Intangible assets, net


Notes to Financial Statements

NOTE 10    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,

2011

   

June 30,

2011

 

Technology-based(a)

   $ 2,965      $ (2,012   $ 953      $ 2,356      $ (1,831   $ 525   

Marketing-related

     1,361        (122     1,239        113        (98     15   

Contract-based

     1,190        (990     200        1,068        (966     102   

Customer-related

     440        (251     189        326        (224     102   


 


 


 


 


 


Total

   $   5,956      $   (3,375   $   2,581      $   3,863      $   (3,119   $   744   
    


 


 


 


 


 


 

(a)

Technology-based intangible assets included $150 million and $179 million as of December 31, 2011 and June 30, 2011, respectively, of net carrying amount of software to be sold, leased, or otherwise marketed.

 

Intangible assets amortization expense was $155 million and $264 million for the three and six months ended December 31, 2011, respectively, as compared with $126 million and $250 million for the three and six months ended December 31, 2010, respectively. Amortization of capitalized software was $28 million and $57 million for the three and six months ended December 31, 2011, respectively, and $30 million and $56 million for the three and six months ended December 31, 2010, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held at December 31, 2011:

 

(In millions)       


Year Ending June 30,       

2012 (excluding the six months ended December 31, 2011)

   $ 284   

2013

     480   

2014

     314   

2015

     260   

2016

     216   

Thereafter

     1,027   


Total

   $   2,581