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INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Finite-Lived 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

 

 

 

 

 

 

 

 

 

Acquired 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

 

 

Estimated Future Amortization Expense Related to Intangible Assets

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