INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 10 — 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
June 30,							2024							2023
Marketing-related	$	16,500		$	(3,101	)	$	13,399	$	4,935	$	(2,473	)	$	2,462
Technology-based		21,913			(10,741	)		11,172		11,245		(7,589	)		3,656
Customer-related		6,038			(3,051	)		2,987		7,281		(4,047	)		3,234
Contract-based		58			(19	)		39		29		(15	)		14
Total	$	44,509	(a)	$	(16,912	)	$	27,597	$	23,490	$	(14,124	)	$	9,366

(a)Includes intangible assets of $22.0 billion related to Activision Blizzard. See Note 8 – Business Combinations for further information.

No material impairments of intangible assets were identified during fiscal years 2024, 2023, or 2022. We estimate that we have no significant residual value related to our intangible assets.

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,	2024				2023
Marketing-related	$	11,619		24 years	$	7		5 years
Technology-based		10,947		4 years		522		7 years
Customer-related		660		4 years		0		0 years
Contract-based		38		4 years		12		3 years
Total	$	23,264		14 years	$	541		6 years

Intangible assets amortization expense was $4.8 billion, $2.5 billion, and $2.0 billion for fiscal years 2024, 2023, and 2022, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held as of June 30, 2024:

(In millions)
Year Ending June 30,
2025	$	5,892
2026		4,471
2027		2,793
2028		1,909
2029		1,728
Thereafter		10,804
Total	$	27,597