Intangible assets, net


Notes to Financial Statements

NOTE 9 — 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
 


    

December 31,

2013

   

June 30,

2013

 

Technology-based (a)

   $ 3,880                $ (2,288   $ 1,592      $ 3,760                $ (2,110   $ 1,650   

Marketing-related

     1,348                 (256     1,092        1,348                 (211     1,137   

Contract-based

     798                 (675     123        823                 (688     135   

Customer-related

     373                 (235     138        380                 (219     161   


          


 


 


          


 


Total

   $   6,399               $   (3,454   $   2,945      $   6,311               $   (3,228   $   3,083   
    


          


 


 


          


 


 

(a)

Technology-based intangible assets included $165 million and $218 million as of December 31, 2013 and June 30, 2013, respectively, of net carrying amount of software to be sold, leased, or otherwise marketed.

Intangible assets amortization expense was $166 million and $328 million for the three and six months ended December 31, 2013, respectively, and $198 million and $376 million for the three and six months ended December 31, 2012, respectively. Amortization of capitalized software was $50 million and $96 million for the three and six months ended December 31, 2013, respectively, and $61 million and $101 million for the three and six months ended December 31, 2012, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held at December 31, 2013:

 

(In millions)       


Year Ending June 30,       

2014 (excluding the six months ended December 31, 2013)

   $ 338   

2015

     500   

2016

     410   

2017

     297   

2018

     259   

Thereafter

     1,141   


Total

   $   2,945