Identified Intangible Assets

12 Months Ended

Dec. 26, 2020

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Identified Intangible Assets [Text Block]

Note 12 : Identified Intangible Assets

	December 26, 2020						December 28, 2019
(In Millions)	Gross Assets		Accumulated Amortization		Net		Gross Assets		Accumulated Amortization		Net
Developed technology	$	10,188	$	(4,880)	$	5,308	$	9,407	$	(3,801)	$	5,606
Customer relationships and brands	2,110		(854)		1,256		2,160		(708)		1,452
Licensed technology and patents	2,836		(1,629)		1,207		2,975		(1,455)		1,520
In-process R&D	954		—		954		1,664		—		1,664
Other non-amortizing intangibles	301		—		301		585		—		585
Total identified intangible assets	$	16,389	$	(7,363)	$	9,026	$	16,791	$	(5,964)	$	10,827

Amortization expenses recorded for identified intangible assets in the Consolidated Statements of Income for each period and the weighted average useful life were as follows:

Years Ended (In Millions)	Location	Dec 26, 2020		Dec 28, 2019		Dec 29, 2018		Weighted Average Useful Life1
Developed technology	Cost of sales	$	1,211	$	1,124	$	1,105	9 years
Customer relationships and brands	Marketing, general and administrative	205		200		200		11 years
Licensed technology and patents	Cost of sales	341		298		260		13 years
Total amortization expenses		$	1,757	$	1,622	$	1,565

1     Represents weighted average useful life in years of intangible assets during 2020.

We expect future amortization expense for the next five years and thereafter to be as follows:

(In Millions)	2021		2022		2023		2024		2025		Thereafter		Total
Future amortization expenses	$	1,749	$	1,618	$	1,453	$	1,076	$	672	$	1,203	$	7,771