v3.26.1
Intangibles
12 Months Ended
Jun. 27, 2026
Acquired Developed Technology And Other Intangibles  
Intangibles
Note 10. Intangibles
The following tables present details of the Company’s acquired developed technology, customer relationships and other intangibles as of June 27, 2026, and June 28, 2025 (in millions, except useful lives):
As of June 27, 2026Weighted-Average Remaining Useful LifeGross Carrying AmountAccumulated AmortizationNet
Acquired developed technology 4.5 years$667.5 $(461.5)$206.0 
Customer relationships8.1 years346.4 (189.4)157.0 
Other(1)
2.9 years60.4 (45.8)14.6 
Total intangibles$1,074.3 $(696.7)$377.6 
As of June 28, 2025Weighted-Average Remaining Useful LifeGross Carrying AmountAccumulated AmortizationNet
Acquired developed technology5.5 years$534.5 $(417.7)$116.8 
Customer relationships5.2 years209.0 (199.1)9.9 
Other(1)
1.7 years44.1 (39.2)4.9 
Total intangibles$787.6 $(656.0)$131.6 
(1) Other intangibles consist of proprietary know-how and trade secrets, trademarks and trade names.
During fiscal 2026, the Company wrote off customer relationship intangible assets with a gross carrying amount of $22.5 million related to legacy products and associated support services that are no longer offered. The write-off had no impact on the Company's Consolidated Financial Statements because the assets had a net carrying amount of zero.
Amortization expense related to intangibles was $67.9 million, $24.3 million and $20.1 million in fiscal 2026, 2025 and 2024, respectively.
Based on the carrying amount of acquired developed technology, customer relationships and other intangibles as of June 27, 2026, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):
Fiscal Years
2027$77.6 
202867.9 
202963.4 
203062.4 
203140.7 
Thereafter65.6 
Total amortization$377.6