Acquired Developed Technology and Other Intangibles

3 Months Ended

Sep. 30, 2017

Acquired Developed Technology and Other Intangibles

Acquired Developed Technology and Other Intangibles

Note 9. Acquired Developed Technology and Other Intangibles

The following tables present details of the Company’s acquired developed technology, customer relationships and other intangibles (in millions):

As of September 30, 2017	Gross Carrying Amount		Accumulated Amortization			Net
Acquired developed technology	$	386.7	$	(357.6	)	$	29.1
Customer relationships	106.4		(84.8		)	21.6
Other (1)	10.2		(10.1		)	0.1
Total intangibles	$	503.3	$	(452.5	)	$	50.8

As of July 1, 2017	Gross Carrying Amount		Accumulated Amortization			Net
Acquired developed technology	$	369.3	$	(352.0	)	$	17.3
Customer relationships	94.9		(81.3		)	13.6
Other (1)	9.9		(9.7		)	0.2
Total intangibles	$	474.1	$	(443.0	)	$	31.1

(1) Other intangibles consist of customer backlog, non-competition agreements, patents, proprietary know-how and trade secrets, trademarks and trade names.

The following table presents the amortization recorded relating to acquired developed technology, customer relationships and other intangibles (in millions):

	Three Months Ended
	September 30, 2017		October 1, 2016
Cost of revenues	$	4.1	$	3.8
Operating expenses	3.1		3.5
Total amortization of intangible assets	$	7.2	$	7.3

Based on the carrying amount of acquired developed technology, customer relationships and other intangibles as of September 30, 2017, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):

Fiscal Years
Remainder of 2018	$	19.8
2019	16.3
2020	8.4
2021	4.1
2022	2.0
Thereafter	0.2
Total amortization	$	50.8

The acquired developed technology, customer relationships and other intangibles balance are adjusted quarterly to record the effect of currency translation adjustments.