Cigna 2011 Annual Report Download - page 108

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86 CIGNA CORPORATION2011 Form10K
PART II
ITEM 8 Financial Statements and Supplementary Data
NOTE 8 Goodwill, Other Intangibles, and Property and Equipment
Goodwill primarily relates to the Health Care segment ($2.9billion)
and, to a lesser extent, the International segment ($290million) and
increased by $45million during 2011 primarily as a result of the
acquisition of FirstAssist. e fair values of the Company’s Health Care
segment and International’s reporting unit are substantially in excess of
their carrying values therefore the risk for future impairment is unlikely.
Other intangible assets were comprised of the following at December31:
(Dollars in millions)
Cost
Accumulated
Amortization
Net Carrying
Value
Weighted
Average
Amortization
Period(Years)
2011
Customer relationships $ 583 $ 313 $ 270 13
Other 127 27 100 12
Total reported in other assets, including other intangibles 710 340 370
Internal-use software reported in property and equipment 1,600 1,054 546 5
TOTAL OTHER INTANGIBLE ASSETS $ 2,310 $ 1,394 $ 916
2010
Customer relationships $ 587 $ 277 $ 310 12
Other 70 22 48 14
Total reported in other assets, including other intangibles 657 299 358
Internal-use software reported in property and equipment 1,379 875 504 5
TOTAL OTHER INTANGIBLE ASSETS $ 2,036 $ 1,174 $ 862
e increase in intangible assets in 2011 primarily relates to the acquisition of FirstAssist.
Property and equipment was comprised of the following as of December31:
(Dollars in millions)
Cost
Accumulated
Amortization
Net Carrying
Value
2011
Internal-use software $ 1,600 $ 1,054 $ 546
Other property and equipment 1,285 807 478
TOTAL PROPERTY AND EQUIPMENT $ 2,885 $ 1,861 $ 1,024
2010
Internal-use software $ 1,379 $ 875 $ 504
Other property and equipment 1,190 782 408
TOTAL PROPERTY AND EQUIPMENT $ 2,569 $ 1,657 $ 912
Depreciation and amortization was comprised of the following for the years ended December31:
(Dollars in millions)
2011 2010 2009
Internal-use software $ 187 $ 161 $ 147
Other property and equipment 117 99 91
Depreciation and amortization of property and equipment 304 260 238
Other intangibles 41 32 30
TOTAL DEPRECIATION AND AMORTIZATION $ 345 $ 292 $ 268
e Company estimates annual pre-tax amortization for intangible assets, including internal-use software, over the next ve calendar years to be
as follows: $231million in 2012, $186million in 2013, $139million in 2014, $83million in 2015, and $68million in 2016.
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