Intangible Assets

9 Months Ended

Sep. 30, 2012

Intangible Assets

9. Intangible Assets

The carrying amounts of identifiable intangible assets are summarized as follows:

	Indefinite-lived		Finite-lived			Total
(Dollar amounts in millions)	intangible assets		intangible assets			intangible assets
December 31, 2011	$	16,597	$	759		$	17,356
Claymore Transaction		163		—			163
SRPEP Transaction		—		40			40
Amortization expense		—		(117	)		(117	)
September 30, 2012	$	16,760	$	682		$	17,442

In September 2012, in connection with the SRPEP Transaction, the Company acquired $40 million of finite-lived management contracts.

In March 2012, in connection with the Claymore Transaction, the Company acquired $163 million of indefinite-lived ETP management contracts.