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INTANGIBLE ASSETS
3 Months Ended
Sep. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 9  INTANGIBLE ASSETS

The components of intangible assets, all of which are finite-lived, were as follows:

 

(In millions)

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net

Carrying

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

2022

 

 

June 30,

2022

 

 

 

 

 

 

 

 

Technology-based

 

$

11,409

 

 

$

(7,253

)

 

$

4,156

 

 

$

11,277

 

 

$

(6,958

)

 

$

4,319

 

Customer-related

 

 

7,343

 

 

 

(3,407

)

 

 

3,936

 

 

 

7,342

 

 

 

(3,171

)

 

 

4,171

 

Marketing-related

 

 

4,941

 

 

 

(2,237

)

 

 

2,704

 

 

 

4,942

 

 

 

(2,143

)

 

 

2,799

 

Contract-based

 

 

21

 

 

 

(9

)

 

 

12

 

 

 

16

 

 

 

(7

)

 

 

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

23,714

 

 

$

  (12,906

)

 

$

10,808

 

 

$

23,577

 

 

$

(12,279

)

 

$

11,298

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets amortization expense was $633 million and $439 million for the three months ended September 30, 2022 and 2021, respectively.

The following table outlines the estimated future amortization expense related to intangible assets held as of September 30, 2022:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ending June 30,

 

 

 

 

 

 

2023 (excluding the three months ended September 30, 2022)

 

$

2,033

 

2024

 

 

2,408

 

2025

 

 

1,666

 

2026

 

 

1,244

 

2027

 

 

826

 

Thereafter

 

 

2,631

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

10,808