Intel 2013 Annual Report Download - page 83

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78
Note 11: Identified Intangible Assets
Identified intangible assets at the end of December 28, 2013, were as follows:
(In Millions) Gross
Assets Accumulated
Amortization Net
Acquisition-related developed technology $ 2,922 $ (1,691) $ 1,231
Acquisition-related customer relationships 1,760 (828) 932
Acquisition-related trade names 65 (44) 21
Licensed technology and patents 3,093 (974) 2,119
Identified intangible assets subject to amortization 7,840 (3,537) 4,303
Acquisition-related trade names 818 — 818
Other intangible assets 29 — 29
Identified intangible assets not subject to amortization 847 — 847
Total identified intangible assets $ 8,687 $ (3,537) $ 5,150
As a result of our acquisitions in 2013, we recorded acquisition-related developed technology of $114 million with a
weighted average useful life of five years and acquisition-related customer relationships of $60 million with a
weighted average useful life of seven years. During 2013, we purchased licensed technology and patents of $36
million with a weighted average useful life of 10 years.
Identified intangible assets at the end of December 29, 2012 were as follows:
(In Millions) Gross
Assets Accumulated
Amortization Net
Acquisition-related developed technology $ 2,778 $ (1,116) $ 1,662
Acquisition-related customer relationships 1,712 (551) 1,161
Acquisition-related trade names 68 (33) 35
Licensed technology and patents 2,986 (699) 2,287
Other intangible assets 238 (86) 152
Identified intangible assets subject to amortization 7,782 (2,485) 5,297
Acquisition-related trade names 809 — 809
Other intangible assets 129 — 129
Identified intangible assets not subject to amortization 938 — 938
Total identified intangible assets $ 8,720 $ (2,485) $ 6,235
As a result of our acquisitions in 2012, we recorded acquisition-related developed technology of $168 million with a
weighted average useful life of 10 years. During 2012, we purchased licensed technology and patents of $815
million with a weighted average useful life of nine years, including wireless patents purchased from InterDigital, Inc.
for $375 million to be amortized over approximately 10 years. Additionally, we recorded other intangible assets
subject to amortization of $238 million associated with customer relationships, which was fully amortized in 2013.
Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)