Symantec 2015 Annual Report Download - page 144
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The following table summarizes the allowances for doubtful accounts for the periods presented:
April 3,
2015
March 28,
2014
March 29,
2013
(Dollars in millions)
Beginning balance $ 7 $ 5 $ 5
Provision for doubtful accounts 7 6 3
Deductions, net (7) (4) (3)
Ending balance $ 7 $ 7 $ 5
Property and equipment
Property, equipment, and leasehold improvements are stated at cost, net of accumulated depreciation. We
capitalize costs incurred during the application development stage related to the development of internal use
software and enterprise cloud computing services. We expense costs incurred related to the planning and post-
implementation phases of development as incurred. Depreciation is provided on a straight-line basis over the
estimated useful lives. Estimated useful lives for financial reporting purposes are as follows: buildings, 20 to
30 years; leasehold improvements, the lesser of the life of the improvement or the initial lease term; computer
hardware and software, and office furniture and equipment, 3 to 5 years.
The following table summarizes property and equipment, net of accumulated depreciation by categories for
the periods presented:
April 3,
2015
March 28,
2014
(Dollars in millions)
Land $ 79 $ 79
Computer hardware and software 1,188 1,797
Office furniture and equipment 102 140
Buildings 542 539
Leasehold improvements 288 356
Construction in progress 80 28
2,279 2,939
Accumulated depreciation (1,074) (1,823)
Property and equipment, net $ 1,205 $ 1,116
Depreciation expense was $280 million, $281 million, and $283 million in fiscal 2015, 2014, and 2013,
respectively.
Business combinations
We use the acquisition method of accounting under the authoritative guidance on business combinations.
Each acquired company’s operating results are included in our consolidated financial statements starting on the
date of acquisition. The purchase price is equivalent to the fair value of consideration transferred. Tangible and
identifiable intangible assets acquired and liabilities assumed as of the date of acquisition are recorded at their
estimated fair values at acquisition date. Goodwill is recognized for the excess of purchase price over the net fair
value of assets acquired and liabilities assumed.
Goodwill and intangible assets
Goodwill. Goodwill represents the excess of the purchase price of the acquisition over the net fair value of
assets acquired and liabilities assumed. We assign goodwill to our reporting units based on the relative fair value
at acquisition date. We review goodwill for impairment for each reporting unit on an annual basis during the
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