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,

2012

  

  

   

 

June 30,

2012

  

  

Technology-based (a)

   $ 3,969      $ (2,165   $ 1,804      $ 3,550      $ (1,899   $ 1,651   

Marketing-related

     1,369        (182     1,187        1,325        (136     1,189   

Contract-based

     824        (670     154        824        (644     180   

Customer-related

     491        (295     196        408        (258     150   


 


 


 


 


 


Total

   $   6,653      $   (3,312   $   3,341      $   6,107      $   (2,937   $   3,170   
    


 


 


 


 


 


 

(a)

Technology-based intangible assets included $317 million and $177 million as of December 31, 2012 and June 30, 2012, respectively, of net carrying amount of software to be sold, leased, or otherwise marketed.

Intangible assets amortization expense was $198 million and $376 million for the three and six months ended December 31, 2012, respectively, as compared with $155 million and $264 million for the three and six months ended December 31, 2011, respectively. Amortization of capitalized software was $61 million and $101 million for the three and six months ended December 31, 2012, respectively, and $28 million and $57 million for the three and six months ended December 31, 2011, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held at December 31, 2012:

 

(In millions)       


Year Ending June 30,       

2013 (excluding the six months ended December 31, 2012)

   $ 350   

2014

     575   

2015

     491   

2016

     377   

2017

     266   

Thereafter

     1,282   


Total

   $   3,341