Voya 2014 Annual Report Download - page 333

Voya Financial, Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
In addition, computer software that has been purchased or developed internally for own use is stated at cost, less
amortization and any impairment losses. Amortization is calculated on a straight-line basis over its useful life.
When assessing potential impairment, the unamortized capitalized costs are compared with the net realizable
value of the computer software. The amount by which the unamortized capitalized costs exceed the net realizable
value is written off.
The following table presents other intangible assets as of the dates indicated:
Weighted
Average
Amortization
Lives
December 31, 2014 December 31, 2013
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Management contract
rights ................ 20years $ 550.0 $394.2 $155.8 $ 550.0 $366.7 $183.3
Customer relationship
lists ................. 20years 115.8 50.0 65.8 115.8 41.9 73.9
Computer software ....... 3years 500.5 468.8 31.7 485.3 449.9 35.4
Total intangible assets ..... $1,166.3 $913.0 $253.3 $1,151.1 $858.5 $292.6
Amortization expense related to intangible assets was $54.6, $51.7 and $53.7 for the years ended December 31,
2014, 2013 and 2012, respectively.
The estimated amortization of intangible assets are as follows:
Year Amount
2015 .............................................. $44.8
2016 .............................................. 38.9
2017 .............................................. 30.4
2018 .............................................. 27.5
2019 .............................................. 27.5
Thereafter .......................................... 18.3
Amortization of intangibles assets is included in the Consolidated Statements of Operations in Operating
expenses.
The Company does not have any indefinite-lived intangibles other than goodwill.
10. Share-based Incentive Compensation Plans
ING U.S., Inc. 2013 Omnibus Employee Incentive Plan and Voya Financial, Inc. 2014 Omnibus Employee
Incentive Plan
The Company has provided equity-based compensation awards to its employees principally under the ING U.S.,
Inc. 2013 Omnibus Employee Incentive Plan (the “2013 Omnibus Plan”), which the Company adopted in
connection with the IPO. At inception of the 2013 Omnibus Plan, a total of 7,650,000 shares of Company
common stock were reserved and available for issuance under the plan. As of December 31, 2014, common stock
reserved and available for issuance under the 2013 Omnibus Plan was 239,359 shares.
On May 28, 2014, the Company’s Board of Directors adopted, subject to shareholder approval, the Voya
Financial, Inc. 2014 Omnibus Employee Incentive Plan (“the 2014 Omnibus Plan”). Shareholder approval for the
310