Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 26, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

NOTE 7: GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets to be disposed of as a result of our agreement with STG to sell certain assets of Enterprise Business were included in assets of discontinued operations in our condensed consolidated balance sheets as of June 26, 2021 and December 26, 2020, and accordingly, are excluded from the tables below.

Goodwill

Goodwill was $1,018 million as of June 26, 2021 and December 26, 2020.

Intangible Assets, Net


	June 26, 2021							December 26, 2020
(in millions)	Gross Assets		Accumulated Amortization			Net		Gross Assets		Accumulated Amortization			Net
Intangible assets subject to amortization:
Customer relationships and other	$	758	$	(605	)	$	153	$	758	$	(556	)	$	202
Acquired and developed technology		517		(450	)		67		517		(401	)		116
Total intangible assets subject to amortization		1,275		(1,055	)		220		1,275		(957	)		318
Intangible assets not subject to amortization:
Brand		411		—			411		411		—			411
Total intangible assets not subject to amortization		411		—			411		411		—			411
Total intangible assets	$	1,686	$	(1,055	)	$	631	$	1,686	$	(957	)	$	729

Amortization expense for purchased and developed intangible assets is as follows:


	Three Months Ended				Six Months Ended
(in millions)	June 26, 2021		June 27, 2020		June 26, 2021		June 27, 2020		Statements of Operations Classification
Customer relationships and other	$	13	$	36	$	49	$	72	Amortization of intangibles
Acquired and developed technology		22		27		49		54	Cost of sales
Total	$	35	$	63	$	98	$	126

Based on identified intangible assets that are subject to amortization as of June 26, 2021, we expect future amortization expense to be as follows:


(in millions)	Total
Remainder of 2021	$	72
2022		76
2023		28
2024		20
2025		19
Thereafter		5
Total	$	220