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
 


    

March 31,

2014

   

June 30,

2013

 

Technology-based (a)

   $ 3,987                $ (2,421   $ 1,566      $ 3,760                $ (2,110   $ 1,650   

Marketing-related

     1,365                 (279     1,086        1,348                 (211     1,137   

Contract-based

     799                 (680     119        823                 (688     135   

Customer-related

     377                 (247     130        380                 (219     161   


          


 


 


          


 


Total

   $   6,528               $   (3,627   $   2,901      $   6,311               $   (3,228   $   3,083   
    


          


 


 


          


 


 

(a)

Technology-based intangible assets included $147 million and $218 million as of March 31, 2014 and June 30, 2013, respectively, of net carrying amount of software to be sold, leased, or otherwise marketed.

Intangible assets amortization expense was $170 million and $498 million for the three and nine months ended March 31, 2014, respectively, and $187 million and $563 million for the three and nine months ended March 31, 2013 respectively. Amortization of capitalized software was $50 million and $146 million for the three and nine months ended March 31, 2014, respectively, and $52 million and $153 million for the three and nine months ended March 31, 2013, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held at March 31, 2014:

 

(In millions)       


Year Ending June 30,       

2014 (excluding the nine months ended March 31, 2014)

   $ 177   

2015

     525   

2016

     434   

2017

     310   

2018

     270   

Thereafter

     1,185   


Total

   $   2,901