MasterCard 2011 Annual Report Download - page 107

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MASTERCARD INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 10. Other Intangible Assets
The following table sets forth net intangible assets, other than goodwill, at December 31:
2011 2010
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
(in millions)
Amortized intangible assets:
Capitalized software ......... $ 765 $(502) $263 $ 683 $(447) $236
Trademarks and tradenames . . . 46 (26) 20 33 (22) 11
Customer relationships ....... 218 (26) 192 91 (5) 86
Other ..................... 4 (3) 1 4 (1) 3
Total ......................... 1,033 (557) 476 811 (475) 336
Unamortized intangible assets:
Customer relationships ....... 189 — 189 194 — 194
Total ......................... $1,222 $(557) $665 $1,005 $(475) $530
Additions to capitalized software in 2011 primarily related to internally developed software and the
acquisition of Access. Additions to capitalized software in 2010 primarily related to internally developed
software and the acquisition of DataCash. See Note 2 (Acquisitions) for further details. Amortizable customer
relationships were added in 2011 and 2010 due to the acquisitions of Access and DataCash, respectively. 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:
2011 2010 2009
(in millions)
Amortization .................................................... $117 $ 78 $65
Capitalized software impairments ................................... 1 2 3
Intangible asset impairments (other than capitalized software) ............. — — 2
103