Goodwill and Other Intangible Assets, Net (Tables)

6 Months Ended

Jul. 02, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill Balance and Changes in Carrying Amount of Goodwill by Segment

The Company's goodwill balance and changes in the carrying amount of goodwill by segment are as follows (in millions):

	Products & Solutions			ADI Global Distribution			Total
Balance as of December 31, 2021	$	2,010		$	651		$	2,661
Adjusted Goodwill from acquisitions		72			7			79
Currency translation		(34	)		(11	)		(45	)
Balance as of July 2, 2022	$	2,048		$	647		$	2,695

Schedule of Intangible Assets With Finite Lives

The table that follows presents the major components of intangible assets as of July 2, 2022 and December 31, 2021.

	Range of Life (Years)	Weighted Average Amortization Period (Years)	Cost		Accumulated Amortization			Net Carrying Amount
As of July 2, 2022
Other intangible assets, net:
Patents and technology	3-10	10	$	64	$	(24	)	$	40
Customer relationships	7-15	14		294		(107	)		187
Trademarks (1)	10-Indefinite	10		194		(8	)		186
Software	2-7	6		164		(114	)		50
Total intangible assets			$	716	$	(253	)	$	463
As of December 31, 2021
Other intangible assets, net:
Patents and technology	3-10	9	$	31	$	(23	)	$	8
Customer relationships	7-15	14		162		(106	)		56
Trademarks	10	10		14		(8	)		6
Software	2-7	6		162		(112	)		50
Total intangible assets			$	369	$	(249	)	$	120

(1)Includes trademarks of $180 million that have been assigned an indefinite life.

Schedule of Estimated Amortization Expense

The Company uses the straight-line method of amortization and expects to recognize amortization expense over the next five fiscal years as follows (in millions):

2022 (excluding the six months ended July 2, 2022)	$	19
2023		44
2024		32
2025		31
2026		27