PROCTER & GAMBLE Co | 2013 | FY | 3


Amortization expense of intangible assets was as follows:
Years ended June 30
2013
  
2012
  
2011
Intangible asset amortization
$
528

  
$
500

  
$
546


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Identifiable intangible assets were comprised of:
 
2013
 
2012
June 30
Gross
Carrying
Amount
Accumulated
Amortization
 
Gross
Carrying
Amount
Accumulated
Amortization
INTANGIBLE ASSETS WITH DETERMINABLE LIVES
Brands
$
4,251

$
2,020

 
$
3,297

$
1,687

Patents and technology
2,976

2,032

 
3,164

2,021

Customer relationships
2,118

703

 
2,048

642

Other
348

168

 
352

218

TOTAL
9,693

4,923

 
8,861

4,568

 
 
 
 
 
 
INTANGIBLE ASSETS WITH INDEFINITE LIVES
Brands
26,802


 
26,695


TOTAL
36,495

4,923

 
35,556

4,568


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The change in the net carrying amount of goodwill by reportable segment was as follows:
 
Beauty
Grooming
Health Care
Fabric Care and Home Care
Baby Care and Family Care
Corporate
Total Company
GOODWILL at JUNE 30, 2011 - Gross
$
18,039

$
22,650

$
8,179

$
6,735

$
1,553

$
406

$
57,562

Accumulated impairment losses at June 30, 2011







GOODWILL at JUNE 30, 2011 - Net
18,039

22,650

8,179

6,735

1,553

406

57,562

Acquisitions and divestitures
(3
)
(12
)
474

34


(92
)
401

Goodwill impairment charges
(431
)
(899
)




(1,330
)
Translation and other
(1,176
)
(1,059
)
(314
)
(212
)
(94
)
(5
)
(2,860
)
GOODWILL at JUNE 30, 2012 - Gross
16,860

21,579

8,339

6,557

1,459

309

55,103

Accumulated impairment losses at June 30, 2012
(431
)
(899
)




(1,330
)
GOODWILL at JUNE 30, 2012 - Net
16,429

20,680

8,339

6,557

1,459

309

53,773

Acquisitions and divestitures
(21
)
(40
)
624

(11
)
463


1,015

Goodwill impairment charges

(259
)




(259
)
Translation and other
255

236

96

40

32


659

GOODWILL at JUNE 30, 2013 - Gross
17,094

21,775

9,059

6,586

1,954

309

56,777

Accumulated impairment losses at June 30, 2013
(431
)
(1,158
)




(1,589
)
GOODWILL at JUNE 30, 2013 - Net
16,663

20,617

9,059

6,586

1,954

309

55,188


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Estimated amortization expense over the next five fiscal years is as follows:
Years ended June 30
2014
 
2015
 
2016
 
2017
 
2018
Estimated amortization expense
$
504

 
$
485

 
$
442

 
$
405

 
$
380

Such estimates do not reflect the impact of future foreign exchange rate changes.

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