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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 3, 2009
(1)
. . . . . . . . . . $356 $1,355 $2,457 $ 393 $4,561
Operating segment reclassification
(2)
. . . . . . . — 193 191 (384) —
Goodwill acquired through acquisitions
(3)
. . . — 24 — — 24
Goodwill adjustments
(4)
................ — 10 — 10 20
Net balance as of April 2, 2010
(5)
. . . . . . . . . . $356 $1,582 $2,648 $ 19 $4,605
Goodwill acquired through acquisitions
(3)
. . . — 880 — — 880
Goodwill adjustments
(6)
................ 7 2 — — 9
Net balance as of April 1, 2011
(7)
. . . . . . . . . . $363 $2,464 $2,648 $ 19 $5,494
(1)
Gross goodwill balances for the Consumer, Security and Compliance, Storage and Server Management, and
Services were $356 million, $4.1 billion, $6.7 billion, and $913 million, respectively as of April 3, 2009.
Accumulated impairments for the Security and Compliance, Storage and Server Management, and Services
were $2.7 billion, $4.2 billion, and $520 million, respectively as of April 3, 2009. There was no impairment for
the Consumer segment as of April 3, 2009.
(2)
During the first quarter of fiscal 2010, we changed our reporting segments to better align to our operating
structure, resulting in the Enterprise Vault products that were formerly included in the Security and Compliance
segment being moved to the Storage and Server Management segment. Also, SaaS, which was a standalone
reporting unit in fiscal 2009, moved to both the Security and Compliance and the Storage and Server
Management segments from the Services segment in accordance with the nature of the service delivered.
The predominant amount of SaaS goodwill went to the Security and Compliance segment. See Note 11 for
segment information.
(3)
See Note 3 for acquisitions completed in fiscal 2011 and 2010.
(4)
Adjustments were primarily due to tax adjustments for prior acquisitions that were accounted for under the
prior authoritative guidance on business combinations.
(5)
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 Security and Compliance, Storage and Server Management, and Services were
$2.4 billion, $4.6 billion, and $442 million, respectively as of April 2, 2010. There was no impairment for the
Consumer segment as of April 2, 2010. These balances are reflective of amounts after adjustment for segment
reclassifications during the period.
(6)
Adjustments were primarily due to foreign currency exchange rate fluctuations.
(7)
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 Security and Compliance, Storage and Server Management, and Services were
$2.4 billion, $4.6 billion, and $442 million, respectively as of April 1, 2011. There was no impairment for the
Consumer segment as of April 1, 2011.
82
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)