Boeing 2012 Annual Report Download - page 79

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67
The gross carrying amounts and accumulated amortization of our acquired finite-lived intangible assets
were as follows at December 31:
2012 2011
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Distribution rights $2,132 $388 $1,915 $295
Product know-how 507 171 507 144
Customer base 617 300 606 253
Developed technology 865 717 833 684
Other 214 145 195 133
Total $4,335 $1,721 $4,056 $1,509
Amortization expense for acquired finite-lived intangible assets for the years ended December 31, 2012
and 2011 was $213 and $203. Estimated amortization expense for the five succeeding years is as follows:
2013 – $191; 2014 – $185; 2015 – $176; 2016 – $160; and 2017 – $152.
During 2012 and 2011 we acquired $277 and $269 of finite-lived intangible assets, of which $213 and
$256 related to non-cash investing and financing transactions. Total acquired finite-lived intangibles of
$352 and $335 remain unpaid as of December 31, 2012 and 2011.
Note 4 – Earnings Per Share
Basic and diluted earnings per share are computed using the two-class method, which is an earnings
allocation method that determines earnings per share for common shares and participating securities. The
undistributed earnings are allocated between common shares and participating securities as if all earnings
had been distributed during the period. Participating securities and common shares have equal rights to
undistributed earnings.
Basic earnings per share is calculated by taking net earnings, less earnings available to participating
securities, divided by the basic weighted average common shares outstanding.
Diluted earnings per share is calculated by taking net earnings, less earnings available to participating
securities, divided by the diluted weighted average common shares outstanding.