v3.22.4
Identified Intangible Assets
 12 Months Ended
Dec. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Identified Intangible Assets [Text Block]
Note 12 : Identified Intangible Assets
December 31, 2022December 25, 2021
(In Millions)Gross AssetsAccumulated AmortizationNetGross AssetsAccumulated AmortizationNet
Developed technology$10,964 $(7,216)$3,748 $11,102 $(6,026)$5,076 
Customer relationships and brands1,986 (1,114)872 2,110 (1,063)1,047 
Licensed technology and patents3,219 (1,821)1,398 2,893 (1,746)1,147 
Total identified intangible assets$16,169 $(10,151)$6,018 $16,105 $(8,835)$7,270 
During 2022, we entered into and/or renewed several licensed technology arrangements totaling $634 million, which are subject to amortization.
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)LocationDec 31, 2022Dec 25, 2021Dec 26, 2020
Weighted Average Useful Life1
Developed technologyCost of sales$1,341 $1,283 $1,211 9 years
Customer relationships and brandsMarketing, general and administrative185 209 205 12 years
Licensed technology and patentsCost of sales381 347 341 12 years
Total amortization expenses$1,907 $1,839 $1,757 
1 Represents weighted average useful life in years of intangible assets as of December 31, 2022.
We expect future amortization expense for the next five years and thereafter to be as follows:
(In Millions)20232024202520262027ThereafterTotal
Future amortization expenses$1,730 $1,297 $883 $680 $511 $917 $6,018