Notes to Financial Statements
NOTE 9 — 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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September 30, 2020 |
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June 30, 2020 |
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Technology-based |
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$ |
8,327 |
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$ |
(6,527 |
) |
|
$ |
1,800 |
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$ |
8,160 |
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$ |
(6,381 |
) |
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$ |
1,779 |
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Customer-related |
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5,066 |
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(2,482 |
) |
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2,584 |
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4,967 |
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(2,320 |
) |
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2,647 |
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Marketing-related |
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4,159 |
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(1,655 |
) |
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2,504 |
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4,158 |
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(1,588 |
) |
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2,570 |
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Contract-based |
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475 |
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(440 |
) |
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35 |
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474 |
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(432 |
) |
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42 |
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Total |
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$ |
18,027 |
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$ |
(11,104 |
) |
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$ |
6,923 |
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$ |
17,759 |
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$ |
(10,721 |
) |
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$ |
7,038 |
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Intangible assets amortization expense was $383 million and $434 million for the three months ended September 30, 2020 and 2019, respectively.
The following table outlines the estimated future amortization expense related to intangible assets held as of September 30, 2020:
|
(In millions) |
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Year Ending June 30, |
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2021 (excluding the three months ended September 30, 2020) |
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$ |
1,150 |
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2022 |
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|
1,461 |
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2023 |
|
|
1,267 |
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2024 |
|
|
904 |
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2025 |
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|
487 |
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Thereafter |
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1,654 |
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Total |
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$ |
6,923 |
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