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,                2012                 2011  

Technology-based (a)

   $ 3,550      $ (1,899   $ 1,651      $ 2,356      $ (1,831   $ 525   

Marketing-related

     1,325        (136     1,189        113        (98     15   

Contract-based

     824        (644     180        1,068        (966     102   

Customer-related

     408        (258     150        326        (224     102   


 


 


 


 


 


Total

   $   6,107      $   (2,937   $   3,170      $   3,863      $   (3,119   $   744   
    


 


 


 


 


 


 

(a)

Technology-based intangible assets included $177 million and $179 million as of June 30, 2012 and 2011, 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,    2012            2011        

Technology-based

   $ 1,548        7 years       $ 119        3 years   

Marketing-related

     1,249        15 years         1        7 years   

Contract-based

     115        7 years         0           

Customer-related

     114        5 years         2        4 years   


          


       

Total

   $   3,026        10 years       $   122        3 years   
    


          


       

Intangible assets amortization expense was $558 million, $537 million, and $707 million for fiscal years 2012, 2011, and 2010, respectively. Amortization of capitalized software was $117 million, $114 million, and $97 million for fiscal years 2012, 2011, and 2010, respectively.

 

The following table outlines the estimated future amortization expense related to intangible assets held at June 30, 2012:

 

(In millions)       


Year Ending June 30,       

2013

   $ 597   

2014

     432   

2015

     367   

2016

     304   

2017

     234   

Thereafter

     1,236   


Total

   $   3,170