Macy's 2009 Annual Report Download - page 72
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Future estimated intangible amortization expense is shown below:
(millions)
Fiscal year:
2010 ......................................................... $41
2011 ......................................................... 39
2012 ......................................................... 37
2013 ......................................................... 34
2014 ......................................................... 31
As a result of the acquisition of May, the Company established intangible assets related to favorable leases,
customer lists, customer relationships and both definite and indefinite-lived tradenames. Favorable lease
intangible assets are being amortized over their respective lease terms (weighted average life of approximately
twelve years) and customer relationship intangible assets are being amortized over their estimated useful lives of
ten years.
F-24