Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. The carrying value of goodwill as of January 31, 2026 and February 1, 2025 was $11.1 billion and $11.6 billion, respectively.

On August 14, 2025, the Company completed the sale of its automotive ethernet business to Infineon Technologies AG. In connection with the transaction, during fiscal 2026, the Company derecognized $524.7 million of goodwill, which was previously classified as assets held for sale based on the relative fair value of the automotive ethernet business. See “Note 1 – Basis of Presentation” for discussion of the automotive ethernet business divestiture.

The Company has identified that its business operates as a single operating segment and as a single reporting unit for the purpose of goodwill impairment testing. The Company’s annual test for goodwill impairment as of the last day of the fourth quarter of fiscal 2026 did not result in any impairment charge.

As of January 31, 2026 and February 1, 2025, net carrying amounts excluding fully amortized intangible assets are as follows (in millions, except for weighted-average remaining amortization period):


	January 31, 2026
	Gross Carrying Amounts		Accumulated Amortization and Impairment		Net Carrying Amounts		Weighted-Average Remaining Amortization Period (Years)
Developed technologies	$	4,625.0	$	(3,546.0)	$	1,079.0	3.3
Customer contracts and related relationships	2,001.0		(1,627.5)		373.5		1.4
Trade names	50.0		(47.8)		2.2		0.2
Total acquired amortizable intangible assets	6,676.0		(5,221.3)		1,454.7		2.8
In-process research and development	300.0		—		300.0		n/a
Total acquired intangible assets	$	6,976.0	$	(5,221.3)	$	1,754.7


	February 1, 2025
	Gross Carrying Amounts		Accumulated Amortization and Impairment		Net Carrying Amounts		Weighted-Average Remaining Amortization Period (Years)
Developed technologies	$	5,162.0	$	(3,466.1)	$	1,695.9	3.6
Customer contracts and related relationships	2,039.0		(1,372.5)		666.5		2.4
Trade names	50.0		(37.8)		12.2		1.2
Total acquired amortizable intangible assets	7,251.0		(4,876.4)		2,374.6		3.3
In-process research and development	336.0		—		336.0		n/a
Total acquired intangible assets	$	7,587.0	$	(4,876.4)	$	2,710.6

The Company regularly assesses the results of its business to determine whether events or circumstances exist that indicate whether the carrying amount of the acquired intangible assets may not be recoverable. During fiscal 2025, impairment charges of $240.1 million related to certain acquired developed technologies intangible assets were recognized as part of restructuring actions. The gross carrying amounts and accumulated amortization of fully impaired intangible assets were excluded from the table above. See “Note 4 – Restructuring” for further information.

The intangible assets are amortized on a straight-line basis over the estimated useful lives, except for certain customer contracts and related relationships, which are amortized using an accelerated method of amortization over the expected customer lives, which more closely align with the pattern of realization of economic benefits expected to be obtained. The in-process research and development (“IPR&D”) will be accounted for as an indefinite-lived intangible asset and will not be amortized until the underlying project reaches technological feasibility and commercial production, at which point, the IPR&D is reclassified as an amortizable acquired intangible asset and amortized over the asset’s estimated useful life. The useful life for the IPR&D project is expected to be 9 years. In the event the IPR&D is abandoned, the related assets will be written off.

Amortization for acquired intangible assets was $942.0 million during the year ended January 31, 2026. Amortization for acquired intangible assets was $1.1 billion during the years ended February 1, 2025 and February 3, 2024.