Goodwill and Intangible Assets

3 Months Ended

Mar. 27, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

8. Intangible Assets

The Company annually tests the indefinite-lived intangible assets for impairment, or whenever events or changes in circumstances indicate that the carrying value may not be recoverable by either a qualitative or income approach. Management relies on a number of qualitative factors when considering a potential impairment such as changes to planned revenue or earnings that could affect significant inputs used to determine the fair value of the indefinite-lived intangible asset.

The gross carrying amount and accumulated amortization of intangible assets were comprised of the following at the end of each period:

	March 27, 2020				December 27, 2019
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable:
Completed technology	$	10,456.9	$	4,018.5	$	10,456.9	$	3,822.8
License agreements	120.1		75.1		120.1		74.1
Trademarks	77.7		21.0		77.7		20.1
Total	$	10,654.7	$	4,114.6	$	10,654.7	$	3,917.0
Non-Amortizable:
Trademarks	$	35.0			$	35.0
In-process research and development	245.3				245.3
Total	$	280.3			$	280.3

Intangible asset amortization expense

Intangible asset amortization expense was as follows:

	Three Months Ended
	March 27, 2020		March 29, 2019
Amortization expense	$	197.6	$	222.8

The estimated aggregate amortization expense on intangible assets owned by the Company is expected to be as follows:

Remainder of Fiscal 2020	$	556.6
Fiscal 2021	657.6
Fiscal 2022	585.1
Fiscal 2023	581.1
Fiscal 2024	581.1