NOTE 10 — INTANGIBLE ASSETS
The components of intangible assets, all of which are finite-lived, were as follows:
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(In millions) |
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Gross |
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Accumulated |
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Net |
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Gross |
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Accumulated |
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Net |
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December 31, 2017 |
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June 30, 2017 |
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Technology-based (a) |
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$ |
7,126 |
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$ |
(4,334 |
) |
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$ |
2,792 |
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$ |
7,765 |
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$ |
(4,318 |
) |
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$ |
3,447 |
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Customer-related |
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4,022 |
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(937 |
) |
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3,085 |
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4,045 |
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(692 |
) |
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3,353 |
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Marketing-related |
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4,027 |
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(958 |
) |
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3,069 |
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4,016 |
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(829 |
) |
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3,187 |
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Contract-based |
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666 |
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(578 |
) |
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|
88 |
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841 |
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(722 |
) |
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119 |
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Total |
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$ |
15,841 |
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$ |
(6,807 |
) |
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$ |
9,034 |
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$ |
16,667 |
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$ |
(6,561 |
) |
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$ |
10,106 |
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(a) |
Technology-based intangible assets included $32 million and $59 million of net carrying amount of software to be sold, leased, or otherwise marketed as of December 31, 2017 and June 30, 2017, respectively. |
Intangible assets amortization expense was $562 million and $1.1 billion for the three and six months ended December 31, 2017, respectively, and $315 million and $529 million for the three and six months ended December 31, 2016, respectively.
The following table outlines the estimated future amortization expense related to intangible assets held as of December 31, 2017:
|
(In millions) |
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Year Ending June 30, |
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2018 (excluding the six months ended December 31, 2017) |
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$ |
1,105 |
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2019 |
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|
1,700 |
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2020 |
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|
1,194 |
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2021 |
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|
1,005 |
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2022 |
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|
931 |
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Thereafter |
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3,099 |
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Total |
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$ |
9,034 |
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