Note 11: Identified Intangible Assets

As a result of our acquisition of Mobileye during the third quarter of 2017, we recorded $4.5 billion of identified intangible assets. For further information about these acquired identified intangible assets, see "Note 10: Acquisitions and Divestitures."



	September 30, 2017
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	8,937	$	(1,686	)	$	7,251
Acquisition-related customer relationships	2,052		(265		)	1,787
Acquisition-related brands	143		(24		)	119
Licensed technology and patents	3,237		(1,504		)	1,733
Identified intangible assets subject to amortization	14,369		(3,479		)	10,890
In-process research and development	2,168		—			2,168
Identified intangible assets not subject to amortization	2,168		—			2,168
Total identified intangible assets	$	16,537	$	(3,479	)	$	13,058



	December 31, 2016
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	7,405	$	(1,836	)	$	5,569
Acquisition-related customer relationships	1,449		(260		)	1,189
Acquisition-related brands	87		(21		)	66
Licensed technology and patents	3,285		(1,423		)	1,862
Identified intangible assets subject to amortization	12,226		(3,540		)	8,686
In-process research and development	808		—			808
Identified intangible assets not subject to amortization	808		—			808
Total identified intangible assets	$	13,034	$	(3,540	)	$	9,494

Amortization expenses recorded in the consolidated condensed statements of income for each period were as follows:



		Three Months Ended				Nine Months Ended
(In Millions)	Location	Sep 30, 2017		Oct 1, 2016		Sep 30, 2017		Oct 1, 2016
Acquisition-related developed technology	Cost of sales	$	243	$	235	$	650	$	705
Acquisition-related customer relationships	Amortization of acquisition-related intangibles	45		69		113		234
Acquisition-related brands	Amortization of acquisition-related intangibles	4		5		11		19
Licensed technology and patents	Cost of sales	73		76		225		218
Total amortization expense		$	365	$	385	$	999	$	1,176

We expect future amortization expense for the next five years to be as follows:



(In Millions)	Remainder of 2017		2018		2019		2020		2021
Acquisition-related developed technology	$	262	$	1,045	$	1,043	$	1,011	$	976
Acquisition-related customer relationships	48		181		180		179		179
Acquisition-related brands	5		20		20		20		20
Licensed technology and patents	61		239		227		202		187
Total future amortization expenses	$	376	$	1,485	$	1,470	$	1,412	$	1,362