Financial Review

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NOTE 11  INTANGIBLE ASSETS

The components of intangible assets, all of which are finite-lived, were as follows:

(In millions)
June 30,
2009
2008
Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Contract-based $1,087 $ , (855) $((232 $1,074 $ ,,(796) $,,,278
Technology-based 2,033 (1,090) 943 1,677 (672) 1,005
Marketing-related 188 (97) 91 171 (65) 106
Customer-related 732 (239) 493 708 (124) 584
Total $4,040 $(2,281) $1,759 $3,630 $(1,657) $1,973

During fiscal year 2009 and 2008, we recorded additions to intangible assets of $354 million and $1.6 billion, respectively. We estimate that we have no significant residual value related to our intangible assets.

The components of intangible assets acquired during fiscal years 2009 and 2008 were as follows:

(In millions)
Year Ended June 30,
2009
2008
Amount Weighted Average Life Amount Weighted Average Life
Contract-based $ )26 4 years $((, 91 6 years
Technology-based 293 4 years 787 4 years
Marketing-related 7 5 years 116 5 years
Customer-related 28 2 years 589 6 years
Total $354 $1,583

Acquired intangibles generally are amortized on a straight-line basis over their weighted average lives. Intangible assets amortization expense was $591 million for fiscal year 2009, $472 million for fiscal year 2008, and $236 million for fiscal year 2007. The following table outlines the estimated future amortization expense related to intangible assets as of June 30, 2009:

(In millions)
Year Ended June 30, Amount
2010 $))562
2011 511
2012 455
2013 191
2014 and thereafter 40
Total $1,759