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Acquired Intangible Assets
 6 Months Ended
Jun. 30, 2011
Acquired Intangible Assets  
Acquired Intangible Assets

(5) Acquired Intangible Assets

 

Identifiable acquisition-related intangible assets as of June 30, 2011 and December 31, 2010 were as follows (in millions):

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net

 

 

 

 

 

 

 

 

 

June 30, 2011

 

 

 

 

 

 

 

Finite-Lived Intangible Assets:

 

 

 

 

 

 

 

Customer Contracts and Relationships

 

$

743

 

$

(529

)

$

214

 

Patents and Developed Technology

 

141

 

(84

)

57

 

 

 

884

 

(613

)

271

 

 

 

 

 

 

 

 

 

Indefinite-Lived Intangible Assets:

 

 

 

 

 

 

 

Vyvx Trade Name

 

32

 

—

 

32

 

Wireless Licenses

 

20

 

—

 

20

 

 

 

$

936

 

$

(613

)

$

323

 

 

 

 

 

 

 

 

 

December 31, 2010

 

 

 

 

 

 

 

Finite-Lived Intangible Assets:

 

 

 

 

 

 

 

Customer Contracts and Relationships

 

$

743

 

$

(488

)

$

255

 

Patents and Developed Technology

 

140

 

(76

)

64

 

 

 

883

 

(564

)

319

 

 

 

 

 

 

 

 

 

Indefinite-Lived Intangible Assets:

 

 

 

 

 

 

 

Vyvx Trade Name

 

32

 

—

 

32

 

Wireless Licenses

 

20

 

—

 

20

 

 

 

$

935

 

$

(564

)

$

371

 

 

During the third quarter of 2010, the Company determined that the useful life of certain customer relationships and developed technology should be reduced based on adverse economic conditions affecting customer attrition associated with these assets, which prospectively increased amortization expense by approximately $3 million during the six months ended June 30, 2011.

 

The gross carrying amount of identifiable acquisition-related intangible assets in the table above is subject to change due to foreign currency fluctuations, as a portion of the Company’s identifiable acquisition-related intangible assets are related to foreign subsidiaries.

 

Acquired finite-lived intangible asset amortization expense was $24 million and $49 million for the three and six months ended June 30, 2011 and $23 million and $46 million for the three and six months ended June 30, 2010.

 

As of June 30, 2011, estimated amortization expense for the Company’s finite-lived acquisition-related intangible assets over the next five years and thereafter is as follows (in millions):

 

2011 (remaining six months)

 

$

45

 

2012

 

69

 

2013

 

51

 

2014

 

39

 

2015

 

28

 

2016

 

21

 

Thereafter

 

18

 

 

 

$

271