McKesson 2011 Annual Report Download - page 83

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McKESSON CORPORATION
FINANCIAL NOTES (Continued)
77
9. Property, Plant and Equipment, Net
March 31,
(In millions)
2011
2010
Land
$
70
$
50
Building, machinery, equipment and other
1,973
1,808
Total property, plant and equipment
2,043
1,858
Accumulated depreciation
(1,052)
(1,007)
Property, plant and equipment, net
$
991
$
851
10. Goodwill and Intangible Assets, Net
Changes in the carrying amount of goodwill were as follows:
(In millions)
Distribution
Solutions
Technology
Solutions
Total
Balance, March 31, 2009
$
1,869
$
1,659
$
3,528
Goodwill acquired
7 4 11
Acquisition accounting and other adjustments
(26)
—
(26)
Foreign currency translation adjustments
21 34 55
Balance, March 31, 2010
$
1,871
$
1,697
$
3,568
Goodwill acquired
819 8 827
Acquisition accounting and other adjustments
(32)
(13)
(45)
Foreign currency translation adjustments
4 10 14
Balance, March 31, 2011
$
2,662
$
1,702
$
4,364
Information regarding intangible assets is as follows:
March 31, 2011
March 31, 2010
(In millions)
Weighted
Average
Remaining
Amortization
Period (years)
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer lists
7
$
1,057
$
(444)
$
613
$
832
$
(347)
$
485
Service agreements
17
723
(11)
712
—
—
—
Trademarks and trade names
14
76
(31)
45
45
(20)
25
Technology
3
204
(170)
34
190
(156)
34
Other
9
76
(24)
52
29
(22)
7
Total
$
2,136
$
(680)
$
1,456
$
1,096
$
(545)
$
551
Amortization expense of intangible assets was $132 million, $121 million and $128 million for 2011, 2010 and
2009. Estimated annual amortization expense of intangible assets is as follows: $186 million, $168 million,
$154 million, $136 million and $115 million for 2012 through 2016, and $697 million thereafter. All intangible
assets were subject to amortization as of March 31, 2011 and 2010.