General Motors 2011 Annual Report Download - page 119

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The following table summarizes the amortization expense related to intangible assets (dollars in millions):
Successor Predecessor
Year Ended
December 31,
2011
Year Ended
December 31,
2010
July 10, 2009
Through
December 31, 2009
January 1, 2009
Through
July 9, 2009
Amortization expense related to intangible assets ................. $1,799 $2,560 $1,584 $44
The following table summarizes estimated amortization expense related to intangible assets in each of the next five years (dollars in
millions):
Estimated
Amortization
Expense
2012 ............................................................................................ $1,561
2013 ............................................................................................ $1,228
2014 ............................................................................................ $ 611
2015 ............................................................................................ $ 313
2016 ............................................................................................ $ 314
Note 14. Restricted Cash and Marketable Securities
Cash and marketable securities subject to contractual restrictions and not readily available are classified as Restricted cash and
marketable securities. Restricted cash and marketable securities are invested in accordance with the terms of the underlying
agreements.
Automotive
At December 31, 2011 and 2010 we held securities of $0.6 billion and $1.5 billion that were classified as Restricted cash and
marketable securities. Refer to Note 7 for additional information on securities classified as Restricted cash and marketable securities.
The following table summarizes the components of Restricted cash and marketable securities (dollars in millions):
Successor
December 31, 2011 December 31, 2010
Current
Canadian Health Care Trust (HCT) (a) ............................................... $ — $1,008
Other(b) ...................................................................... 206 232
Total current restricted cash and marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 206 1,240
Non-current
Collateral for insurance related activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 407 588
Other(b) ...................................................................... 505 572
Total non-current restricted cash and marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 912 1,160
Total restricted cash and marketable securities ......................................... $1,118 $2,400
(a) Under the terms of an escrow agreement between General Motors of Canada Limited (GMCL), the Export Development Canada
(EDC) and an escrow agent, GMCL established an $893 million escrow to fund certain of its healthcare obligations. In the year
ended December 31, 2011 $772 million of the escrow funds were used to fund the healthcare obligations and the escrow
arrangement was terminated. The remaining funds held in escrow of $225 million were no longer subject to restrictions and were
released to us.
(b) Includes amounts related to various letters of credit, deposits, escrows and other cash collateral requirements.
General Motors Company 2011 Annual Report 117