Medtronic 2013 Annual Report Download - page 103

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75732me_10K.indd 88 6/25/13 6:39 PM
Table of Contents
Medtronic, Inc.
Notes to Consolidated Financial Statements (Continued)
Balances of intangible assets, net, excluding goodwill, for fiscal years 2013 and 2012 are as follows:
Purchased
Technology Trademarks
and and Acquired
(in millions) Patents Tradenames IPR&D Other Total
Amortizable intangible assets as of April 26, 2013
Original cost $ 3,896 $ 408 $ 363 $ 104 $ 4,771
Accumulated amortization (1,702) (320) — (76) (2,098)
Carrying value $ 2,194 $ 88 $ 363 $ 28 $ 2,673
Weighted average original life (in years) 12.5 11.8 N/A 8.8
Amortizable intangible assets as of April 27, 2012
Original cost $ 3,604 $ 373 $ 370 $ 148 $ 4,495
Accumulated amortization (1,440) (307) — (101) (1,848)
Carrying value $ 2,164 $ 66 $ 370 $ 47 $ 2,647
Weighted average original life (in years) 12.6 10.3 N/A 9.6
Amortization expense for fiscal years 2013, 2012, and 2011 was $331 million, $335 million, and $339 million, respectively.
Estimated aggregate amortization expense based on the current carrying value of amortizable intangible assets, excluding any
possible future amortization associated with acquired IPR&D, which has not met technological feasibility, is as follows:
(in millions)
Fiscal Year Amortization
Expense
2014 $ 337
2015 321
2016 308
2017 286
2018 271
Thereafter 787
$ 2,310
85