Identified Intangible Assets

12 Months Ended

Dec. 30, 2023

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Identified Intangible Assets [Text Block]

Note 12 : Identified Intangible Assets

	December 30, 2023						December 31, 2022
(In Millions)	Gross Assets		Accumulated Amortization		Net		Gross Assets		Accumulated Amortization		Net
Developed technology	$	10,520	$	(7,996)	$	2,524	$	10,964	$	(7,216)	$	3,748
Customer relationships and brands	1,986		(1,286)		700		1,986		(1,114)		872
Licensed technology and patents	3,088		(1,728)		1,360		3,219		(1,821)		1,398
Other non-amortizing intangibles	5		—		5		—		—		—
Total identified intangible assets	$	15,599	$	(11,010)	$	4,589	$	16,169	$	(10,151)	$	6,018

During 2022 and 2023, we entered into and/or renewed several licensed technology arrangements totaling $634 million and $309 million respectively, which are subject to amortization.

Amortization expenses recorded for identified intangible assets in the Consolidated Statements of Income for each period and the weighted average useful life were as follows:

Years Ended (In Millions)	Location	Dec 30, 2023		Dec 31, 2022		Dec 25, 2021		Weighted Average Useful Life1
Developed technology	Cost of sales	$	1,235	$	1,341	$	1,283	9.1 years
Customer relationships and brands	Marketing, general, and administrative	172		185		209		11.6 years
Licensed technology and patents	Cost of sales	348		381		347		12.2 years
Total amortization expenses		$	1,755	$	1,907	$	1,839

1 Represents weighted average useful life in years of intangible assets as of December 30, 2023.

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

(In Millions)	2024		2025		2026		2027		2028		Thereafter		Total
Future amortization expenses	$	1,360	$	948	$	742	$	552	$	339	$	643	$	4,584