Energy Transfer 2013 Annual Report Download - page 166

Table of Contents
Components and useful lives of intangible assets were as follows:
December 31, 2013
December 31, 2012
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Amortizable intangible assets:
Customer relationships, contracts and agreements (3 to 46
years) $ 1,393
$(164)
$1,290
$(80)
Patents (9 years) 48
(6)
48
(1)
Other (10 to 15 years) 4
(1)
4
(1)
Total amortizable intangible assets $ 1,445
$(171)
$1,342
$(82)
Non-amortizable intangible assets:
Trademarks 294
—
301
—
Total intangible assets $1,739
$(171)
$ 1,643
$(82)
Aggregate amortization expense of intangible assets was as follows:
Years Ended December 31,
2013
2012
2011
Reported in depreciation and amortization $ 88
$ 36
$24
Estimated aggregate amortization expense for the next five years is as follows:
Years Ending December 31:
2014
$ 93
2015
93
2016
93
2017
93
2018
92
We review amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets
may not be recoverable. If such a review should indicate that the carrying amount of amortizable intangible assets is not recoverable, we reduce the
carrying amount of such assets to fair value. We review non-amortizable intangible assets for impairment annually, or more frequently if circumstances
dictate.
Other Non-Current Assets, net
Other non-current assets, net are stated at cost less accumulated amortization. Other non-current assets, net consisted of the following:
December 31,
2013
2012
Unamortized financing costs (3 to 30 years) $70
$ 54
Regulatory assets 86
87
Deferred charges 144
140
Restricted funds 378
—
Other 88
76
Total other non-current assets, net $766
$ 357
Restricted funds primarily consisted of restricted cash held in our wholly-owned captive insurance companies.
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