Symantec 2012 Annual Report Download - page 162

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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)
The following table presents the purchase price allocation included in our Consolidated Balance Sheets
(in millions):
Acquisition date ........................................................... Various
Intangible assets(1) .......................................................... $ 18
Goodwill ................................................................. 24
Total purchase price ........................................................ $ 42
(1) Intangible assets included customer relationships of $13 million and developed technology of $5 million,
which are amortized over their estimated useful lives of four to 11 years. The weighted-average estimated
useful lives were 10.0 years for customer relationships and 4.0 years for developed technology.
Note 4. Goodwill and Intangible Assets
Goodwill
The changes in the carrying amount of goodwill are as follows:
Consumer
Security and
Compliance
Storage and
Server
Management Services Total
(In millions)
Net balance as of April 2, 2010(1) ..... $356 $1,582 $2,648 $ 19 $4,605
Goodwill acquired through
acquisitions(2) ................. — 880 — — 880
Goodwill adjustments(3) ........... 7 2 — — 9
Net balance as of April 1, 2011(4) ..... $363 $2,464 $2,648 $ 19 $5,494
Goodwill impairment(5) ........... — — — (19) (19)
Goodwill acquired through
acquisitions(2) ................. — 26 337 — 363
Goodwill adjustments(3) ........... (8) (4) — — (12)
Net balance as of March 30, 2012(6) . . . $355 $2,486 $2,985 $ — $5,826
(1) Gross goodwill balances for the Consumer, Security and Compliance, Storage and Server Management, and
Services were $356 million, $4.0 billion, $7.2 billion, and $461 million, respectively as of April 2, 2010.
Accumulated impairments for the Consumer, Security and Compliance, Storage and Server Management,
and Services were $0, $2.4 billion, $4.6 billion, and $442 million, respectively as of April 2, 2010. These
balances are reflective of amounts after adjustment for segment reclassifications during the period.
(2) See Note 3 for acquisitions completed in fiscal 2012 and 2011.
(3) Adjustments made to goodwill primarily reflect foreign currency exchange rate fluctuations.
(4) Gross goodwill balances for the Consumer, Security and Compliance, Storage and Server Management, and
Services were $363 million, $4.9 billion, $7.2 billion, and $461 million, respectively as of April 1, 2011.
Accumulated impairments for the Consumer, Security and Compliance, Storage and Server Management,
and Services were $0, $2.4 billion, $4.6 billion, and $442 million, respectively as of April 1, 2011.
(5)
Due to the adoption of new authoritative guidance at the beginning of fiscal 2012, we were required to perform
a goodwill Step 2 impairment test for our Services reporting unit. As a result, we recognized an impairment
loss of $19 million which was recorded to beginning Accumulated deficit as a cumulative-effect adjustment.
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