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 |
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| Year Ended June 30, | 2013 | 2012 | ||||||||||||||||||||||
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Technology-based (a) |
$ | 3,760 | $ | (2,110 | ) | $ | 1,650 | $ | 3,550 | $ | (1,899 | ) | $ | 1,651 | ||||||||||
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Marketing-related |
1,348 | (211 | ) | 1,137 | 1,325 | (136 | ) | 1,189 | ||||||||||||||||
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Contract-based |
823 | (688 | ) | 135 | 824 | (644 | ) | 180 | ||||||||||||||||
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Customer-related |
380 | (219 | ) | 161 | 408 | (258 | ) | 150 | ||||||||||||||||
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Total |
$ | 6,311 | $ | (3,228 | ) | $ | 3,083 | $ | 6,107 | $ | (2,937 | ) | $ | 3,170 | ||||||||||
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| (a) |
Technology-based intangible assets included $218 million and $177 million as of June 30, 2013 and 2012, 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 |
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| Year Ended June 30, | 2013 | 2012 | ||||||||||||||
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Technology-based |
$ | 539 | 4 years | $ | 1,548 | 7 years | ||||||||||
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Marketing-related |
39 | 7 years | 1,249 | 15 years | ||||||||||||
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Contract-based |
0 | 115 | 7 years | |||||||||||||
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Customer-related |
89 | 6 years | 114 | 5 years | ||||||||||||
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Total |
$ | 667 | 5 years | $ | 3,026 | 10 years | ||||||||||
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Intangible assets amortization expense was $739 million, $558 million, and $537 million for fiscal years 2013, 2012, and 2011, respectively. Amortization of capitalized software was $210 million, $117 million, and $114 million for fiscal years 2013, 2012, and 2011, respectively.
The following table outlines the estimated future amortization expense related to intangible assets held at June 30, 2013:
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| Year Ending June 30, | ||||
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2014 |
$ | 645 | ||
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2015 |
454 | |||
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2016 |
382 | |||
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2017 |
281 | |||
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2018 |
242 | |||
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Thereafter |
1,079 | |||
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Total |
$ | 3,083 | ||
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