XML 34 R17.htm IDEA: XBRL DOCUMENT v3.23.2
Goodwill and Intangible Assets, net
 6 Months Ended
Jul. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, net Goodwill and Intangible Assets, netOur goodwill balance and changes in carrying value by segment are as follows:
(in millions)Products and SolutionsADI Global DistributionTotal
Balance at December 31, 2022
$2,072 $652 $2,724 
Acquisitions— 4 4 
Adjustments(2)(1)(3)
Impact of foreign currency translation 8 4 12 
Balance at July 1, 2023$2,078 $659 $2,737 

The following table summarizes the net carrying amount of intangible assets:

(in millions)July 1, 2023December 31, 2022
Intangible assets subject to amortization$287 $295 
Indefinite-lived intangible assets180 180 
Total intangible assets$467 $475 

Intangible assets subject to amortization consisted of the following:

July 1, 2023December 31, 2022
(in millions)Gross
Carrying
Amount		Accumulated
Amortization 		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization 		Net
Carrying
Amount
Patents and technology$65 $(30)$35 $65 $(28)$37 
Customer relationships318 (129)189 313 (117)196 
Trademarks14 (10)4 14 (8)6 
Software184 (125)59 175 (119)56 
Intangible assets subject to amortization$581 $(294)$287 $567 $(272)$295 
Intangible assets amortization expense was $10 million and $19 million for the three and six months ended July 1, 2023, respectively. For the three and six months ended July 2, 2022, intangible assets amortization expense was $9 million and $16 million, respectively.