Symantec 2010 Annual Report Download - page 150

The retrospective adoption of this guidance resulted in the following adjustments to our Consolidated
Statements of Stockholders’ Equity:
Additional
Paid-In
Capital
Accumulated
(Deficit)
Earnings
(In millions)
Balances, March 30, 2007, as reported............................ $10,061 $ 1,348
Equity component of Senior Notes, net of taxes ..................... 357 —
Equity component of debt issuance costs .......................... (9) —
Amortization of debt discount .................................. — (64)
Amortization of debt issuance costs, net of reversal of previously recorded
amortization of debt issuance costs ............................ — 1
Tax adjustments ............................................ — 25
Balances, March 30, 2007, as adjusted............................ 10,409 1,310
Fiscal 2008 equity activity, as reported ........................... (922) 317
Amortization of debt discount .................................. — (91)
Amortization of debt issuance costs, net of reversal of previously recorded
amortization of debt issuance costs ............................ — 2
Tax adjustments ............................................ — 36
Balances, March 28, 2008, as adjusted............................ 9,487 1,574
Fiscal 2009 equity activity, as reported ........................... (198) (6,853)
Amortization of debt discount .................................. — (97)
Amortization of debt issuance costs, net of reversal of previously recorded
amortization of debt issuance costs ............................ — 1
Tax adjustments ............................................ — 39
Balances, April 3, 2009, as adjusted ............................. $ 9,289 $(5,336)
Upon adoption of this guidance and effective as of the issuance date of the Senior Notes, we recorded, as
adjustments to additional paid-in capital, deferred taxes for the differences between the carrying value and tax basis
that resulted from allocating $586 million of the principal amount of the Senior Notes and $9 million of the
associated issuance costs to equity. In subsequent periods, we recorded adjustments to deferred taxes to reflect the
tax effect of the amortization of the debt discount and debt issuance costs.
Other Recently Adopted Authoritative Guidance
In the first quarter of fiscal 2010, we adopted new authoritative guidance on business combinations that
requires an acquiring entity to measure and recognize identifiable assets acquired and liabilities assumed at the
acquisition date fair value with limited exceptions. The changes include the treatment of acquisition related
transaction costs, the valuation of any noncontrolling interest at acquisition date fair value, the recording of acquired
contingent liabilities at acquisition date fair value and the subsequent re-measurement of such liabilities after the
acquisition date, the recognition of capitalized in-process research and development, the accounting for acquisition-
related restructuring cost accruals subsequent to the acquisition date, and the recognition of changes in the
acquirer’s income tax valuation allowance. Our acquisitions during fiscal 2010 have been accounted for using this
new authoritative guidance. See Note 4. The adoption of this guidance did not have a material impact on our
consolidated financial statements, however, it could have a material impact on future periods.
In the first quarter of fiscal 2010, we adopted new authoritative guidance on the recognition and measurement
of other-than-temporary impairments for debt securities that replaced the pre-existing “intent and ability” indicator.
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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)