United Healthcare 2013 Annual Report Download - page 88

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For the years ended December 31, 2013, 2012 and 2011, aggregate consideration paid, net of cash assumed, for
acquisitions other than Amil was $0.4 billion, $3.3 billion and $1.8 billion, respectively. These acquisitions were
not material to the Company’s Consolidated Financial Statements.
The gross carrying value, accumulated amortization and net carrying value of other intangible assets were as
follows:
December 31, 2013 December 31, 2012
(in millions)
Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Value
Gross
Carrying
Value
Accumulated
Amortization
Net
Carrying
Value
Customer-related ..................... $4,821 $(2,028) $2,793 $5,229 $(1,629) $3,600
Trademarks and technology ............. 433 (191) 242 445 (146) 299
Trademarks—indefinite-lived ........... 589 — 589 611 — 611
Other ............................... 284 (64) 220 221 (49) 172
Total ............................... $6,127 $(2,283) $3,844 $6,506 $(1,824) $4,682
The acquisition date fair values and weighted-average useful lives assigned to finite-lived intangible assets
acquired in business combinations consisted of the following by year of acquisition:
2013 2012
(in millions, except years)
Fair
Value
Weighted-
Average
Useful Life
Fair
Value
Weighted-
Average
Useful Life
Customer-related ............................................ $55 12years $1,530 8 years
Trademarks and technology .................................... 27 12years 79 4 years
Other ...................................................... — 111 15years
Total acquired finite-lived intangible assets ....................... $82 12years $1,720 9 years
Estimated full year amortization expense relating to intangible assets for each of the next five years ending
December 31 is as follows:
(in millions)
2014 ................................................................................. $500
2015 ................................................................................. 478
2016 ................................................................................. 449
2017 ................................................................................. 411
2018 ................................................................................. 332
Amortization expense relating to intangible assets for 2013, 2012 and 2011 was $519 million, $448 million and
$361 million, respectively.
7. Medical Costs and Medical Costs Payable
The following table provides details of the Company’s net favorable medical cost development:
For the Years Ended December 31,
(in millions) 2013 2012 2011
Related to Prior Years ............................................... $680 $860 $720
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