On March 10, 2025, we entered into a definitive agreement to acquire a full spectrum cyber company for a preliminary purchase price of $300 million, subject to working capital and other customary adjustments. The transaction is expected to be completed in the second quarter of 2025, subject to the satisfaction or waiver of customary closing conditions. The company develops offensive and defensive cyber platforms and other solutions for the U.S. Government.

The following table presents changes in the carrying amount of goodwill by reportable segment:


(in millions)	National Security & Digital		Health & Civil		Commercial & International		Defense Systems		Total
Goodwill at December 29, 2023(1)	$	2,758	$	1,366	$	800	$	1,188	$	6,112
Foreign currency translation adjustments	—		—		(28)		—		(28)
Goodwill at January 3, 2025(1)	2,758		1,366		772		1,188		6,084
Foreign currency translation adjustments	—		—		14		—		14
Goodwill at April 4, 2025(1)	$	2,758	$	1,366	$	786	$	1,188	$	6,098

We evaluate qualitative factors that could cause us to consider whether the estimated fair value of each of our reporting units may be lower than the carrying value and trigger a quantitative assessment, including, but not limited to (i) macroeconomic conditions, (ii) industry and market considerations, (iii) our overall financial performance, including an analysis of our current and projected cash flows, revenues and earnings, (iv) a sustained decrease in share price and (v) other relevant entity-specific events including changes in management, strategy, partners or litigation.

Intangible assets, net consisted of the following:


	April 4, 2025						January 3, 2025
(in millions)	Gross carrying value		Accumulated amortization		Net carrying value		Gross carrying value		Accumulated amortization		Net carrying value
Finite-lived intangible assets:
Programs	$	1,687	$	(1,317)	$	370	$	1,686	$	(1,293)	$	393
Software and technology	262		(171)		91		261		(165)		96
Customer relationships	53		(29)		24		52		(28)		24
Total finite-lived intangible assets	2,002		(1,517)		485		1,999		(1,486)		513
Indefinite-lived intangible assets:
Trade names	4		—		4		4		—		4
Total intangible assets	$	2,006	$	(1,517)	$	489	$	2,003	$	(1,486)	$	517

Amortization expense was $30 million and $37 million for the three months ended April 4, 2025, and March 29, 2024, respectively.

Program intangible assets are amortized over their respective estimated useful lives in proportion to the pattern of economic benefit based on expected future discounted cash flows. Customer relationships and software and technology intangible assets are amortized either on a straight-line basis over their estimated useful lives or over their respective estimated useful lives in proportion to the pattern of economic benefit based on expected future discounted cash flows, as deemed appropriate.


Fiscal year ending (in millions)
2025 (remainder of year)	$	90
2026	98
2027	72
2028	62
2029	53
2030 and thereafter	110
	$	485