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Net Intangible Assets
 6 Months Ended
Jun. 30, 2011
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
NET INTANGIBLE ASSETS
NET INTANGIBLE ASSETS


Our intangible assets are comprised primarily of license and advertising agreements, land rights, patents, customer contracts, and technology, and each is amortized over its determinable life.


The components of net intangible assets are as follows (in millions):
 
June 30, 2011
 
December 31, 2010
 
Gross
 Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
Automotive Sector
 
 
 
 
 
 
 
 
 
 
 
License and advertising agreements
118


 
(43
)
 
75


 
111


 
(39
)
 
72


Land rights
23


 
(7
)
 
16


 
23


 
(7
)
 
16


Patents
25


 
(17
)
 
8


 
25


 
(16
)
 
9


Other
29


 
(25
)
 
4


 
28


 
(23
)
 
5


Total Automotive sector
$
195


 
$
(92
)
 
$
103


 
$
187


 
$
(85
)
 
$
102






Our license and advertising agreements have amortization periods primarily of 5 years to 25 years, our land rights have amortization periods of 40 years to 50 years, our patents have amortization periods primarily of 7 years to 17 years, and our other intangibles (primarily customer contracts and technology) have various amortization periods.


Pre-tax amortization expense for the periods ending June 30 was as follows (in millions):
 
Second Quarter
 
First Half
 
2011
 
2010
 
2011
 
2010
Pre-tax amortization expense
$
3


 
$
30


 
$
6


 
$
53






Amortization for current intangible assets is forecasted to be approximately $12 million in 2011 and each year thereafter.