Symantec 2010 Annual Report Download - page 157
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The following table presents the purchase price allocations related to these other fiscal 2008 acquisitions
included in our Consolidated Balance Sheets:
Vontu Other Total
(In millions)
Acquisition date ....................... November 30, 2007 January 11, 2007
Net tangible liabilities ................... $ (6) $ — $ (6)
Intangible assets
(1)
...................... 69 3 72
Goodwill ............................ 259 9 268
Total purchase price .................... $ 322 $ 12 $334
(1)
Intangible assets included customer relationships of $33 million and developed technology of $39 million,
which are amortized over their estimated useful lives of one to eight years. The weighted-average estimated
useful lives were 8.0 years and 4.1 years, respectively.
Note 5. Goodwill and Intangible Assets
Goodwill
We allocate goodwill to our reporting units, which are the same as our operating segments. Goodwill is
allocated by operating segment as follows:
Consumer
Security and
Compliance
Storage and
Server
Management Services Total
(In millions)
Net balance as of March 28, 2008
(1)
. . . . . . . . $103 $ 4,081 $ 6,666 $ 358 $11,208
Operating segment reclassification
(2)
. . . . . . — (84) — 84 —
Goodwill acquired through business
combinations
(3)
................... 253 54 — 471 778
Goodwill adjustments
(4)
. . . . . . . . . . . . . . . — 4 (10) — (6)
Goodwill impairment . . . . . . . . . . . . . . . . . — (2,700) (4,199) (520) (7,419)
Net balance as of April 3, 2009
(5)
. . . . . . . . . . $356 $ 1,355 $ 2,457 $ 393 $ 4,561
Operating segment reclassification
(6)
. . . . . . — 193 191 (384) —
Goodwill acquired through business
combinations
(3)
................... — 24 — — 24
Goodwill adjustments
(4)
............... — 10 — 10 20
Net balance as of April 2, 2010
(7)
. . . . . . . . . . $356 $ 1,582 $ 2,648 $ 19 $ 4,605
(1)
Gross goodwill balances for the Consumer, Security and Compliance, Storage and Server Management, and
Services are $103 million, $4.1 billion, $6.7 billion, and $358 million, respectively as of March 28, 2008. There
was no accumulated impairment loss as of March 28, 2008.
(2)
In the first quarter of fiscal 2009, we moved Altiris services from the Security and Compliance segment to the
Services segment. As a result of this reclassification the above adjustments were made as required by the
authoritative guidance.
(3)
See Note 4 for acquisitions.
(4)
Reflects adjustments made to goodwill of prior acquisitions as a result of tax adjustments that were accounted
for under the prior authoritative guidance on business combinations.
81
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)