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,										2014												2013
Technology-based (a)		$	6,440			$	(2,615	)		$	3,825			$	3,760			$	(2,110	)		$	1,650
Marketing-related			1,518				(324	)			1,194				1,348				(211	)			1,137
Contract-based			2,266				(716	)			1,550				823				(688	)			135
Customer-related			732				(320	)			412				380				(219	)			161
Total		$	10,956			$	(3,975	)		$	6,981			$	6,311			$	(3,228	)		$	3,083

 

(a)	Technology-based intangible assets included $98 million and $218 million as of June 30, 2014 and 2013, 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,		2014								2013
Technology-based		$	2,841				9 years			$	539				4 years
Marketing-related			174				2 years				39				7 years
Contract-based			1,500				9 years				0				*
Customer-related			363				3 years				89				6 years
Total		$	4,878				8 years			$	667				5 years

 

*	Not applicable

 

The table above includes $4.5 billion related to the acquisition of NDS during fiscal year 2014. See Note 9 – Business Combination for additional details.

Intangible assets amortization expense was $845 million, $739 million, and $558 million for fiscal years 2014, 2013, and 2012, respectively. Amortization of capitalized software was $200 million, $210 million, and $117 million for fiscal years 2014, 2013, and 2012, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held at June 30, 2014:

 

(In millions)
Year Ending June 30,
2015		$	1,237
2016			1,075
2017			804
2018			661
2019			637
Thereafter			2,567
Total		$	6,981