Xerox 2007 Annual Report Download - page 102
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per-share data and unless otherwise indicated)
In addition to the amounts described above, in 2007,
2006 and 2005, we paid Fuji Xerox $26, $28 and $28,
respectively, and Fuji Xerox paid us $2, $3 and $9, in 2007,
2006 and 2005, respectively, for unique research and
development. As of December 31, 2007 and 2006,
amounts due to Fuji Xerox were $205 and $169,
respectively.
Note 8 – Goodwill and Intangible Assets, Net
Goodwill:
The following table presents the changes in the carrying amount of goodwill, by operating segment, for the three
years ended December 31, 2007 (in millions):
Production Office DMO Other Total
Balance at January 1, 2005 .......................................... $ 848 $ 881 $– $119 $1,848
Foreign currency translation adjustment ........................... (103) (74) – – (177)
Balance at December 31, 2005 ...................................... $ 745 $ 807 $– $119 $1,671
Foreign currency translation adjustment ........................... 99 69 – 1 169
Acquisition of Amici LLC ......................................... – – – 136 136
Acquisition of XMPie, Inc. ........................................ 48 – – – 48
Balance at December 31, 2006 ...................................... $ 892 $ 876 $– $256 $2,024
Foreign currency translation adjustment ........................... 21 17 – – 38
Acquisition of GIS ............................................... – 1,218 – 105 1,323
Acquisition of Advectis, Inc. ...................................... – – – 26 26
GIS Acquisitions ................................................. – 30 – 3 33
Other .......................................................... – – – 4 4
Balance at December 31, 2007 ...................................... $ 913 $2,141 $– $394 $3,448
Intangible Assets, Net:
Intangible assets primarily relate to the Office operating segment. Intangible assets were comprised of the
following as of December 31, 2007 and 2006 (in millions):
December 31, 2007 December 31, 2006
Weighted
Average
Amortization
Period
Gross
Carrying
Amount Accumulated
Amortization Net
Amount
Gross
Carrying
Amount Accumulated
Amortization Net
Amount
Customer base ...................... 14years $462 $118 $344 $258 $ 89 $169
Distribution network ................. 25years 123 39 84 123 35 88
GIS Trademarks ..................... 20years 174 6 168 – – –
Technology, trademarks and non-
compete ......................... 6years 40 15 25 165 136 29
$799 $178 $621 $546 $260 $286
100