Amortizable Intangible Assets and Goodwill

6 Months Ended

Jul. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Amortizable Intangible Assets and Goodwill

The components of our amortizable intangible assets are as follows:


	July 31, 2022						January 30, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

	(In millions)
Acquisition-related intangible assets (1)	$	3,260	$	(1,434)	$	1,826	$	3,418	$	(1,304)	$	2,114
Patents and licensed technology	718		(508)		210		717		(492)		225
Total intangible assets	$	3,978	$	(1,942)	$	2,036	$	4,135	$	(1,796)	$	2,339

(1) During the first quarter of fiscal year 2023, we commenced amortization of the $630 million in-process research and development intangible asset related to our acquisition of Mellanox.

Amortization expense associated with intangible assets was $182 million and $336 million for the second quarter and first half of fiscal year 2023, respectively, and $138 million and $275 million for the second quarter and first half of fiscal year 2022, respectively. Future amortization expense related to the net carrying amount of intangible assets as of July 31, 2022 is estimated to be $364 million for the remainder of fiscal year 2023, $601 million in fiscal year 2024, $539 million in fiscal year 2025, $245 million in fiscal year 2026, $141 million in fiscal year 2027, and $146 million in fiscal year 2028 and thereafter.

In the first half of fiscal year 2023, goodwill increased by $23 million and intangible assets increased by $32 million from acquisitions. We assigned $14 million of the increase in goodwill to our Compute & Networking segment and $9 million of the increase to our Graphics segment.