| INTANGIBLE ASSETS |
NOTE 9 — INTANGIBLE ASSETS The components of intangible assets, all of which are finite-lived, were as follows:
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(In millions) |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net Carrying
Amount |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net Carrying
Amount |
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June 30, |
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2025 |
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2024 |
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Marketing-related |
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$ |
16,502 |
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$ |
(3,901 |
) |
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$ |
12,601 |
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$ |
16,500 |
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$ |
(3,101 |
) |
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$ |
13,399 |
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Technology-based |
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22,560 |
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(14,959 |
) |
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7,601 |
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21,913 |
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(10,741 |
) |
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11,172 |
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Customer-related |
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4,278 |
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(2,050 |
) |
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2,228 |
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6,038 |
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(3,051 |
) |
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2,987 |
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Contract-based |
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217 |
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(43 |
) |
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174 |
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58 |
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(19 |
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39 |
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Total |
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$ |
43,557 |
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$ |
(20,953 |
) |
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$ |
22,604 |
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$ |
44,509 |
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$ |
(16,912 |
) |
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$ |
27,597 |
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No material impairments of intangible assets were identified during fiscal years 2025, 2024, or 2023. We estimate that we have no significant residual value related to our intangible assets. The components of intangible assets acquired during the periods presented were as follows:
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(In millions) |
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Amount |
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|
Weighted Average Life |
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Amount |
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Weighted Average Life |
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Year Ended June 30, |
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2025 |
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2024 |
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Marketing-related |
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$ |
13 |
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10 years |
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$ |
11,619 |
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24 years |
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Technology-based |
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912 |
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9 years |
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10,947 |
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4 years |
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Customer-related |
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0 |
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0 years |
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660 |
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4 years |
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Contract-based |
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171 |
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5 years |
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38 |
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4 years |
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Total |
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$ |
1,096 |
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9 years |
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$ |
23,264 |
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14 years |
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Intangible assets amortization expense was $6.0 billion, $4.8 billion, and $2.5 billion for fiscal years 2025, 2024, and 2023, respectively. The following table outlines the estimated future amortization expense related to intangible assets held as of June 30, 2025:
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(In millions) |
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Year Ending June 30, |
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2026 |
|
$ |
4,594 |
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2027 |
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|
2,901 |
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2028 |
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|
2,034 |
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2029 |
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|
1,851 |
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2030 |
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|
1,382 |
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Thereafter |
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9,842 |
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Total |
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$ |
22,604 |
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