Goodwill and Other Intangibles

9 Months Ended

Oct. 02, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Changes in the net carrying value of goodwill by segment were as follows (in millions):


	AIT		EVM		Total
Goodwill as of December 31, 2020	$	228	$	2,760	$	2,988
Retail Solutions move to EVM segment, effective January 1, 2021	(59)		59		—
Fetch acquisition	—		207		207
Adaptive Vision acquisition	—		7		7
Reflexis purchase price allocation adjustments	—		(7)		(7)
Reflexis purchase price reduction	—		(1)		(1)

Goodwill as of October 2, 2021	$	169	$	3,025	$	3,194

Other Intangibles, net

The balances in Other Intangibles, net consisted of the following (in millions):


	As of October 2, 2021						As of December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortized intangible assets:
Technology and patents	$	851	$	(553)	$	298	$	739	$	(527)	$	212
Customer and other relationships	624		(484)		140		620		(431)		189
Trade names	63		(45)		18		44		(43)		1
Total	$	1,538	$	(1,082)	$	456	$	1,403	$	(1,001)	$	402

During the three months ended October 2, 2021 and September 26, 2020, the Company recognized amortization expense of $29 million and $20 million, respectively. During the nine months ended October 2, 2021 and September 26, 2020, the Company recognized amortization expense of $81 million and $52 million, respectively.

As of October 2, 2021, estimated future intangible asset amortization expense is as follows (in millions):


2021 (remaining 3 months)	$	31
2022	110
2023	64
2024	62
2025	62
Thereafter	127
Total	$	456

See Note 5, Business Acquisitions for further details related to the Company’s acquisitions and purchase price allocation adjustments.