Intangible Assets

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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,         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
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