|
The carrying amounts of identifiable intangible assets are summarized as follows:
|
(in millions) |
Indefinite-lived |
|
|
Finite-lived |
|
|
Total |
|
|
December 31, 2018 |
$ |
17,578 |
|
|
$ |
261 |
|
|
$ |
17,839 |
|
|
Amortization expense |
|
— |
|
|
|
(40 |
) |
|
|
(40 |
) |
|
Acquisition (1) |
|
— |
|
|
|
678 |
|
|
|
678 |
|
|
June 30, 2019 |
$ |
17,578 |
|
|
$ |
899 |
|
|
$ |
18,477 |
|
|
(1) |
In connection with the eFront Transaction, which closed on May 10, 2019, the Company acquired $452 million of finite-lived customer relationships, $205 million of finite-lived technology-related intangible assets and $21 million of a finite-lived trade name, with weighted-average estimated lives of approximately 11 years, eight years and five years, respectively. See Note 3, Acquisition, for information on the eFront Transaction. |
|