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Other Intangible Assets
The following table displays the composition of Other intangible assets, net:
(dollars in millions)
2015 2014
At December31,
Gross
Amount
Accumulated
Amortization
Net
Amount
Gross
Amount
Accumulated
Amortization
Net
Amount
Customer lists (5 to 14 years) $ 4,139 $ (2,365) $ 1,774 $ 3,618 $ (2,924) $ 694
Non- network internal-use software (3 to 8 years) 14,542 (9,620) 4,922 12,791 (8,428) 4,363
Other (5 to 25 years) 2,220 (578) 1,642 1,073 (402) 671
Total $ 20,901 $ (12,563) $ 8,338 $ 17,482 $ (11,754) $ 5,728
The amortization expense for Other intangible assets was as follows:
Years (dollars in millions)
2015 $ 1,694
2014 1,567
2013 1,587
Estimated annual amortization expense for Other intangible assets is
as follows:
Years (dollars in millions)
2016 $ 1,696
2017 1,491
2018 1,311
2019 1,082
2020 805
Note4
Plant, Property and Equipment
The following table displays the details of Plant, property and
equipment, which is stated at cost:
(dollars in millions)
At December31, Lives (years) 2015 2014
Land – $ 709 $ 763
Buildings and equipment 15 – 45 25,587 25,209
Central ofce and other network
equipment 3 – 50 129,201 129,619
Cable, poles and conduit 11 – 50 44,290 54,797
Leasehold improvements 5 – 20 7,104 6,374
Work in progress – 4,907 4,580
Furniture, vehicles and other 3 – 20 8,365 9,166
220,163 230,508
Less accumulated depreciation 136,622 140,561
Plant, property and equipment, net $ 83,541 $ 89,947
Note5
Investments in Unconsolidated Businesses
Equity Method Investments
Vodafone Omnitel
Vodafone Omnitel N.V. (Vodafone Omnitel) is one of the largest
wireless communications companies in Italy. Prior to the completion
of the Wireless Transaction on February21, 2014, Verizon held a 23.1%
ownership interest in Vodafone Omnitel. As part of the consideration
of the Wireless Transaction, a subsidiary of Verizon sold its entire
ownership interest in Vodafone Omnitel to a subsidiary of Vodafone on
February21, 2014. See Note2 for additional information.
Other Equity and Cost Investees
The remaining investments include wireless partnerships in the U.S.,
limited partnership investments in entities that invest in affordable
housing projects and other smaller domestic and international
investments.
Summarized Financial Information
The financial information for our equity method investees in 2015 and
2014, including Vodafone Omnitel through the closing of the Wireless
Transaction in February 2014, was not significant and therefore is
notreflected in the table below.
Summarized financial information for our equity investees in 2013 is
as follows:
Income Statement
(dollars in millions)
Years Ended December31, 2013
Net revenue $ 8,984
Operating income 1,632
Net income 925
53Verizon Communications Inc. and Subsidiaries
Notes to Consolidated Financial Statements continued