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Intangible Assets, Goodwill and Other
6 Months Ended
Jun. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure Acquisition-related Intangibles, net
Acquisition-related intangibles, net were as follows:
June 29, 2024December 30, 2023
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(In millions)(In millions)
Developed technology$13,390 $(2,045)$11,345 $13,390 $(1,583)$11,807 
Customer relationships12,324 (4,479)7,845 12,324 (3,755)8,569 
Customer backlog809 (809)— 809 (809)— 
Corporate trade name65 (65)— 65 (65)— 
Product trademarks914 (186)728 914 (147)767 
Identified intangible assets subject to amortization27,502 (7,584)19,918 27,502 (6,359)21,143 
In-process research and development (IPR&D) not subject to amortization
220 — 220 220 — 220 
Total acquisition-related intangible assets$27,722 $(7,584)$20,138 $27,722 $(6,359)$21,363 
Developed technology and customer relationships were acquired primarily from the Xilinx acquisition on February 14, 2022. Acquisition-related intangible amortization expense was $603 million and $1.2 billion for the three and six months ended June 29, 2024, and $693 million and $1.5 billion for the three and six months ended July 1, 2023, respectively.
Based on the carrying value of acquisition-related intangibles recorded as of June 29, 2024, and assuming no subsequent impairment of the underlying assets, the estimated annual amortization expense for acquisition-related intangibles is expected to be as follows:
Fiscal Year(In millions)
Remainder of 2024
$1,146 
20252,145 
20262,034 
20271,922 
20281,846 
2029 and thereafter
10,825 
Total$19,918