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The following table summarizes the components of gross and net intangible asset balances as of September 27, 2014 and
September 28, 2013 (in millions):
2014 2013
Gross
Carrying
Amount Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount Accumulated
Amortization
Net
Carrying
Amount
Definite-lived and amortizable acquired intangible
assets $7,127 $(3,085) $4,042 $6,081 $(2,002) $4,079
Indefinite-lived and non-amortizable acquired
intangible assets 100 0 100 100 0 100
Total acquired intangible assets $7,227 $(3,085) $4,142 $6,181 $(2,002) $4,179
Amortization expense related to acquired intangible assets was $1.1 billion, $960 million and $605 million in 2014, 2013 and
2012, respectively. As of September 27, 2014, the remaining weighted-average amortization period for acquired intangible
assets is 3.8 years. The expected annual amortization expense related to acquired intangible assets as of September 27, 2014,
is as follows (in millions):
2015 $ 1,204
2016 1,083
2017 825
2018 592
2019 175
Thereafter 163
Total $ 4,042
Note 5 – Income Taxes
The provision for income taxes for 2014, 2013 and 2012, consisted of the following (in millions):
2014 2013 2012
Federal:
Current $ 8,624 $ 9,334 $ 7,240
Deferred 3,183 1,878 5,018
11,807 11,212 12,258
State:
Current 855 1,084 1,182
Deferred (178) (311) (123)
677 773 1,059
Foreign:
Current 2,147 1,559 1,203
Deferred (658) (426) (490)
1,489 1,133 713
Provision for income taxes $13,973 $13,118 $14,030
Apple Inc. | 2014 Form 10-K | 63