Microsoft 2013 Annual Report Download - page 64

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The components of intangible assets acquired during the periods presented were as follows:
(In millions)
Amount
Weighted
Average Life
Amount
Weighted
Average Life
Year Ended June 30,
2013
2012
Technology-based
$ 539
4 years
$ 1,548
7 years
Marketing-related
39
7 years
1,249
15 years
Contract-based
0
115
7 years
Customer-related
89
6 years
114
5 years
Total
$ 667
5 years
$ 3,026
10 years
Intangible assets amortization expense was $739 million, $558 million, and $537 million for fiscal years 2013, 2012, and
2011, respectively. Amortization of capitalized software was $210 million, $117 million, and $114 million for fiscal years
2013, 2012, and 2011, respectively.
The following table outlines the estimated future amortization expense related to intangible assets held at June 30, 2013:
(In millions)
Year Ending June 30,
2014
$ 645
2015
454
2016
382
2017
281
2018
242
Thereafter
1,079
Total
$ 3,083
NOTE 12 — DEBT
As of June 30, 2013, the total carrying value and estimated fair value of our long-term debt, including the current portion,
were $15.6 billion and $15.8 billion, respectively. This is compared to a carrying value and estimated fair value of $11.9
billion and $13.2 billion, respectively, as of June 30, 2012. These estimated fair values are based on Level 2 inputs.