Symantec 2015 Annual Report Download - page 150
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Goodwill
The changes in the carrying amount of goodwill are as follows:
Consumer
Security
Enterprise
Security
Information
Management Total
(Dollars in millions)
Net balance as of March 29, 2013 $ 1,233 $ 1,901 $ 2,707 $5,841
Acquisitions - 16 - 16
Translation adjustments - 1 - 1
Net balance as of March 28, 2014 $ 1,233 $ 1,918 $ 2,707 $5,858
Acquisitions - 11 - 11
Translation adjustments (3) (13) (6) (22)
Net balance as of April 3, 2015 $ 1,230 $ 1,916 $ 2,701 $5,847
Effective in the second quarter of fiscal 2015, we evaluated our segment reporting structure and modified
the reporting to match our new operating structure. Our reporting units for goodwill are the same as our
reportable operating segments, and the net goodwill balance has been allocated to the reporting units based on
their relative fair value. See Note 9 of these Consolidated Financial Statements for information regarding the
changes related to segment information.
As a result of the change in our segments, we assessed goodwill for impairment immediately prior to the
changes to the new reporting units and determined that the estimated fair value of our reporting units exceeded
their respective carrying amount including goodwill. Based on the results of our impairment analysis, we do not
believe that impairment existed as of the date of the change in our segments.
Intangible assets, net
April 3, 2015 March 28, 2014
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
(Dollars in millions)
Customer relationships $ 730 $ (536) $ 194 $ 766 $ (469) $ 297
Developed technology 296 (172) 124 287 (142) 145
Finite-lived trade names 125 (117) 8 125 (103) 22
Patents 21 (16) 5 21 (14) 7
Total finite-lived intangible assets 1,172 (841) 331 1,199 (728) 471
Indefinite-lived trade names 297 - 297 297 - 297
Total $ 1,469 $ (841) $ 628 $ 1,496 $ (728) $ 768
72