MasterCard 2010 Annual Report Download - page 112

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MASTERCARD INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—continued
The Company had no accumulated impairment losses for goodwill at December 31, 2010 or 2009. Based on
annual impairment testing, no reporting units are at significant risk of future material goodwill impairment.
Note 11. Other Intangible Assets
The following table sets forth net intangible assets, other than goodwill, at December 31:
2010 2009
(in millions)
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Amortized intangible assets:
Capitalized software $ 683 $(447) $236 $582 $(397) $185
Trademarks and tradenames 33 (22) 11 22 (22) —
Customer relationships 91 (5) 86 22 (2) 20
Other 4 (1) 3 2 (1) 1
Total 811 (475) 336 628 (422) 206
Unamortized intangible assets:
Customer relationships 194 — 194 209 — 209
Total $1,005 $(475) $530 $837 $(422) $415
Additions to capitalized software in 2010 primarily related to internally developed software and the
acquisition of DataCash. See Note 2 (Acquisition of DataCash Group plc) for further details. Amortizable
customer relationships were added in 2010 due to the acquisition of DataCash. Certain intangible assets,
including amortizable and unamortizable customer relationships and trademarks and tradenames, are
denominated in foreign currencies. As such, the change in intangible assets includes a component attributable to
foreign currency translation.
Amortization and impairment expense on the assets above amounted to the following for the years ended
December 31:
2010 2009 2008
(in millions)
Amortization $78 $65 $53
Capitalized software impairments $2 $ 3 $1
Intangible asset impairments (other than capitalized software) $— $ 2 $—
The following table sets forth the estimated future amortization expense on amortizable intangible assets for
the years ending December 31:
(in millions)
2011 $92
2012 77
2013 53
2014 33
2015 and thereafter 81
$336
102