Electronic Arts 2016 Annual Report Download - page 152
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(7) GOODWILL AND ACQUISITION-RELATED INTANGIBLES, NET
The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2016 are as follows (in
millions):
As of
March 31, 2015 Activity
Effects of Foreign
Currency
Translation
As of
March 31, 2016
Goodwill .................................... $2,081 $— $ (3) $2,078
Accumulated impairment ....................... (368) — — (368)
Total ...................................... $1,713 $— $ (3) $1,710
The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2015 are as follows (in
millions):
As of
March 31, 2014 Activity
Effects of Foreign
Currency
Translation
As of
March 31, 2015
Goodwill .................................... $2,091 $— $(10) $2,081
Accumulated impairment ....................... (368) — — (368)
Total ...................................... $1,723 $— $(10) $1,713
Acquisition-related intangibles, consisted of the following (in millions):
As of March 31, 2016 As of March 31, 2015
Gross
Carrying
Amount
Accumulated
Amortization
Acquisition-
Related
Intangibles, Net
Gross
Carrying
Amount
Accumulated
Amortization
Acquisition-
Related
Intangibles, Net
Developed and core technology .......... $412 $(368) $44 $531 $(439) $ 92
Trade names and trademarks ............. 106 (93) 13 130 (111) 19
Registered user base and other intangibles . . 5 (5) — 87 (87) —
Carrier contracts and related ............. 85 (85) — 85 (85) —
Total .............................. $608 $(551) $57 $833 $(722) $111
During fiscal year 2016, we retired $225 million gross carrying amount of fully-amortized intangible assets.
Amortization of intangibles for the fiscal years ended March 31, 2016, 2015 and 2014 are classified in the
Consolidated Statement of Operations as follows (in millions):
Year Ended March 31,
2016 2015 2014
Cost of service and other ............................................. $33 $36 $27
Cost of product ..................................................... 14 16 33
Operating expenses .................................................. 7 14 16
Total ........................................................... $54 $66 $76
Acquisition-related intangible assets are amortized using the straight-line method over the lesser of their
estimated useful lives or the agreement terms, typically from 2 to 14 years. As of March 31, 2016 and 2015, the
weighted-average remaining useful life for acquisition-related intangible assets was approximately 1.6 years and
2.8 years for each period, respectively.
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