Intangible assets, net


Notes to Financial Statements

NOTE 11 — INTANGIBLE ASSETS

The components of intangible assets, all of which are finite-lived, were as follows:

 

(In millions)    Gross
Carrying
Amount
    Accumulated
Amortization
    Net Carrying
Amount
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net Carrying
Amount
 


Year Ended June 30,                2013                 2012  

Technology-based (a)

   $ 3,760      $ (2,110   $ 1,650      $ 3,550      $ (1,899   $ 1,651   

Marketing-related

     1,348        (211     1,137        1,325        (136     1,189   

Contract-based

     823        (688     135        824        (644     180   

Customer-related

     380        (219     161        408        (258     150   


 


 


 


 


 


Total

   $   6,311      $   (3,228   $   3,083      $   6,107      $   (2,937   $   3,170   
    


 


 


 


 


 


 

(a)

Technology-based intangible assets included $218 million and $177 million as of June 30, 2013 and 2012, respectively, of net carrying amount of software to be sold, leased, or otherwise marketed.

We estimate that we have no significant residual value related to our intangible assets. No material impairments of intangible assets were identified during any of the periods presented.

 

The components of intangible assets acquired during the periods presented were as follows:

 

(In millions)    Amount    

Weighted

Average Life

     Amount    

Weighted

Average Life

 


Year Ended June 30,    2013            2012        

Technology-based

   $ 539        4 years       $ 1,548        7 years   

Marketing-related

     39        7 years         1,249        15 years   

Contract-based

     0                 115        7 years   

Customer-related

     89        6 years         114        5 years   


          


       

Total

   $   667        5 years       $   3,026        10 years   
    


          


       

Intangible assets amortization expense was $739 million, $558 million, and $537 million for fiscal years 2013, 2012, and 2011, respectively. Amortization of capitalized software was $210 million, $117 million, and $114 million for fiscal years 2013, 2012, and 2011, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held at June 30, 2013:

 

(In millions)       


Year Ending June 30,       

2014

   $ 645   

2015

     454   

2016

     382   

2017

     281   

2018

     242   

Thereafter

     1,079   


Total

   $   3,083