Intangible Assets
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, | 2011 | 2010 | |||||||||
Contract-based | $ 1,068 | $ (966) | $ 102 | $ 1,075 | $ (914) | $ 161 | |||||
Technology-based (a) | 2,356 | (1,831 ) | 525 | 2,308 | (1,521 ) | 787 | |||||
Marketing-related | 113 | (98 ) | 15 | 114 | (86 ) | 28 | |||||
Customer-related | 326 | (224 ) | 102 | 390 | (208 ) | 182 | |||||
Total | $ 3,863 | $ (3,119 ) | $ 744 | $ 3,887 | $ (2,729 ) | $ 1,158 |
(a) Technology-based intangible assets included $179 million and $249 million as of June 30, 2011 and 2010, 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 fiscal years 2011 and 2010 were as follows:
(In millions) | Amount | Weighted Average Life |
Amount | Weighted Average Life |
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Year Ended June 30, | 2011 | 2010 | |||||
Contract-based | $ 0 | $ 3 | 2 years | ||||
Technology-based | 119 | 3 years | 322 | 4 years | |||
Marketing-related | 1 | 7 years | 0 | ||||
Customer-related | 2 | 4 years | 18 | 5 years | |||
Total | $ 122 | 3 years | $ 343 | 4 years |
Intangible assets amortization expense was $537 million, $707 million, and $591 million for fiscal years 2011, 2010, and 2009, respectively. Amortization of capitalized software was $114 million, $97 million, and $65 million for fiscal years 2011, 2010, and 2009, respectively.
The following table outlines the estimated future amortization expense related to intangible assets held at June 30, 2011:
(In millions) | ||
Year Ending June 30, | ||
2012 | $ 390 | |
2013 | 242 | |
2014 | 68 | |
2015 | 27 | |
2016 | 10 | |
2017 and thereafter | 7 | |
Total | $ 744 |