GOODWILL AND INTANGIBLE ASSETS (Tables)
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3 Months Ended |
Apr. 03, 2026 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Changes in Carrying Amounts of Goodwill |
Changes in the carrying amount of goodwill, by business segment, were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | (In millions) | SMS | | CSD | | MSL | | Total | | | | | | | | | Balance as of January 2, 2026(1) | $ | 9,005 | | | $ | 7,712 | | | $ | 3,293 | | | $ | 20,010 | | | | | | | | | | | Currency translation adjustments | (5) | | | (6) | | | — | | | (11) | | Balance as of April 3, 2026 | $ | 9,000 | | | $ | 7,706 | | | $ | 3,293 | | | $ | 19,999 | |
_______________(1)Balances reflect impact of segment reorganization, as discussed in Note A: Basis of Presentation in these Notes.
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| Schedule of Indefinite-Lived Intangible Assets |
Intangible assets, net are summarized below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | April 3, 2026 | | January 2, 2026 | | (In millions) | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | | | | | | | | | | | | Customer relationships(1) | $ | 8,325 | | | $ | (4,185) | | | $ | 4,140 | | | $ | 8,329 | | | $ | (4,031) | | | $ | 4,298 | | Developed technologies(1) | 848 | | | (557) | | | 291 | | | 849 | | | (544) | | | 305 | | Trade names(1) | 174 | | | (77) | | | 97 | | | 175 | | | (75) | | | 100 | | | Other | 4 | | | (4) | | | — | | | 6 | | | (3) | | | 3 | | | Total finite-lived intangible assets | 9,351 | | | (4,823) | | | 4,528 | | | 9,359 | | | (4,653) | | | 4,706 | | Trade name(1) | 1,803 | | | — | | | 1,803 | | | 1,803 | | | — | | | 1,803 | | | Intangible assets, net | $ | 11,154 | | | $ | (4,823) | | | $ | 6,331 | | | $ | 11,162 | | | $ | (4,653) | | | $ | 6,509 | |
_______________ (1)Includes acquisition-related intangibles that benefit the entire Company. As such, these assets and associated amortization are reported at Corporate.
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| Schedule of Finite-Lived Intangible Assets |
Intangible assets, net are summarized below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | April 3, 2026 | | January 2, 2026 | | (In millions) | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | | | | | | | | | | | | Customer relationships(1) | $ | 8,325 | | | $ | (4,185) | | | $ | 4,140 | | | $ | 8,329 | | | $ | (4,031) | | | $ | 4,298 | | Developed technologies(1) | 848 | | | (557) | | | 291 | | | 849 | | | (544) | | | 305 | | Trade names(1) | 174 | | | (77) | | | 97 | | | 175 | | | (75) | | | 100 | | | Other | 4 | | | (4) | | | — | | | 6 | | | (3) | | | 3 | | | Total finite-lived intangible assets | 9,351 | | | (4,823) | | | 4,528 | | | 9,359 | | | (4,653) | | | 4,706 | | Trade name(1) | 1,803 | | | — | | | 1,803 | | | 1,803 | | | — | | | 1,803 | | | Intangible assets, net | $ | 11,154 | | | $ | (4,823) | | | $ | 6,331 | | | $ | 11,162 | | | $ | (4,653) | | | $ | 6,509 | |
_______________ (1)Includes acquisition-related intangibles that benefit the entire Company. As such, these assets and associated amortization are reported at Corporate.
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Future estimated amortization expense for intangible assets is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In millions) | Remaining Fiscal 2026 | | Fiscal 2027 | | Fiscal 2028 | | Fiscal 2029 | | Fiscal 2030 | | Thereafter | | Total | | | | | | | | | | | | | | | | Amortization expense | $ | 458 | | | $ | 531 | | | $ | 459 | | | $ | 403 | | | $ | 386 | | | $ | 2,291 | | | $ | 4,528 | |
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