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INTANGIBLE ASSETS
3 Months Ended
Sep. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 8  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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

2019

 

 

June 30,

2019

 

 

 

 

 

 

 

 

Technology-based

 

$

7,869

 

 

$

(5,980

)

 

$

1,889

 

 

$

7,691

 

 

$

(5,771

)

 

$

1,920

 

Customer-related

 

 

4,719

 

 

 

(1,933

)

 

 

2,786

 

 

 

4,709

 

 

 

(1,785

)

 

 

2,924

 

Marketing-related

 

 

4,166

 

 

 

(1,394

)

 

 

2,772

 

 

 

4,165

 

 

 

(1,327

)

 

 

2,838

 

Contract-based

 

 

574

 

 

 

(513

)

 

 

61

 

 

 

574

 

 

 

(506

)

 

 

68

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

  17,328

 

 

$

  (9,820

)

 

$

7,508

 

 

$

  17,139

 

 

$

  (9,389

)

 

$

7,750

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets amortization expense was $434 million and $556 million for the three months ended September 30, 2019 and 2018, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held as of September 30, 2019:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ending June 30,

 

 

 

 

 

 

2020 (excluding the three months ended September 30, 2019)

 

$

1,096

 

2021

 

 

1,323

 

2022

 

 

1,228

 

2023

 

 

1,087

 

2024

 

 

758

 

Thereafter

 

 

2,016

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

7,508