Tyson Foods 2014 Annual Report Download - page 65
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The following table reflects other intangible assets by type at September 27, 2014 , and September 28, 2013 :
Beginning with the date benefits are realized, amortizable intangible assets are generally amortized using the straight-line method over their
estimated period of benefit of 20 years or less. Amortization expense of $26 million , $17 million and $16 million was recognized during fiscal
2014 , 2013 and 2012 , respectively. We estimate amortization expense on intangible assets for the next five fiscal years subsequent to
September 27, 2014 , will be: 2015 - $94 million ; 2016 - $85 million ; 2017 - $80 million ; 2018 - $79 million ; 2019 - $75 million .
57
in millions
2014
2013
Amortizable intangible assets:
Brands and trademarks
$
611
$
69
Customer relationships
570
12
Patents, intellectual property and other
136
140
Non-compete agreements
6
—
Land use rights
8
8
Total gross amortizable intangible assets
$
1,331
$
229
Less accumulated amortization
133
107
Total net amortizable intangible assets
$
1,198
$
122
Brands and trademarks not subject to amortization
4,078
16
Total intangible assets
$
5,276
$
138