ADT 2013 Annual Report Download - page 143

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FORM 10-K
Other Intangible Assets
The following table sets forth the gross carrying amounts and accumulated amortization of the Company’s
other intangible assets as of September 27, 2013 and September 28, 2012 ($ in millions):
September 27, 2013 September 28, 2012
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Amortizable:
Contracts and related customer
relationships ............... $7,697 $4,780 $7,247 $4,392
Other ...................... 13 8 12 6
Total ................... $7,710 $4,788 $7,259 $4,398
Changes in the net carrying amount of contracts and related customer relationships for the years ended
September 27, 2013 and September 28, 2012 are as follows ($ in millions):
Balance as of September 28, 2012 ............................... $2,855
Acquisition of customer relationships (Devcon Security) ............. 84
Customer contract additions, net of dealer charge-backs .............. 552
Amortization ................................................ (566)
Currency translation .......................................... (8)
Balance as of September 27, 2013 ............................... $2,917
Balance as of September 30, 2011 ............................... $2,749
Customer contract additions, net of dealer charge-backs .............. 642
Amortization ................................................ (544)
Currency translation .......................................... 8
Balance as of September 28, 2012 ............................... $2,855
Other than goodwill, the Company does not have any other indefinite-lived intangible assets as of
September 27, 2013 and September 28, 2012. Intangible asset amortization expense for fiscal years 2013, 2012
and 2011 was $569 million, $546 million and $518 million, respectively. The weighted-average amortization
period for contracts and related customer relationships acquired during fiscal year 2013 was 15 years.
The estimated aggregate amortization expense for intangible assets is expected to be approximately $537
million for fiscal year 2014, $454 million for fiscal year 2015, $384 million for fiscal year 2016, $321 million for
fiscal year 2017, $268 million for fiscal year 2018 and $958 million for fiscal year 2019 and thereafter.
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