Symantec 2010 Annual Report Download - page 159

Download and view the complete annual report

Please find page 159 of the 2010 Symantec annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 184

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184

cash flows are somewhat higher than those used in the prior year analysis. Similarly, the discount rates utilized were
decreased to reflect the decreased risk of volatility in the current economic environment. For the fiscal 2009
analysis, as a result of the downturn in the economic environment during the second half of calendar 2008,
determining the fair value of the individual reporting units was even more judgmental than in the past. In particular,
the global economic recession reduced our visibility into long-term trends, and consequently, estimates of future
cash flows used in the analysis were lower than those used in the prior year analysis. The discount rates utilized in
the fiscal 2009 analysis also reflected market-based estimates of the risks associated with the projected cash flows
of individual reporting units and were increased from the previous year’s analysis to reflect increased risk due to
volatility in the economic environment during the period.
Our reporting units are identified in accordance with the applicable authoritative guidance and are either
equivalent to, or represent one level below, an operating segment, which constitute a business for which discrete
financial information is available and for which segment management regularly reviews the operating results. Our
operating segments are significant strategic business units that offer different products and services, distinguished
by customer needs. Our reporting units are consistent with our operating segments.
Intangible assets, net
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Weighted-Average
Remaining
Useful Life
April 2, 2010
($ in millions)
Customer relationships........... $1,839 $ (973) $ 866 4 years
Developed technology ........... 1,635 (1,458) 177 1 year
Definite-lived tradenames......... 128 (66) 62 5years
Patents ...................... 75 (54) 21 3years
Indefinite-lived tradenames ....... 53 — 53 Indefinite
Total...................... $3,730 $(2,551) $1,179 3 years
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Weighted-Average
Remaining
Useful Life
April 3, 2009
($ in millions)
Customer relationships........... $1,830 $ (745) $1,085 5 years
Developed technology ........... 1,785 (1,390) 395 1 year
Definite-lived tradenames......... 130 (54) 76 6years
Patents ...................... 76 (46) 30 4years
Indefinite-lived tradenames ....... 53 — 53 Indefinite
Total...................... $3,874 $(2,235) $1,639 3 years
In fiscal 2010, 2009, and 2008, total amortization expense for intangible assets was $481 million, $585 million,
and $574 million, respectively.
83
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)