| INTANGIBLE ASSETS |
NOTE 9 — INTANGIBLE ASSETS The components of intangible assets, all of which are finite-lived, were as follows:
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(In millions) |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net Carrying Amount |
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September 30, 2024 |
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June 30, 2024 |
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Marketing-related |
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$ |
16,490 |
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$ |
(3,296 |
) |
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$ |
13,194 |
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$ |
16,500 |
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$ |
(3,101 |
) |
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$ |
13,399 |
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Technology-based |
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22,426 |
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(11,709 |
) |
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10,717 |
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21,913 |
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(10,741 |
) |
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11,172 |
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Customer-related |
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6,039 |
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(3,261 |
) |
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2,778 |
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6,038 |
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(3,051 |
) |
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2,987 |
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Contract-based |
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81 |
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(19 |
) |
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62 |
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58 |
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(19 |
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39 |
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Total |
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$ |
45,036 |
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$ |
(18,285 |
) |
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$ |
26,751 |
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$ |
44,509 |
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$ |
(16,912 |
) |
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$ |
27,597 |
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Intangible assets amortization expense was $1.4 billion and $636 million for the three months ended September 30, 2024 and 2023, respectively. The following table outlines the estimated future amortization expense related to intangible assets held as of September 30, 2024:
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(In millions) |
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Year Ending June 30, |
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2025 (excluding the three months ended September 30, 2024) |
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$ |
4,563 |
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2026 |
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4,538 |
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2027 |
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2,847 |
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2028 |
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1,961 |
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2029 |
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1,780 |
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Thereafter |
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11,062 |
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Total |
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$ |
26,751 |
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