Goodwill and Other Intangibles

3 Months Ended

Mar. 04, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES

Goodwill as of March 4, 2022 and December 3, 2021 was $12.80 billion and $12.67 billion, respectively. The increase was primarily due to the completion of a business acquisition in the first quarter of fiscal 2022.

Other intangible assets subject to amortization as of March 4, 2022 and December 3, 2021 were as follows: 

(in millions)	2022						2021
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Customer contracts and relationships	$	1,206	$	(404)	$	802	$	1,213	$	(379)	$	834
Purchased technology	1,077		(396)		681		1,053		(344)		709
Trademarks	376		(139)		237		376		(128)		248
Other	60		(37)		23		60		(31)		29
Other intangibles, net	$	2,719	$	(976)	$	1,743	$	2,702	$	(882)	$	1,820

Amortization expense related to other intangibles was $101 million and $90 million for the three months ended March 4, 2022 and March 5, 2021, respectively. Of these amounts, $59 million and $45 million were included in cost of revenue for the three months ended March 4, 2022 and March 5, 2021, respectively.

As of March 4, 2022, the estimated aggregate amortization expense in future periods was as follows:

(in millions)	Other Intangibles (1)
Remainder of 2022	$	302
2023	373
2024	328
2025	292
2026	142
Thereafter	287
Total expected amortization expense	$	1,724

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(1)Excludes $19 million of capitalized in-process research and development which is considered indefinite lived until the completion or abandonment of the associated research and development efforts.