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 1, 2011 (1) |
$ 363 |
|
$ 2,464 |
|
$ 2,648 |
|
$ 19 |
|
$ 5,494 |
|
Impairment (2) |
”-“ |
|
”-“ |
|
”-“ |
|
(19) |
|
(19) |
|
Additions (3) |
”-“ |
|
26 |
|
337 |
|
”-“ |
|
363 |
|
Adjustments |
(8) |
|
(4) |
|
”-“ |
|
”-“ |
|
(12) |
|
Net balance as of March 30, 2012 (4) |
$ 355 |
|
$ 2,486 |
|
$ 2,985 |
|
$ - |
|
$ 5,826 |
|
Addition (3) |
”-“ |
|
24 |
|
”-“ |
|
”-“ |
|
24 |
|
Adjustments |
”-“ |
|
(3) |
|
(6) |
|
”-“ |
|
(9) |
|
Net balance as of March 29, 2013 (4) |
$ 355 |
|
$ 2,507 |
|
$ 2,979 |
|
$ - |
|
$ 5,841 |
____________
(1) Gross goodwill balances for the Consumer, Security and Compliance, Storage and Server Management, and Services segment were $0.4 billion, $4.9 billion, $7.2 billion, and $0.4 billion, 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 $0.4 billion, respectively as of April 1, 2011.
(2) Due to the adoption of new authoritative guidance at the beginning of fiscal 2012, we were required to perform a goodwill 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.
(3) See Note 3 for business combinations completed.
(4) Gross goodwill balances for the Consumer, Security and Compliance, Storage and Server Management, and Services segment were $0.4 billion, $4.9 billion, $7.6 billion, and $0.4 billion, respectively as of March 30, 2012 and March 29, 2013. Accumulated impairments for the Consumer, Security and Compliance, Storage and Server Management, and Services were $0, $2.4 billion, $4.6 billion, and $0.4 billion, respectively as of March 30, 2012 and March 29, 2013.
Intangible assets, net
|
|
As of March 29, 2013 |
|
As of March 30, 2012 |
||||||||||||
|
|
Gross Carrying Amount |
|
Accumulated Amortization |
|
Net Carrying Amount |
|
Weighted-Average Remaining Useful Life |
|
Gross Carrying Amount |
|
Accumulated Amortization |
|
Net Carrying Amount |
|
Weighted-Average Remaining Useful Life |
|
|
($ in millions) |
||||||||||||||
|
Customer relationships |
$ 2,205 |
|
$ (1,766) |
|
$ 439 |
|
2 years |
|
$ 2,219 |
|
$ (1,499) |
|
$ 720 |
|
3 years |
|
Developed technology |
1,917 |
|
(1,720) |
|
197 |
|
4 years |
|
1,914 |
|
(1,654) |
|
260 |
|
4 years |
|
Finite-lived trade names |
146 |
|
(110) |
|
36 |
|
2 years |
|
146 |
|
(96) |
|
50 |
|
3 years |
|
Patents |
26 |
|
(18) |
|
8 |
|
5 years |
|
75 |
|
(65) |
|
10 |
|
6 years |
|
Indefinite-lived trade names (1) |
297 |
|
— |
|
297 |
|
Indefinite |
|
297 |
|
— |
|
297 |
|
Indefinite |
|
Total |
$ 4,591 |
|
$ (3,614) |
|
$ 977 |
|
2 years |
|
$ 4,651 |
|
$ (3,314) |
|
$ 1,337 |
|
3 years |
____________
|
(1) |
See Note 2 for information regarding impairment charges. |
Amortization expense was $355 million, $380 million, and $385 million in fiscal 2013, 2012, and 2011, 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 29, 2013, is estimated by fiscal years as follows (in millions):
|
2014 |
$ 210 |
|
2015 |
157 |
|
2016 |
106 |
|
2017 |
87 |
|
2018 |
65 |
|
Thereafter |
55 |
|
Total |
$ 680 |