v3.26.3
GOODWILL AND INTANGIBLE ASSETS (Tables)
 9 Months Ended
Oct. 02, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Changes in Carrying Amounts of 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.
Schedule of Indefinite-Lived 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.
Schedule of Finite-Lived 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 
_______________
(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.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense 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