Goodwill

12 Months Ended

Dec. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Acquisition-related Intangible Assets and Goodwill

Acquisition-related Intangible Assets

Acquisition-related intangibles as of December 30, 2023 and December 31, 2022 were as follows:

	December 30, 2023						December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(In millions)						(In millions)
Developed technology	$	13,390	$	(1,583)	$	11,807	$	12,360	$	(738)	$	11,622
Customer relationships	12,324		(3,755)		8,569		12,324		(1,973)		10,351
Customer backlog	809		(809)		—		809		(712)		97
Corporate trade name	65		(65)		—		65		(57)		8
Product trademarks	914		(147)		767		914		(68)		846
Identified intangible assets subject to amortization	27,502		(6,359)		21,143		26,472		(3,548)		22,924
IPR&D not subject to amortization	220		—		220		1,194		—		1,194
Total acquisition-related intangible assets	$	27,722	$	(6,359)	$	21,363	$	27,666	$	(3,548)	$	24,118

Acquisition-related intangible amortization expense was $2.8 billion and $3.5 billion in fiscal year 2023 and 2022, respectively. In the fourth quarter of 2023, $970 million of IPR&D intangible assets acquired from Xilinx reached technological feasibility and were reclassified as developed technology, and began amortization over their estimated useful lives.

Based on the carrying value of acquisition-related intangibles recorded as of December 30, 2023, 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)
2024	$	2,371
2025	2,145
2026	2,034
2027	1,922
2028	1,846
2029 and thereafter	10,825
Total	$	21,143

Goodwill

The carrying amount of goodwill as of December 30, 2023 and December 31, 2022 was $24.3 billion and $24.2 billion, 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		Acquisitions		December 30, 2023
	(In millions)						(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		58		2,942
Client	—		—		—		—		18		18
Gaming	—		—		238		238		—		238
Embedded	—		—		21,055		21,055		9		21,064
Total	$	289	$	23,888	$	—	$	24,177	$	85	$	24,262

*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.

During the fourth quarter of fiscal years 2023 and 2022, the Company conducted its annual qualitative impairment tests of goodwill and concluded that there was no goodwill impairment with respect to its reporting units.