Goodwill and Intangible Assets

9 Months Ended

Jun. 24, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The changes in the carrying amount of goodwill by segment are as follows ($ in millions):



	NA Integrated Solutions & Services			ROW Integrated Solutions & Services			Global Products			Total

Gross goodwill	$	2,102		$	1,938		$	1,809		$	5,849
Accumulated impairment	(126		)	(1,068		)	(567		)	(1,761		)
Carrying amount of goodwill as of September 26, 2014	1,976			870			1,242			4,088
2015 activity:
Acquisitions / purchase accounting adjustments	23			50			274			347
Currency translation	(29		)	(167		)	(36		)	(232		)

Gross goodwill	$	2,096		$	1,821		$	2,047		$	5,964
Accumulated impairment	(126		)	(1,068		)	(567		)	(1,761		)
Carrying amount of goodwill as of September 25, 2015	1,970			753			1,480			4,203
2016 activity:
Acquisitions / purchase accounting adjustments	73			161			5			239
Currency translation	5			(23		)	(6		)	(24		)

Gross goodwill	$	2,174		$	1,959		$	2,046		$	6,179
Accumulated impairment	(126		)	(1,068		)	(567		)	(1,761		)
Carrying amount of goodwill as of June 24, 2016	$	2,048		$	891		$	1,479		$	4,418

Intangible Assets

The following table sets forth the gross carrying amount and accumulated amortization of the Company's intangible assets as of June 24, 2016 and September 25, 2015 ($ in millions):



	As of
	June 24, 2016				September 25, 2015
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable:
Contracts and related customer relationships	$	1,266	$	960	$	1,167	$	918
Intellectual property	879		528		760		496
Other	8		5		7		4
Total	$	2,153	$	1,493	$	1,934	$	1,418
Non-Amortizable:
Intellectual property	$	211			$	210
Franchise rights	76				76
In-process research and development	19				20
Total	$	306			$	306

Intangible asset amortization expense for the quarters ended June 24, 2016 and June 26, 2015 was $25 million and $24 million, respectively. Intangible asset amortization expense for the nine months ended June 24, 2016 and June 26, 2015 was $73 million and $65 million, respectively.

The estimated aggregate amortization expense on intangible assets is expected to be approximately $26 million for the remainder of 2016, $94 million for 2017, $88 million for 2018, $83 million for 2019, and $369 million for 2020 and thereafter.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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