Cigna 2013 Annual Report Download - page 113
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PART II
ITEM 8. Financial Statements and Supplementary Data
Other intangible assets were comprised of the following at December 31:
Accumulated Net Carrying
(Dollars in millions) Cost Amortization Value
2013
Customer relationships $ 1,289 $ 635 $ 654
Other 324 76 248
Total reported in other assets, including other intangibles 1,613 711 902
Value of business acquired (reported in deferred policy acquisition costs) 168 20 148
Internal-use software (reported in property and equipment) 1,942 1,307 635
TOTAL OTHER INTANGIBLE ASSETS $ 3,723 $ 2,038 $ 1,685
2012
Customer relationships $ 1,278 $ 466 $ 812
Other 328 80 248
Total reported in other assets, including other intangibles 1,606 546 1,060
Value of business acquired (reported in deferred policy acquisition costs) 172 2 170
Internal-use software (reported in property and equipment) 1,738 1,191 547
TOTAL OTHER INTANGIBLE ASSETS $ 3,516 $ 1,739 $ 1,777
Property and equipment was comprised of the following as of December 31:
Accumulated Net Carrying
(Dollars in millions) Cost Amortization Value
2013
Internal-use software $ 1,942 $ 1,307 $ 635
Other property and equipment 1,747 918 829
TOTAL PROPERTY AND EQUIPMENT $ 3,689 $ 2,225 $ 1,464
2012
Internal-use software $ 1,738 $ 1,191 $ 547
Other property and equipment 1,415 842 573
TOTAL PROPERTY AND EQUIPMENT $ 3,153 $ 2,033 $ 1,120
Other property and equipment includes assets recorded under capital December 31, 2013. Assets under capital leases were not material in
leases with a cost of $306 million, accumulated amortization of 2012.
$16 million, and a net carrying value of $290 million as of
Depreciation and amortization was comprised of the following for the years ended December 31:
(Dollars in millions) 2013 2012 2011
Internal-use software $ 225 $ 209 $ 187
Other property and equipment 160 144 117
Value of business acquired (reported in deferred policy acquisition costs) 19 2 -
Other intangibles 193 205 41
TOTAL DEPRECIATION AND AMORTIZATION $ 597 $ 560 $ 345
Other property and equipment includes depreciation on assets The Company estimates annual pre-tax amortization for intangible
recorded under capital leases of $16 million in 2013. assets, including internal-use software, over the next five calendar
years to be as follows: $410 million in 2014, $327 million in 2015,
The increase in amortization of other intangibles in 2012 relates $253 million in 2016, $167 million in 2017, and $133 million in
primarily to the acquisitions of HealthSpring and, to a lesser extent, 2018.
Great American Supplemental Benefits and Finans Emeklilik.
CIGNA CORPORATION - 2013 Form 10-K 81