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Intangible Assets, Goodwill and Other
9 Months Ended
Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure Goodwill and Acquisition-related Intangibles, net
Goodwill
The carrying amount of goodwill was assigned to reporting units within the following reportable segments:
December 30, 2023AcquisitionsSeptember 28, 2024
(In millions)
Data Center$2,942 $461 $3,403 
Client18 108 126 
Gaming 238 — 238 
Embedded21,064 21,072 
Total $24,262 $577 $24,839 
Acquisition-related Intangibles, net
Acquisition-related intangibles, net were as follows:
September 28, 2024December 30, 2023
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(In millions)(In millions)
Developed technology$13,409 $(2,279)$11,130 $13,390 $(1,583)$11,807 
Customer relationships12,324 (4,811)7,513 12,324 (3,755)8,569 
Customer backlog809 (809)— 809 (809)— 
Corporate trade name65 (65)— 65 (65)— 
Product trademarks914 (205)709 914 (147)767 
Acquisition-related intangible assets subject to amortization
27,521 (8,169)19,352 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, net
$27,741 $(8,169)$19,572 $27,722 $(6,359)$21,363 
Acquisition-related intangible amortization expense was $585 million and $1.8 billion for the three and nine months ended September 28, 2024, and $660 million and $2.2 billion for the three and nine months ended September 30, 2023, respectively.
Based on the carrying value of acquisition-related intangibles recorded as of September 28, 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
$565 
20252,154 
20262,040 
20271,922 
20281,846 
2029 and thereafter
10,825 
Total$19,352