Intangible Assets and Goodwill

6 Months Ended

Jul. 02, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

INTANGIBLE ASSETS AND GOODWILL

Intangible Assets

The following table presents a summary of our total intangible assets:

As of	Second Quarter of Fiscal 2021						Fiscal Year End 2020
	Gross						Gross
	Carrying		Accumulated		Net Carrying		Carrying		Accumulated		Net Carrying
(In millions)	Amount		Amortization		Amount		Amount		Amortization		Amount
Developed product technology	$	1,057.4	$	(798.3)	$	259.1	$	1,118.2	$	(811.1)	$	307.1
Customer relationships	660.3		(419.1)		241.2		681.1		(419.3)		261.8
Trade names and trademarks	48.1		(45.5)		2.6		58.3		(51.9)		6.4
Distribution rights and other intellectual property	42.7		(37.3)		5.4		45.8		(41.0)		4.8
	$	1,808.5	$	(1,300.2)	$	508.3	$	1,903.4	$	(1,323.3)	$	580.1

The estimated future amortization expense of purchased intangible assets as of the end of the second quarter of fiscal 2021 was as follows:

(In millions)
2021 (Remaining)	$	68.2
2022	119.0
2023	106.8
2024	81.2
2025	46.8
Thereafter	86.3
Total	$	508.3

Goodwill

The changes in the carrying amount of goodwill by segment for the first two quarters of fiscal 2021 were as follows: 

	Buildings and Infrastructure		Geospatial		Resources and Utilities		Transportation		Total
(In millions)
Balance as of fiscal year end 2020	$	1,997.4	$	415.7	$	453.8	$	1,009.6	$	3,876.5
Foreign currency translation and other adjustments	(13.8)		(4.2)		(2.3)		(9.4)		(29.7)
Balance as of the end of the second quarter of fiscal 2021	$	1,983.6	$	411.5	$	451.5	$	1,000.2	$	3,846.8