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In connection with the Adelphia and Time Warner transactions in
2006, we recognized total gains of approximately $646 million on
the redemptions and the exchange of cable systems held by
Century and Parnassos (see Note 5). These gains are included
within the “Gains on sales and exchanges of investments, net”
caption in the table above.
Note 7: Goodwill and Other Intangible Assets
The changes in the carrying amount of goodwill by business segment (see Note 16) are presented in the table below.
(in millions) Cable Programming
Corporate
and Other Total
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 306 139 209 654
Settlements and adjustments (475) (1) 6 (470)
Balance, December 31, 2008 $12,673 $1,620 $596 $14,889
Cable segment acquisitions in 2008 were primarily related to the
Insight transaction and the acquisition of an additional interest in
Comcast SportsNet Bay Area. Programming segment acquisitions
in 2008 were primarily related to the acquisition of the remaining
interest in G4 that we did not already own. Corporate and Other
acquisitions in 2008 were primarily related to Internet-related busi-
ness, including Plaxo and DailyCandy. Settlements and
adjustments in 2008 were primarily related to the settlement of
an uncertain tax position of an acquired entity (see Note 13).
Cable segment acquisitions in 2007 were primarily related to the
Houston transaction, the acquisition of the cable system of Patriot
Media and various smaller acquisitions. Corporate and Other
acquisitions in 2007 were primarily related to the acquisition of
Fandango. Settlements and adjustments in 2007 were primarily
related to valuation refinements made in connection with the Adel-
phia and Time Warner transactions and the adoption of FIN 48.
The gross carrying amount and accumulated amortization of our intangible assets subject to amortization are presented in the table below.
2008 2007
December 31 (in millions) Useful Life
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Customer relationships 4-12 years $ 5,512 $(4,030) $ 5,466 $(3,694)
Cable and satellite television distribution rights 6-22 years 1,533 (859) 1,482 (702)
Cable franchise renewal costs and contractual operating rights 5-15 years 1,154 (484) 1,045 (377)
Computer software 3-5 years 1,887 (1,045) 1,445 (798)
Patents and other technology rights 3-12 years 244 (119) 225 (90)
Programming agreements and rights 1-10 years 1,508 (1,303) 1,199 (1,017)
Other agreements and rights 2-21 years 880 (320) 854 (299)
Total $12,718 $(8,160) $11,716 $(6,977)
Comcast 2008 Annual Report on Form 10-K 56