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Goodwill and Intangible Assets
 3 Months Ended
Sep. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
Goodwill by reporting unit as of September 29, 2019 was as follows:
(in millions of U.S. Dollars)
September 29, 2019
Wolfspeed

$349.7

LED Products
180.3

Total

$530.0



There were no changes in goodwill during the three months ended September 29, 2019.
Intangible Assets, net
The following table presents the components of intangible assets, net:
 
September 29, 2019
 
June 30, 2019
(in millions of U.S. Dollars)
Gross
 
Accumulated Amortization
 
Net
 
Gross
 
Accumulated Amortization
 
Net
Customer relationships

$147.8

 

($65.3
)
 

$82.5

 

$147.8

 

($63.8
)
 

$84.0

Developed technology
74.9

 
(25.7
)
 
49.2

 
75.9

 
(24.5
)
 
51.4

Non-compete agreements
12.2

 
(4.9
)
 
7.3

 
12.2

 
(4.1
)
 
8.1

Trade names, finite-lived
0.5

 
(0.5
)
 
—

 
0.5

 
(0.5
)
 
—

Acquisition related intangible assets
235.4

 
(96.4
)
 
139.0

 
236.4

 
(92.9
)
 
143.5

Patent and licensing rights
111.1

 
(58.2
)
 
52.9

 
120.4

 
(66.0
)
 
54.4

Total intangible assets

$346.5

 

($154.6
)
 

$191.9

 

$356.8

 

($158.9
)
 

$197.9


Total amortization of acquisition related intangibles assets was $3.6 million and $3.9 million for the three months ended September 29, 2019 and September 23, 2018, respectively. Total amortization of patents and licensing rights was $2.2 million and $2.4 million for the three months ended September 29, 2019 and September 23, 2018.
In the first quarter of fiscal 2020, $0.9 million of developed technology, net relating to a favorable lease was reclassified as a right-of-use asset in accordance with the Company's adoption of ASC 842, Leases.
Total future amortization expense of intangible assets is estimated to be as follows:
(in millions of U.S. Dollars)

Fiscal Year Ending
Acquisition Related Intangibles
 
Patents
 
Total

June 28, 2020 (remainder of fiscal 2020)

$10.9

 

$6.4

 

$17.3

June 27, 2021
14.5

 
7.8

 
22.3

June 26, 2022
13.5

 
7.0

 
20.5

June 25, 2023
11.0

 
6.1

 
17.1

June 30, 2024
10.4

 
5.3

 
15.7

Thereafter
78.7

 
20.3

 
99.0

Total future amortization expense

$139.0

 

$52.9

 

$191.9