Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
 9 Months Ended
Sep. 29, 2012
Intangible Assets

Note D — Intangible Assets

 

     Weighted      September 2012      December 2011  
     Average
Amortization
Period		      Cost      Accumulated
Amortization		      Net
Carrying
Amount 		     Net
Carrying
Amount 		 

Amortizable intangible assets:

               

Customer relationships

      19 years       $ 613,693       $ 163,487       $ 450,206       $ 477,817   

License agreements

      24 years         183,656         65,653         118,003         124,239   

Trademarks and other

      8 years         19,357         9,417         9,940         11,934   
           

 

 

     

 

 

  

Amortizable intangible assets, net

               578,149         613,990   
           

 

 

     

 

 

  

Indefinite-lived intangible assets:

               

Trademarks and trade names

               2,344,084         2,344,473   
           

 

 

     

 

 

  

Intangible assets, net

             $ 2,922,233       $ 2,958,463   
           

 

 

     

 

 

  

Intangible assets are amortized using the following methods: customer relationships — accelerated methods; license agreements — accelerated and straight-line methods; trademarks and other — straight-line method.

Amortization of intangible assets for the third quarter and first nine months of 2012 was $11.9 million and $36.1 million, respectively, and is expected to be $47.8 million for the year ended 2012. Estimated amortization expense for the years ending 2013 through 2016 is $46.3 million, $44.6 million, $42.8 million and $41.1 million, respectively.