| As of December | ||||||||||||
| $ in millions | 2013 | Weighted Average Remaining Lives (years) |
2012 | |||||||||
|
Customer lists |
Gross carrying amount | $ 1,102 | $ 1,099 | |||||||||
| Accumulated amortization | (706 | ) | (643 | ) | ||||||||
| Net carrying amount | 396 | 7 | 456 | |||||||||
|
Commodities-related intangibles 1 |
Gross carrying amount | 510 | 513 | |||||||||
| Accumulated amortization | (341 | ) | (226 | ) | ||||||||
| Net carrying amount | 169 | 8 | 287 | |||||||||
|
Television broadcast royalties 2 |
Gross carrying amount | — | 560 | |||||||||
| Accumulated amortization | — | (186 | ) | |||||||||
| Net carrying amount | — | N/A 2 | 374 | |||||||||
|
Insurance-related intangibles 3 |
Gross carrying amount | — | 380 | |||||||||
| Accumulated amortization | — | (231 | ) | |||||||||
| Net carrying amount | — | N/A 3 | 149 | |||||||||
|
Other 4 |
Gross carrying amount | 906 | 950 | |||||||||
| Accumulated amortization | (800 | ) | (819 | ) | ||||||||
| Net carrying amount | 106 | 11 | 131 | |||||||||
|
Total |
Gross carrying amount | 2,518 | 3,502 | |||||||||
| Accumulated amortization | (1,847 | ) | (2,105 | ) | ||||||||
| Net carrying amount | $ 671 | 8 | $ 1,397 | |||||||||
| 1. |
Primarily includes commodities-related customer contracts and relationships, permits and access rights. |
| 2. |
These assets were sold in the first quarter of 2013 and total proceeds received approximated carrying value. |
| 3. |
These assets were related to the firm’s Americas reinsurance business, in which a majority stake was sold in April 2013. See Note 3 for further information about this sale. |
| 4. |
Primarily includes the firm’s exchange-traded fund lead market maker rights. |