Symantec 2014 Annual Report Download - page 156

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Note 4. Goodwill and Intangible Assets
Goodwill
The changes in the carrying amount of goodwill are as follows:
User Productivity
& Protection
Information
Security
Information
Management Total
(Dollars in millions)
Net balance as of March 30, 2012 $ 1,641 $ 1,473 $ 2,712 $ 5,826
Additions (1) 10 14 - 24
Adjustments (2) (2) (2) (5) (9)
Net balance as of March 29, 2013 $ 1,649 $ 1,485 $ 2,707 $ 5,841
Additions (1) -16-16
Adjustments (2) -1-1
Net balance as of March 28, 2014 $ 1,649 $ 1,502 $ 2,707 $ 5,858
(1) Additions due to an acquired business.
(2) Adjustments made to goodwill primarily reflect foreign currency exchange rate fluctuations.
Effective in the first quarter of fiscal 2014, we evaluated our segment reporting structure and modified the
reporting to match our new operating structure. Our reporting units for goodwill are the same as our reportable
operating segments, and the net goodwill balance has been allocated to the reporting units based on their relative
fair value. See Note 10 of these Consolidated Financial Statements for information regarding the changes related
to segment information.
As a result of the change in our segments, we assessed goodwill for impairment immediately prior to the
changes to the new reporting units and determined that the estimated fair value of our reporting units exceeded
their respective carrying amount including goodwill. Based on the results of our impairment analysis, we do not
believe that impairment existed as of the date of the change in our segments.
Intangible assets, net
March 28, 2014 March 29, 2013
Gross
Carrying
Amount (2)
Accumulated
Amortization (2)
Net
Carrying
Amount
Weighted-
Average
Remaining
Useful Life
Gross
Carrying
Amount (2)
Accumulated
Amortization
(2)
Net
Carrying
Amount
Weighted-
Average
Remaining
Useful Life
(Dollars in millions)
Customer
relationships $ 766 $ (469) $ 297 3 years $ 2,157 $ (1,718) $ 439 2 years
Developed
technology 287 (142) 145 4 years 377 (180) 197 4 years
Finite-lived
tradenames 125 (103) 22 2 years 125 (89) 36 2 years
Patents 21 (14) 7 4 years 21 (13) 8 5 years
Indefinite-lived
tradenames (1) 297 - 297 Indefinite 297 - 297 Indefinite
Total $ 1,496 $ (728) $ 768 3 years $ 2,977 $ (2,000) $ 977 2 years
(1) See Note 2 for information regarding impairment charges.
77