
(In millions)	CS		IMS		SAS		AR		Total

Balance as of January 3, 2025(1)	$	4,938	$	6,422	$	5,999	$	2,966	$	20,325


Currency translation adjustments	1		20		26		—		47
Balance as of June 27, 2025	$	4,939	$	6,442	$	6,025	$	2,966	$	20,372

(1)Balances reflect impact of FOS business realignment from our IMS segment to our AR segment effective in first quarter 2025, as discussed under the “Reallocation of Goodwill in Business Realignment” heading in Note E: Goodwill and Intangible Assets in our Form 10-Q for first quarter 2025, which is incorporated herein by reference.

Accumulated goodwill impairment losses in our CS, SAS and AR segments were $355 million, $80 million and $172 million, respectively, as of both June 27, 2025 and January 3, 2025. Accumulated goodwill impairment losses in our IMS segment were $195 million and $954 million as of June 27, 2025 and January 3, 2025, respectively. IMS accumulated impairment losses decreased $759 million in first quarter 2025 in connection with the CAS disposal group divestiture.


	June 27, 2025						January 3, 2025
(In millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

Finite-lived
Customer relationships	$	8,835	$	(3,826)	$	5,009	$	8,817	$	(3,470)	$	5,347
Developed technologies	853		(518)		335		849		(482)		367
Trade names and other	188		(74)		114		188		(66)		122
Indefinite-lived
Trade name	1,803		—		1,803		1,803		—		1,803
Intangible assets, net	$	11,679	$	(4,418)	$	7,261	$	11,657	$	(4,018)	$	7,639

Amortization expense for intangible assets was $193 million and $387 million for second quarter and year to date 2025, respectively, and $215 million and $432 million for second quarter and year to date 2024, respectively.

The following table presents future estimated amortization expense for intangible assets:


	(In millions)

Next 12 months	$	752
Months 13-24	584
Months 25-36	545
Months 37-48	444
Months 49-60	425
Thereafter	2,708
Total	$	5,458