Macy's 2012 Annual Report Download - page 64
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-17
Future estimated intangible amortization expense is shown below:
(millions)
Fiscal year
2013.................................................................................................................................... $ 34
2014.................................................................................................................................... 31
2015.................................................................................................................................... 21
2016.................................................................................................................................... 8
2017.................................................................................................................................... 7
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.