquisition-related Intangible Assets and Goodwill

Acquisition-related Intangible Assets

Acquisition-related intangibles as of March 26, 2022 were as follows:

	Weighted-average Remaining Useful Life (In years)	March 26, 2022
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
		(In millions)
Developed technology	16 years	$	12,295	$	(95)	$	12,200
Customer relationships	14 years	12,290		(277)		12,013
Customer backlog	1 year	793		(91)		702
Corporate trade name	1 year	65		(7)		58
Product trademarks	12 years	895		(9)		886
Identified intangible assets subject to amortization		26,338		(479)		25,859
IPR&D not subject to amortization	N/A	973		—		973
Total acquisition-related intangible assets		$	27,311	$	(479)	$	26,832

Acquisition-related intangible asset balance as of March 27, 2021 was not material.

Acquisition-related intangible amortization expense was $479 million for the three months ended March 26, 2022.

Based on the carrying value of acquisition-related intangibles recorded as of March 26, 2022, 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 2022	$	3,000
2023	2,780
2024	2,260
2025	2,040
2026	1,941
2027 and thereafter	13,838
Total	$	25,859

Goodwill

The carrying amount of goodwill as of March 26, 2022 and March 27, 2021 was $23.1 billion and $289 million, respectively, and was allocated to reporting units within the following operating segments:

	March 26, 2022		December 26, 2021
	(In millions)
Enterprise, Embedded and Semi-custom	$	289	$	289
Xilinx	22,794		—
Total	$	23,083	$	289