Symantec 2012 Annual Report Download - page 163

SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)
(6) Gross goodwill balances for the Consumer, Security and Compliance, Storage and Server Management, and
Services were $355 million, $4.9 billion, $7.6 billion, and $461 million, respectively as of March 30, 2012.
Accumulated impairments for the Consumer, Security and Compliance, Storage and Server Management,
and Services were $0, $2.4 billion, $4.6 billion, and $461 million, respectively as of March 30, 2012.
Intangible assets, net
As of March 30, 2012 As of April 1, 2011
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Weighted-
Average
Remaining
Useful Life
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Weighted-
Average
Remaining
Useful Life
($ in millions)
Customer relationships ..... $2,219 $(1,499) $ 720 3 years $2,121 $(1,227) $ 894 3 years
Developed technology ...... 1,914 (1,654) 260 4 years 1,810 (1,567) 243 4 years
Finite-lived tradenames ..... 146 (96) 50 3 years 136 (80) 56 4 years
Patents .................. 75 (65) 10 6 years 75 (62) 13 2 years
Indefinite-lived
tradenames(1) ........... 297 — 297 Indefinite 302 — 302 Indefinite
Indefinite-lived IPR&D .... — — — Indefinite 3 — 3 Indefinite
Total ................. $4,651 $(3,314) $1,337 3 years $4,447 $(2,936) $1,511 3 years
(1) During fiscal 2012 and 2011, we recorded impairments of $4 million and $27 million, respectively, which
reduced the gross carrying value of indefinite-lived tradenames. These impairment charges were due to
reductions in expected future cash flows for certain indefinite-lived tradenames related to the Consumer
segment. These impairment charges were recorded within Impairment of intangible assets on the
Consolidated Statements of Income.
Amortization expense was $380 million, $385 million, and $481 million in fiscal 2012, 2011, and 2010,
respectively.
Total future amortization expense for intangible assets that have finite lives, based on our existing intangible
assets and their current estimated useful lives as of March 30, 2012, is estimated as follows (in millions):
2013 ...................................................................... $ 356
2014 ...................................................................... 211
2015 ...................................................................... 157
2016 ...................................................................... 106
2017 ...................................................................... 88
Thereafter .................................................................. 122
Total ...................................................................... $1,040
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