Notes to Consolidated Financial Statements continued During 2017, we recognized preliminary goodwill of $1.9 billion within Other as a result of the acquisition of Yahoo’s operating business and $0.2 billion in Wireline as a result of the acquisition of XO. See Note 2 for additional information. Other Intangible Assets The following table displays the composition of Other intangible assets, net: (dollars in millions) 2017 2016 At December 31, Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Customer lists (5 to 13 years) $ 3,621 $ (691) $ 2,930 $ 2,884 $ (480) $ 2,404 Non-network internal-use software (3 to 7 years) 18,010 (12,374) 5,636 16,135 (10,913) 5,222 Other (2 to 25 years) 2,474 (793) 1,681 1,854 (583) 1,271 Total $ 24,105 $(13,858) $ 10,247 $ 20,873 $(11,976) $ 8,897 At December 31, 2017, we recognized preliminary other intangible assets of $1.9 billion in Corporate and other as a result of the acquisition of Yahoo’s operating business and $0.2 billion in Wireline as a result of the acquisition of XO. See Note 2 for additional information. The amortization expense for Other intangible assets was as follows: Years (dollars in millions) 2017 $ 2,213 2016 1,701 2015 1,694 Estimated annual amortization expense for Other intangible assets is as follows: Years (dollars in millions) 2018 $2,079 2019 1,787 2020 1,478 2021 1,227 2022 1,024 Note 4 Property, Plant and Equipment The following table displays the details of Property, plant and equipment, which is stated at cost: (dollars in millions) At December 31, Lives (years) 2017 2016 Land $ 806 $ 667 Buildings and equipment 7-45 28,914 27,117 Central office and other network equipment 3-50 145,093 136,737 Cable, poles and conduit 7-50 47,972 45,639 Leasehold improvements 5-20 8,394 7,627 Work in progress 6,139 5,710 Furniture, vehicles and other 3-20 9,180 8,718 246,498 232,215 Less accumulated depreciation 157,930 147,464 Property, plant and equipment, net $ 88,568 $ 84,751 2017 Annual Report | Verizon Communications Inc. and Subsidiaries 67
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