Symantec 2013 Annual Report Download - page 180
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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)
(3) See Note 3 for business combinations completed.
(4) Gross goodwill balances for the Consumer, Security and Compliance, Storage and Server Management, and
Services segments 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 segments 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
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