Annual Report
2013

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,   2013           2012
Technology-based (a) $ 3,760   $ (2,110)   $ 1,650   $ 3,550   $ (1,899)   $ 1,651
Marketing-related 1,348   (211)   1,137   1,325   (136)   1,189
Contract-based 823   (688)   135   824   (644)   180
Customer-related 380   (219)   161   408   (258)   150
Total $ 6,311   $ (3,228)   $ 3,083   $ 6,107   $ (2,937)   $ 3,170

(a) Technology-based intangible assets included $218 million and $177 million as of June 30, 2013 and 2012, 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 the periods presented were as follows:

(In millions)        Amount   Weighted
Average Life
       Amount   Weighted
Average Life
Year Ended June 30,   2013       2012    
Technology-based   $ 539   4 years   $ 1,548   7 years
Marketing-related   39   7 years   1,249   15 years
Contract-based   0       115   7 years
Customer-related   89   6 years   114   5 years
Total   $ 667   5 years   $ 3,026   10 years

Intangible assets amortization expense was $739 million, $558 million, and $537 million for fiscal years 2013, 2012, and 2011, respectively. Amortization of capitalized software was $210 million, $117 million, and $114 million for fiscal years 2013, 2012, and 2011, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held at June 30, 2013:

(In millions)  
Year Ending June 30,  
2014 $ 645
2015 454
2016 382
2017 281
2018 242
Thereafter 1,079
Total $ 3,083