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NOTES TO FINANCIAL STATEMENTS
NOTE 9 INTANGIBLE ASSETS
During fiscal 2002, changes in intangible assets primarily relates to the Company’s acquisition of $25 million in patents and licenses and $27 million in existing technology, which will be amortized over approximately 3 years. No significant residual value is estimated for these intangible assets. Intangible assets amortization expense was $202 million for fiscal 2001 and $194 million for fiscal 2002. The components of intangible assets were as follows:
| In millions |
|
|
|
| |
|
| June 30 |
|
| |
2001 |
|
|
2002 |
|
| |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
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| |
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Patents and licenses |
$ |
407 |
|
$ |
(177 |
) |
|
$ |
421 |
|
$ |
(290 |
) |
| Existing technology |
|
157 |
|
|
(27 |
) |
|
|
172 |
|
|
(71 |
) |
| Trademarks, tradenames and other |
|
83 |
|
|
(42 |
) |
|
|
15 |
|
|
(4 |
) |
|
|
|
|
|
|
|
|
|
| |
Intangible assets |
$ |
647 |
|
$ |
(246 |
) |
|
$ |
608 |
|
$ |
(365 |
) |
| |
|
|
|
|
|
|
|
|
|
Amortization expense for the net carrying amount of intangible assets at June 30, 2002 is estimated to be $115 million in fiscal 2003, $90 million in fiscal 2004, $36 million in fiscal 2005, and $2 million in fiscal 2006.
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