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Note 7: Goodwill and Other Intangible Assets
The changes in the carrying amount of goodwill by business segment (see Note 15) are presented in the table below:
(in millions) Cable Programming
Corporate
and Other Total
Balance, December 31, 2005 $ 12,273 $ 966 $ 259 $ 13,498
Acquisitions 432 468 58 958
Settlements and adjustments (695) 7 — (688)
Balance, December 31, 2006 $ 12,010 $ 1,441 $ 317 $ 13,768
Acquisitions 660 — 146 806
Settlements and adjustments 172 41 (82) 131
Balance, December 31, 2007 $ 12,842 $ 1,482 $ 381 $ 14,705
Acquisitions in 2007 are primarily related to the Houston transaction, the acquisition of the cable system of Patriot Media and various
smaller acquisitions. Acquisitions in 2006 are primarily related to the Adelphia and Time Warner transactions, the Susquehanna acquisition
and the acquisition of our additional interest in E! Entertainment Television. Settlements and adjustments are primarily related to valuation
refinements related to the Adelphia and Time Warner transactions, the adoption of FIN 48 and, in 2006, the settlement of certain
pre-acquisition tax liabilities.
The gross carrying amount and accumulated amortization of our intangible assets subject to amortization are as follows:
2007 2006
December 31 (in millions) Useful Life
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Customer relationships 4–12 years $ 5,466 $ (3,694) $ 4,954 $ (3,188)
Cable and satellite television distribution rights 5–11 years 1,482 (702) 1,267 (533)
Cable franchise renewal costs and contractual operating rights 10 years 1,045 (377) 982 (283)
Computer software 3–5 years 1,445 (798) 1,104 (515)
Patents and other technology rights 3–12 years 225 (90) 214 (62)
Programming agreements and rights 1–4 years 1,199 (1,017) 1,026 (782)
Other agreements and rights 2–22 years 854 (299) 877 (180)
Total $ 11,716 $ (6,977) $ 10,424 $ (5,543)
Estimated amortization expense for each of the next five years is
as follows:
(in millions)
Estimated
Amortization
2008 $ 1,292
2009 $ 1,190
2010 $ 932
2011 $ 628
2012 $ 503
55 Comcast 2007 Annual Report on Form 10-K