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GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Oct. 02, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
NOTE F: GOODWILL AND INTANGIBLE ASSETS
Goodwill
Changes in the carrying amount of goodwill, by business segment, were as follows:
(In millions)SMSCSDMSLTotal
Balance as of January 2, 2026(1)
$9,005 $7,712 $3,293 $20,010 
Currency translation adjustments(7)(4)— (11)
Balance as of October 2, 2026
$8,998 $7,708 $3,293 $19,999 
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(1)Balances reflect impact of segment reorganization, as discussed in Note A: Basis of Presentation. Information on the reallocation of goodwill in connection with the reorganization can be found under the “Reallocation of Goodwill in Segment Reorganization” heading in Note E: Goodwill and Intangible Assets in our Form 10-Q for first quarter 2026, which information is incorporated herein by reference.

As of both October 2, 2026 and January 2, 2026, accumulated goodwill impairment losses were $120 million and $431 million in our Space and Mission Systems and Communications and Spectrum Dominance segments, respectively. As of October 2, 2026 and January 2, 2026, accumulated impairment losses in our Missile Solutions segment, were $238 million and $337 million, respectively. The decrease reflects the removal upon sale of $99 million of accumulated impairment losses in connection with the August 3, 2026 divestiture of certain businesses previously reported in our Missile Solutions segment (“Space Technology disposal group”). See Note O: Divestitures for further information.
Intangible Assets
Intangible assets, net are summarized below:
October 2, 2026January 2, 2026
(In millions)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Customer relationships(1)
$8,316 $(4,476)$3,840 $8,329 $(4,031)$4,298 
Developed technologies(1)
848 (575)273 849 (544)305 
Trade names(1)
174 (82)92 175 (75)100 
Program investment(2)
386 (5)381 — — — 
Other4 (4)— 6 (3)3 
Total finite-lived intangible assets9,728 (5,142)4,586 9,359 (4,653)4,706 
Corporate trade name
1,803 — 1,803 1,803 — 1,803 
Intangible assets, net$11,531 $(5,142)$6,389 $11,162 $(4,653)$6,509 
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(1)Acquisition-related intangibles recorded at Corporate, as they benefit the entire Company. Amortization is included in “Unallocated corporate items and other, net” in Note Q: Business Segment Information.
(2)Asset is recorded at Corporate, as it benefits the entire Company. Amortization is included in the “Revenue” line item of our Condensed Consolidated Statement of Operations. See Note B: Strategic Investment in Subsidiary for further information.

Amortization for intangible assets was $152 million and $503 million for third quarter and year to date 2026, respectively, and $192 million and $579 million for third quarter and year to date 2025, respectively. Future estimated amortization for intangible assets is as follows:
(In millions)Remaining Fiscal 2026Fiscal 2027Fiscal 2028Fiscal 2029Fiscal 2030ThereafterTotal
Amortization$143 $550 $478 $422 $405 $2,588 $4,586