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Comcast Corporation
Finite-Lived Intangible Assets
Estimated Amortization Expense of Finite-Lived Intangible Assets
(in millions)
2016 $ 1,785
2017 $ 1,612
2018 $ 1,365
2019 $ 1,039
2020 $ 902
Finite-lived intangible assets are subject to amortization and consist primarily of customer relationships
acquired in business combinations, software, cable franchise renewal costs, contractual operating rights and
intellectual property rights. Our finite-lived intangible assets are amortized primarily on a straight-line basis
over their estimated useful life or the term of the associated agreement.
We capitalize direct development costs associated with internal-use software, including external direct costs
of material and services and payroll costs for employees devoting time to these software projects. We also
capitalize costs associated with the purchase of software licenses. We include these costs in other intangible
assets and generally amortize them on a straight-line basis over a period not to exceed five years. We
expense maintenance and training costs, as well as costs incurred during the preliminary stage of a project,
as they are incurred. We capitalize initial operating system software costs and amortize them over the life of
the associated hardware.
We evaluate the recoverability of our finite-lived intangible assets whenever events or substantive changes in
circumstances indicate that the carrying amount may not be recoverable. The evaluation is based on the cash
flows generated by the underlying asset groups, including estimated future operating results, trends or other
determinants of fair value. If the total of the expected future undiscounted cash flows were less than the carry-
ing amount of the asset group, we would recognize an impairment charge to the extent the carrying amount
of the asset group exceeded its estimated fair value. Unless presented separately, the impairment charge is
included as a component of amortization expense.
97 Comcast 2015 Annual Report on Form 10-K