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 |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year Ended June 30, | 2010 | 2009 | ||||||||||
| Contract-based | $ | 1,075 | $ | (914) | $ | 161 | $ | 1,087 | $ | (855) | $ | 232 |
| Technology-based | 2,308 | (1,521) | 787 | 2,033 | (1,090) | 943 | ||||||
| Marketing-related | 114 | (86) | 28 | 188 | (97) | 91 | ||||||
| Customer-related | 390 | (208) | 182 | 732 | (239) | 493 | ||||||
| Total | $ | 3,887 | $ | (2,729) | $ | 1,158 | $ | 4,040 | $ | (2,281) | $ | 1,759 |
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 2010 and 2009 were as follows:
| (In millions) | Amount | Weighted Average Life |
Amount | Weighted Average Life |
||
|---|---|---|---|---|---|---|
| Year Ended June 30, | 2010 | 2009 | ||||
| Contract-based | $ | 3 | 2 years | $ | 26 | 4 years |
| Technology-based | 322 | 4 years | 293 | 4 years | ||
| Marketing-related | 0 | 7 | 5 years | |||
| Customer-related | 18 | 5 years | 28 | 2 years | ||
| Total | $ | 343 | $ | 354 | ||
Intangible assets amortization expense was $707 million, $591 million, and $472 million for fiscal years 2010, 2009, and 2008, respectively. The following table outlines the estimated future amortization expense related to intangible assets held at June 30, 2010:
| (In millions) | ||
|---|---|---|
| Year Ended June 30, | ||
| 2011 | $ | 486 |
| 2012 | 365 | |
| 2013 | 235 | |
| 2014 | 36 | |
| 2015 and thereafter | 36 | |
| Total | $ | 1,158 |