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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)
years. The weighted-average estimated useful lives were 8.0 years for customer relationships, 5.0 years for
developed technology, and 2.0 years for definite-lived tradenames. Intangible assets also included
indefinite-lived in-process research and development (“IPR&D”) of $3 million.
(3) Goodwill is not tax deductible. The goodwill amount resulted primarily from our expectation of synergies
from the integration of PGP product offerings with our existing product offerings.
Other Fiscal 2011 acquisitions
During fiscal 2011, in addition to VeriSign and PGP, we completed the acquisitions of GuardianEdge
Technologies, Inc. (“GuardianEdge”) and two other businesses for an aggregate purchase price of $91 million,
which consisted of $81 million in cash, net of $9 million cash acquired, and $1 million in assumed equity awards
at fair value. The results of operations for the acquired companies have been included in the Security and
Compliance segment since their respective acquisition dates. Supplemental pro forma information for these
acquisitions was not material to our financial results and therefore not included. For fiscal 2011, we recorded
acquisition-related transaction costs of $2 million, which were included in general and administrative expense.
The following table presents the purchase price allocation included in our Consolidated Balance Sheets (in
millions):
GuardianEdge Others Total
Acquisition date ...................................... June 3, 2010 Various
Net tangible assets(1) ................................... $ 3 $ — $ 3
Intangible assets(2) ..................................... 30 6 36
Goodwill(3) .......................................... 40 12 52
Total purchase price ................................... $ 73 $ 18 $91
(1) Net tangible assets included deferred revenue, which was adjusted down from $17 million to $2 million,
representing our estimate of the fair value of the contractual obligation assumed for support services.
(2) Intangible assets included customer relationships of $24 million and developed technology of $12 million,
which are amortized over their estimated useful lives of three to nine years. The weighted-average estimated
useful lives were 9.0 years for customer relationships and 5.0 years for developed technology.
(3) Goodwill is partially tax deductible. The goodwill amount resulted primarily from our expectation of
synergies from the integration of the acquisitions’ product offerings with our existing product offerings.
Fiscal 2010 acquisitions
During fiscal 2010, we completed two acquisitions of nonpublic companies for an aggregate of $42 million
in cash. No equity interests were issued. We recorded goodwill in connection with each of these acquisitions,
which resulted primarily from our expectation of synergies from the integration of the acquired companies’
technology with our technology. The goodwill for these acquisitions is only partially tax deductible, if at all. The
results of operations for the acquired companies have been included in our results of operations since their
respective acquisition dates. These acquisitions are included in our Security and Compliance segment.
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