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Intangible Assets, Net
12 Months Ended
Sep. 30, 2016
Intangible Assets, Net  
Intangible Assets, Net

9. Intangible Assets, Net

        Intangible assets consisted of the following:

                                                                                                                                                                                    

 

 

Fiscal Year End

 

 

 

2016

 

2015

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

 

 

(in millions)

 

Customer relationships

 

$

1,332

 

$

(212

)

$

1,120

 

$

1,053

 

$

(148

)

$

905

 

Intellectual property

 

 

1,300

 

 

(563

)

 

737

 

 

1,150

 

 

(524

)

 

626

 

Other

 

 

36

 

 

(14

)

 

22

 

 

37

 

 

(13

)

 

24

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

2,668

 

$

(789

)

$

1,879

 

$

2,240

 

$

(685

)

$

1,555

 

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​  

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        During fiscal 2016, the gross carrying amount of intangible assets increased by $530 million as a result of the acquisition of four businesses. See Note 5 for additional information regarding acquisitions.

        Intangible asset amortization expense was $149 million, $153 million, and $84 million for fiscal 2016, 2015, and 2014, respectively. The aggregate amortization expense on intangible assets is expected to be as follows:

                                                                                                                                                                                    

 

 

(in millions)

 

Fiscal 2017

 

$

170 

 

Fiscal 2018

 

 

170 

 

Fiscal 2019

 

 

167 

 

Fiscal 2020

 

 

160 

 

Fiscal 2021

 

 

157 

 

Thereafter

 

 

1,055 

 

​  

​  

Total

 

$

1,879 

 

​  

​  

​  

​