v2.4.0.6
Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Mar. 30, 2012
Goodwill and Other Intangible Assets  
Changes in the carrying amount of goodwill by reporting units

(Dollars in millions)

 

 

 

Balance as of July 1, 2011

 

$

31

 

Goodwill acquired (1)

 

433

 

Balance as of March 30, 2012

 

$

464

 

Carrying value of intangible assets

The carrying value of other intangible assets subject to amortization as of March 30, 2012, is set forth in the following table:

 

(Dollars in millions)

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Net Carrying
Amount

 

Weighted Average
Remaining Useful Life

 

 

 

 

 

 

 

 

 

 

 

Existing technology

 

$

137

 

$

(19

)

$

118

 

1.7 years

 

Customer relationships

 

399

 

(20

)

379

 

5.5 years

 

Total amortizable other intangible assets

 

$

536

 

$

(39

)

$

497

 

4.6 years

 

 

 

 

 

The carrying value of other intangible assets subject to amortization as of July 1, 2011 is set forth in the following table:

 

(Dollars in millions)

 

Gross Carrying
Amount

 

Accumulated
Amortization

 

Net Carrying
Amount

 

Weighted Average
Remaining Useful Life

 

Customer relationships

 

$

3

 

$

(2

)

$

1

 

0.5 year

 

Expected amortization expense for acquisition-related intangible assets

 

 

(Dollars in millions)

 

 

 

 

 

 

 

Remainder of 2012

 

$

35

 

2013

 

139

 

2014

 

102

 

2015

 

70

 

2016

 

64

 

Thereafter

 

87

 

 

 

$

497