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Goodwill and Intangible Assets, net
 6 Months Ended
Jun. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, net Goodwill and Intangible Assets, net
Our goodwill balance and changes in carrying value by segment are as follows:

(in millions)Products and SolutionsADI Global DistributionTotal
Balance at January 1, 2024$2,045 $660 $2,705 
Acquisitions (1)
— 393 393 
Impact of foreign currency translation (14)(5)(19)
Balance at June 29, 2024$2,031 $1,048 $3,079 
(1) Please refer to Note 3. Acquisitions for additional information.

The following table summarizes the net carrying amount of intangible assets:

(in millions)June 29, 2024December 31, 2023
Intangible assets subject to amortization$1,038 $281 
Indefinite-lived intangible assets180 180 
Total intangible assets$1,218 $461 

Intangible assets subject to amortization consisted of the following:

June 29, 2024December 31, 2023
(in millions)Gross
Carrying
Amount		Accumulated
Amortization 		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization 		Net
Carrying
Amount
Patents and technology$170 $(30)$140 $64 $(26)$38 
Customer relationships905 (146)759 319 (138)181 
Trademarks79 (8)71 9 (8)1 
Software205 (137)68 193 (132)61 
Intangible assets subject to amortization$1,359 $(321)$1,038 $585 $(304)$281 

Intangible assets amortization expense was $13 million and $22 million for the three and six months ended June 29, 2024, respectively, and $10 million and $19 million for the three and six months ended July 1, 2023.