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Goodwill and Acquisition-related Intangibles, net
 6 Months Ended
Jun. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Acquisition-related Intangibles, net Goodwill and Acquisition-related Intangibles, net
Goodwill
In the first quarter of fiscal year 2025, the Company assigned goodwill to its updated reporting units to reflect the change in its segment reporting structure. The Company performed a goodwill impairment test immediately prior to and after the segment change and determined that no indicators of impairment to goodwill existed.
The following table summarizes Goodwill:
Before segment change
After segment change
(in millions)
Data Center
Embedded
Client
Gaming
Client and Gaming
Total
December 28, 2024
$3,403 $21,072 $126 $238 $— $24,839 
Reassignment due to segment change
— — (126)(238)364 — 
Acquisitions
244 — — — — 244 
June 28, 2025
$3,647 $21,072 $— $— $364 $25,083 
Acquisition-related Intangibles, net
The following table summarizes Acquisition-related Intangibles Assets:
June 28, 2025December 28, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(In millions)(In millions)
Developed technology$13,587 $(3,040)$10,547 $13,408 $(2,529)$10,879 
Customer relationships12,324 (5,708)6,616 12,324 (5,124)7,200 
Product trademarks914 (265)649 914 (225)689 
Acquisition-related intangible assets subject to amortization
26,825 (9,013)17,812 26,646 (7,878)18,768 
In-process research and development (IPR&D) not subject to amortization
— — — 162 — 162 
Total acquisition-related intangible assets, net
$26,825 $(9,013)$17,812 $26,808 $(7,878)$18,930 
In April 2025, $162 million of IPR&D intangible asset reached technological feasibility, was placed in service as developed technology and started amortization over its estimated useful life of 5 years.
Acquisition-related intangible amortization expense was $568 million and $1.1 billion for the three and six months ended June 28, 2025, respectively, and $603 million and $1.2 billion for the three and six months ended June 29, 2024, respectively.
Based on the carrying value of acquisition-related intangibles recorded as of June 28, 2025, 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 2025
$1,119 
20262,149 
20272,031 
20281,919 
20291,691 
2030 and thereafter
8,903 
Total$17,812