Crucial 2015 Annual Report Download - page 60

Download and view the complete annual report

Please find page 60 of the 2015 Crucial annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 113

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113

58
Intangible Assets
As of 2015 2014
Gross
Amount Accumulated
Amortization Gross
Amount Accumulated
Amortization
Product and process technology $ 864 $ (416) $ 809 $ (341)
Other 2 (1) 1 (1)
$ 866 $ (417) $ 810 $ (342)
During 2015 and 2014, we capitalized $98 million and $177 million, respectively, for product and process technology with
weighted-average useful lives of seven years and six years, respectively. Amortization expense was $117 million, $110 million,
and $83 million for 2015, 2014, and 2013, respectively. The expected annual amortization expense for intangible assets held as
of September 3, 2015 is $118 million for 2016, $102 million for 2017, $93 million for 2018, $43 million for 2019, and
$26 million for 2020.
Accounts Payable and Accrued Expenses
As of 2015 2014
Accounts payable $ 1,020 $ 996
Property, plant and equipment payables 577 289
Related party payables 338 673
Salaries, wages and benefits 321 456
Income and other taxes 85 71
Customer advances 15 98
Other 255 281
$ 2,611 $ 2,864
As of September 3, 2015 and August 28, 2014, related party payables included $327 million and $660 million,
respectively, due to Inotera primarily for the purchase of DRAM products. As of September 3, 2015 and August 28, 2014,
related party payables also included $11 million and $13 million, respectively, due to Tera Probe for probe services performed.
(See "Equity Method Investments" note.)
As of August 28, 2014, customer advances included $90 million, and other noncurrent liabilities also included $90 million,
for amounts received from a customer in 2014 under a DRAM supply agreement, all of which was applied to purchases during
2015.