Intangible Assets, Net

9 Months Ended

Jun. 24, 2022

Intangible Assets, Net

Intangible Assets, Net

6. Intangible Assets, Net

Intangible assets consisted of the following:

	June 24, 2022						September 24, 2021
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Amortization		Amount		Amount		Amortization		Amount
	(in millions)
Customer relationships	$	1,687	$	(700)	$	987	$	1,766	$	(660)	$	1,106
Intellectual property		1,216		(860)		356		1,262		(832)		430
Other		18		(6)		12		19		(6)		13
Total	$	2,921	$	(1,566)	$	1,355	$	3,047	$	(1,498)	$	1,549

Intangible asset amortization expense was $48 million for both the quarters ended June 24, 2022 and June 25, 2021, and $145 million and $144 million for the nine months ended June 24, 2022 and June 25, 2021, respectively.

At June 24, 2022, the aggregate amortization expense on intangible assets is expected to be as follows:

	(in millions)
Remainder of fiscal 2022	$	48
Fiscal 2023		191
Fiscal 2024		161
Fiscal 2025		146
Fiscal 2026		139
Fiscal 2027		120
Thereafter		550
Total	$	1,355