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INTANGIBLE ASSETS
 6 Months Ended
Dec. 31, 2016
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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

2016

 

 

June 30,

2016

 

 

 

 

 

 

 

 

Technology-based (a)

 

$

7,619

 

 

$

(3,604

)

 

$

4,015

 

 

$

5,970

 

 

$

(3,648

)

 

$

2,322

 

Marketing-related

 

 

3,983

 

 

 

(691

)

 

 

3,292

 

 

 

1,869

 

 

 

(616

)

 

 

1,253

 

Contract-based

 

 

801

 

 

 

(709

)

 

 

92

 

 

 

796

 

 

 

(718

)

 

 

78

 

Customer-related

 

 

4,023

 

 

 

(421

)

 

 

3,602

 

 

 

465

 

 

 

(385

)

 

 

80

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

  16,426

(b)

 

$

  (5,425

)

 

$

  11,001

 

 

$

  9,100

 

 

$

  (5,367

)

 

$

  3,733

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Technology-based intangible assets included $87 million and $115 million of net carrying amount of software to be sold, leased, or otherwise marketed as of December 31, 2016 and June 30, 2016, respectively.

(b)

Includes intangible assets related to LinkedIn and other additions. See Note 8 – Business Combinations for further information.

Intangible assets amortization expense was $315 million and $529 million for the three and six months ended December 31, 2016, respectively, and $249 million and $491 million for the three and six months ended December 31, 2015, respectively. Amortization of capitalized software was $14 million and $28 million for the three and six months ended December 31, 2016, respectively, and $18 million and $36 million for the three and six months ended December 31, 2015, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held as of December 31, 2016:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ending June 30,

 

 

 

 

 

 

2017 (excluding the six months ended December 31, 2016)

 

$

1,103

 

2018

 

 

2,167

 

2019

 

 

1,688

 

2020

 

 

1,168

 

2021

 

 

978

 

Thereafter

 

 

3,897

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

  11,001