GE 2005 Annual Report Download - page 113

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(113)
INTANGIBLE ASSETS SUBJECT TO AMORTIZATION
December 31 (In millions)
Gross
carrying
amount
Accumulated
amortization Net
GE
2005
Patents, licenses and trademarks $4,814 $(1,134 ) $3,680
Capitalized software 4,109
(2,261 ) 1,848
All other 2,172 (222 ) 1,950
Total $11,095 $(3,617 ) $7,478
2004
Patents, licenses and trademarks $ 4,736 $ (757 ) $ 3,979
Capitalized software 3,763 (1,869 ) 1,894
All other 1,171 (133 ) 1,038
Total $ 9,670 $ (2,759 ) $ 6,911
GECS
2005
Patents, licenses and trademarks $497 $(272 ) $225
Capitalized software 1,478 (799 ) 679
All other 2,661
(1,015 ) 1,646
Total $4,636 $(2,086 ) $2,550
2004
Patents, licenses and trademarks $ 438 $ (226 ) $ 212
Capitalized software 1,268 (672 ) 596
All other 2,226 (888 ) 1,338
Total $ 3,932 $ (1,786 ) $ 2,146
Consolidated amortization expense related to intangible assets subject to amortization was $1,413 million and
$1,375 million for 2005 and 2004, respectively.
SIGNIFICANT ACQUISITIONS AND COMBINATIONS
In April 2004, we acquired all of the outstanding common shares of Amersham, a world leader in medical
diagnostics and life sciences. The total purchase price of $11,279 million included 341.7 million shares of GE
common stock valued at $10,674 million, cash of $150 million and assumed debt of $455 million. Final allocation of
the purchase price assigned $8,452 million to goodwill, $2,704 million to identified intangible assets that are being
amortized over periods ranging from five to 25 years, $158 million to acquired inventories and $99 million to
acquired in-process research and development projects charged to operations in the second quarter of 2004.