Intangible Assets, Goodwill and Other

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Acquisition-related Intangible Assets and Goodwill

Acquisition-related Intangible Assets

Acquisition-related intangibles as of December 31, 2022 were as follows:

	Weighted-average Remaining Useful Life	December 31, 2022
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
		(In millions)
Developed technology	15 years	$	12,360	$	(738)	$	11,622
Customer relationships	13 years	12,324		(1,973)		10,351
Customer backlog	1 month	809		(712)		97
Corporate trade name	1 month	65		(57)		8
Product trademarks	11 years	914		(68)		846
Identified intangible assets subject to amortization		26,472		(3,548)		22,924
IPR&D not subject to amortization	N/A	1,194		—		1,194
Total acquisition-related intangible assets		$	27,666	$	(3,548)	$	24,118

Acquisition-related intangible asset balance as of December 25, 2021 was not material.

Acquisition-related intangible amortization expense was $3.5 billion in fiscal year 2022.

Based on the carrying value of acquisition-related intangibles recorded as of December 31, 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)
2023	$	2,804
2024	2,286
2025	2,061
2026	1,951
2027	1,844
2028 and thereafter	11,978
Total	$	22,924

Goodwill

In the second quarter of fiscal year 2022, the Company reassigned goodwill balances among the updated reportable segments to reflect changes in its segment reporting structure. The Company performed a goodwill impairment test immediately prior to and after the segment change and determined that no indicators of impairment to goodwill existed.

The carrying amount of goodwill as of December 31, 2022 and December 25, 2021 was $24.2 billion and $289 million, respectively, and was assigned to reporting units within the following reportable segments:

	December 25, 2021		Acquisitions		Adjustments and Reassignment due to segment change		December 31, 2022
	(In millions)
Reportable segments before segment change:
Enterprise, Embedded and Semi-Custom	$	289	$	—	$	(289)	$	—
Xilinx	—		22,794		(22,794)		—
Reportable segments after segment change:
Data Center	—		1,094		1,790		2,884
Gaming	—		—		238		238
Embedded	—		—		21,055		21,055
Total	$	289	$	23,888	$	—	$	24,177

During the fourth quarter of fiscal years 2022 and 2021, the Company conducted its annual impairment tests of goodwill and concluded that there was no goodwill impairment with respect to its reporting units.