Intangible Assets, Net

6 Months Ended

Mar. 29, 2024

Intangible Assets, Net

Intangible Assets, Net

6. Intangible Assets, Net

Intangible assets consisted of the following:

	March 29, 2024						September 29, 2023
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Amortization		Amount		Amount		Amortization		Amount
	(in millions)
Customer relationships	$	1,850	$	(869)	$	981	$	1,720	$	(806)	$	914
Intellectual property		720		(494)		226		1,186		(938)		248
Other		18		(5)		13		19		(6)		13
Total	$	2,588	$	(1,368)	$	1,220	$	2,925	$	(1,750)	$	1,175

Intangible asset amortization expense was $43 million and $49 million for the quarters ended March 29, 2024 and March 31, 2023, respectively, and $85 million and $95 million for the six months ended March 29, 2024 and March 31, 2023, respectively.

At March 29, 2024, the aggregate amortization expense on intangible assets is expected to be as follows:

	(in millions)
Remainder of fiscal 2024	$	83
Fiscal 2025		159
Fiscal 2026		152
Fiscal 2027		134
Fiscal 2028		100
Fiscal 2029		93
Thereafter		499
Total	$	1,220