NIKE INC | 2013 | FY | 3


NOTE 4 — Identifiable Intangible Assets and Goodwill
The following table summarizes the Company’s identifiable intangible asset balances as of May 31, 2013 and 2012:
 
 
As of May 31, 2013
 
As of May 31, 2012
(In millions)
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Patents
 
$
119

 
$
(35
)
 
$
84

 
$
99

 
$
(29
)
 
$
70

Trademarks
 
43

 
(32
)
 
11

 
40

 
(26
)
 
14

Other
 
20

 
(16
)
 
4

 
19

 
(16
)
 
3

TOTAL
 
$
182

 
$
(83
)
 
$
99

 
$
158

 
$
(71
)
 
$
87

Unamortized intangible assets —
Trademarks
 
 
 
 
 
283

 
 
 
 
 
283

IDENTIFIABLE INTANGIBLE
ASSETS, NET
 
 
 
 
 
$
382

 
 
 
 
 
$
370


Amortization expense, which is included in selling and administrative expense, was $14 million, $14 million, and $13 million for the years ended May 31, 2013, 2012, and 2011, respectively. The estimated amortization expense for intangible assets subject to amortization for each of the years ending May 31, 2014 through May 31, 2018 are as follows: 2014: $13 million; 2015: $9 million; 2016: $9 million; 2017: $7 million; 2018: $6 million.

Goodwill was $131 million at May 31, 2013 and May 31, 2012, respectively, and is included in the Company’s “Other” category for segment reporting purposes. There were no accumulated impairment balances for goodwill as of either period end.

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