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 Carrying Amount |
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December 31, 2022 |
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June 30, 2022 |
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Technology-based |
|
$ |
11,093 |
|
|
$ |
(7,073 |
) |
|
$ |
4,020 |
|
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$ |
11,277 |
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$ |
(6,958 |
) |
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$ |
4,319 |
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Customer-related |
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7,352 |
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|
(3,646 |
) |
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|
3,706 |
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7,342 |
|
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(3,171 |
) |
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|
4,171 |
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Marketing-related |
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4,942 |
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(2,324 |
) |
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2,618 |
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4,942 |
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(2,143 |
) |
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2,799 |
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Contract-based |
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21 |
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(11 |
) |
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10 |
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16 |
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(7 |
) |
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9 |
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Total |
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$ |
23,408 |
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$ |
(13,054 |
) |
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$ |
10,354 |
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$ |
23,577 |
|
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$ |
(12,279 |
) |
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$ |
11,298 |
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Intangible assets amortization expense was $632 million and $1.3 billion for the three and six months ended December 31, 2022, respectively, and $446 million and $885 million for the three and six months ended December 31, 2021, respectively.
The following table outlines the estimated future amortization expense related to intangible assets held as of December 31, 2022:
|
(In millions) |
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Year Ending June 30, |
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2023 (excluding the six months ended December 31, 2022) |
|
$ |
1,256 |
|
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2024 |
|
|
2,377 |
|
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2025 |
|
|
1,826 |
|
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2026 |
|
|
1,309 |
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2027 |
|
|
874 |
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Thereafter |
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2,712 |
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Total |
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$ |
10,354 |
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