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INTANGIBLE ASSETS | 12 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | NOTE 10 — 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 |
June 30, |  |  |  |  |  |  |  | 2023 |  |  |  |  |  |  |  |  | 2022 |
Technology-based |  | $ | 11,245 |  |  | $ | (7,589 | ) |  | $ | 3,656 |  |  | $ | 11,277 |  |  | $ | (6,958 | ) |  | $ | 4,319 |
Customer-related |  |  | 7,281 |  |  |  | (4,047 | ) |  |  | 3,234 |  |  |  | 7,342 |  |  |  | (3,171 | ) |  |  | 4,171 |
Marketing-related |  |  | 4,935 |  |  |  | (2,473 | ) |  |  | 2,462 |  |  |  | 4,942 |  |  |  | (2,143 | ) |  |  | 2,799 |
Contract-based |  |  | 29 |  |  |  | (15 | ) |  |  | 14 |  |  |  | 16 |  |  |  | (7 | ) |  |  | 9 |
Total |  | $ | 23,490 |  |  | $ | (14,124 | ) |  | $ | 9,366 |  |  | $ | 23,577 |  |  | $ | (12,279 | ) |  | $ | 11,298 |
No material impairments of intangible assets were identified during fiscal years 2023, 2022, or 2021. We estimate that we have no significant residual value related to our intangible assets. 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, |  | 2023 |  |  |  |  |  | 2022 |  |  |  |
Technology-based |  | $ | 522 |  |  |  | 7 years |  |  | $ | 2,611 |  |  |  | 4 years |
Customer-related |  |  | 0 |  |  |  | 0 years |  |  |  | 2,837 |  |  |  | 9 years |
Marketing-related |  |  | 7 |  |  |  | 5 years |  |  |  | 233 |  |  |  | 4 years |
Contract-based |  |  | 12 |  |  |  | 3 years |  |  |  | 0 |  |  |  | 0 years |
Total |  | $ | 541 |  |  |  | 6 years |  |  | $ | 5,681 |  |  |  | 7 years |
Intangible assets amortization expense was $2.5 billion, $2.0 billion, and $1.6 billion for fiscal years 2023, 2022, and 2021, respectively. The following table outlines the estimated future amortization expense related to intangible assets held as of June 30, 2023:
(In millions) |  |  |
Year Ending June 30, |  |  |  |
2024 |  | $ | 2,363 |
2025 |  |  | 1,881 |
2026 |  |  | 1,381 |
2027 |  |  | 929 |
2028 |  |  | 652 |
Thereafter |  |  | 2,160 |
Total |  | $ | 9,366 |

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