Symantec 2011 Annual Report Download - page 153

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During the fourth quarter of fiscal 2011, in accordance with our accounting policy described in Note 1, we
performed our annual impairment analysis and determined that goodwill was not impaired.
Intangible assets, net
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Weighted-Average
Remaining
Useful Life
April 1, 2011
($ in millions)
Customer relationships........... $2,121 $(1,227) $ 894 3 years
Developed technology
(1)
......... 1,810 (1,567) 243 4 years
Definite-lived tradenames......... 136 (80) 56 4 years
Patents ...................... 75 (62) 13 2 years
Indefinite-lived tradenames
(2)
...... 302 — 302 Indefinite
Indefinite-lived IPR&D .......... 3 — 3 Indefinite
Total ...................... $4,447 $(2,936) $1,511 3 years
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Weighted-Average
Remaining
Useful Life
April 2, 2010
($ in millions)
Customer relationships........... $1,839 $ (973) $ 866 4 years
Developed technology
(1)
......... 1,635 (1,458) 177 1 year
Definite-lived tradenames......... 128 (66) 62 5 years
Patents ...................... 75 (54) 21 3 years
Indefinite-lived tradenames ....... 53 — 53 Indefinite
Total ...................... $3,730 $(2,551) $1,179 3 years
(1)
Developed technology is also known as acquired product rights.
(2)
During fiscal 2011, we recorded an impairment of $27 million which reduced the gross carrying value of
indefinite-lived tradenames. This impairment charge was due to reductions in expected future cash flows for
certain indefinite-lived tradenames related to the Consumer segment. This impairment charge was recorded
within Impairment of intangible assets and goodwill on the Consolidated Statements of Operations.
Amortization expense was $385 million, $481 million, and $585 million in fiscal 2011, 2010, and 2009,
respectively.
83
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)