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,                2011                  2010  

Contract-based

   $   1,068      $ (966   $   102      $   1,075       $ (914   $ 161   

Technology-based (a)

     2,356        (1,831     525        2,308         (1,521     787   

Marketing-related

     113        (98     15        114         (86     28   

Customer-related

     326        (224     102        390         (208     182   


 


 


 


  


 


Total

   $ 3,863      $   (3,119   $ 744      $ 3,887       $   (2,729   $   1,158   
    


 


 


 


  


 


 

(a)

Technology-based intangible assets included $179 million and $249 million as of June 30, 2011 and 2010, 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 fiscal years 2011 and 2010 were as follows:

 

(In millions)    Amount    

Weighted

Average Life

    Amount    

Weighted

Average Life

 


Year Ended June 30,    2011           2010        

Contract-based

   $ 0              $ 3        2 years   

Technology-based

       119        3 years        322        4 years   

Marketing-related

     1        7 years        0           

Customer-related

     2        4 years        18        5 years   


         


       

Total

   $ 122        3 years      $   343        4 years   
    


         


       

Intangible assets amortization expense was $537 million, $707 million, and $591 million for fiscal years 2011, 2010, and 2009, respectively. Amortization of capitalized software was $114 million, $97 million, and $65 million for fiscal years 2011, 2010, and 2009, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held at June 30, 2011:

 

(In millions)       


Year Ending June 30,       

2012

   $   390   

2013

     242   

2014

     68   

2015

     27   

2016

     10   

2017 and thereafter

     7   


Total

   $ 744