Other Intangible Assets

12 Months Ended

Jul. 03, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Note 13. Goodwill and Other Intangible Assets

The following table summarizes the activity related to the carrying amount of goodwill:



	Carrying Amount
Balance as of June 28, 2013	$	1,954
Goodwill recorded in connection with acquisitions	605
Balance as of June 27, 2014	$	2,559
Goodwill recorded in connection with acquisitions	207
Balance as of July 3, 2015	$	2,766

Intangible assets as of July 3, 2015 were as follows:



	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(in years)	(in millions)		(in millions)		(in millions)
Existing technology	5	$	638	$	471	$	167
Customer relationships	4	152		126		26
Other	3	74		68		6
Leasehold interests	31	39		11		28
In-process research and development	—	105		—		105
Total		$	1,008	$	676	$	332

Intangible assets as of June 27, 2014 were as follows:



	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(in years)	(in millions)		(in millions)		(in millions)
Existing technology	5	$	566	$	368	$	198
Customer relationships	4	148		97		51
Other	3	73		55		18
Leasehold interests	32	43		10		33
In-process research and development	—	154		—		154
Total		$	984	$	530	$	454

Other intangible assets are amortized on a straight-line basis over the respective estimated useful lives of the assets. Amortization expense for intangible assets was $171 million, $213 million and $209 million for 2015, 2014 and 2013, respectively. During 2015 and 2014, the Company recorded $39 million and $53 million of impairment charges related to intangible assets, respectively, which are recorded in the employee termination, asset impairment and other charges within the Company's consolidated statements of income. The impairment charges primarily relate to acquired in-process research and development projects that were abandoned and resulted in full impairment in both 2015 and 2014. As of July 3, 2015, estimated future amortization expense for intangible assets currently subject to amortization is $95 million for 2016, $64 million for 2017, $20 million for 2018, $11 million for 2019 and $10 million for 2020.

- 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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