Blizzard 2013 Annual Report Download - page 69

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50
Depreciation expense for the years ended December 31, 2013, 2012, and 2011 was $84 million, $90 million, and
$75 million, respectively.
Rental expense was $35 million, $37 million, and $38 million for the years ended December 31, 2013, 2012, and
2011, respectively.
8. Intangible Assets, Net
Intangible assets, net consist of the following (amounts in millions):
At December 31, 2013
Estimated
useful
lives
Gross
carrying
amount
Accumulated
amortization
Net carrying
amount
Acquired definite-lived intangible assets:
License agreements and other..................................
.
3 -
10 years $ 98 $ (90) $ 8
Internally developed franchises ...............................
.
11 -
12 years 309 (274) 35
Total definite-lived intangible assets ............................
.
$ 407 $ (364) $ 43
Acquired indefinite-lived intangible assets:
Activision trademark ...............................................
.
Indefinite 386
Acquired trade names ..............................................
.
Indefinite
47
Total indefinite-lived intangible assets .........................
.
$ 433
At December 31, 2012
Estimated
useful
lives
Gross
carrying
amount
Accumulated
amortization
Net carrying
amount
Acquired definite-lived intangible assets:
License agreements and other .................................
.
3 - 10 years $ 98 $ (88) $ 10
Internally developed franchises ...............................
.
11 - 12 years 309 (251) 58
Total definite-lived intangible assets ............................
.
$ 407 $ (339) $ 68
Acquired indefinite-lived intangible assets:
Activision trademark ...............................................
.
Indefinite 386
Acquired trade names ..............................................
.
Indefinite
47
Total indefinite-lived intangible assets .........................
.
$ 433
Amortization expense of intangible assets was $24 million, $30 million, and $72 million for the years ended
December 31, 2013, 2012, and 2011, respectively.
At December 31, 2013, future amortization of definite-lived intangible assets is estimated as follows (amounts in
millions):
2014 ....................................................................................................................................................... $ 15
2015 ....................................................................................................................................................... 12
2016 ....................................................................................................................................................... 7
2017 ....................................................................................................................................................... 4
2018 ....................................................................................................................................................... 3
Thereafter .............................................................................................................................................. 2
Total ....................................................................................................................................................... $ 43
We did not record any impairment charges against our intangible assets for the years ended December 31, 2013, 2012
and 2011.