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SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
TheCompanydeposited$72millionintoanescrowaccountinfiscalyear2013withtheintentionofacquiringtheremainingpubliclyheldsharesofLaCie
throughpublicandprivatetransactions.AsofDecember27,2013,theCompanyhadcompletedtheacquisitionofalloutstandingshares.Theuseofthisdepositin
fiscalyear2013istreatedasanon-cashfinancingactivityandexcludedfromtheStatementofCashFlows.
4.GoodwillandOtherIntangibleAssets
Goodwill
Thechangesinthecarryingamountofgoodwillareasfollows:
OtherIntangibleAssets
Otherintangibleassetsconsistprimarilyofexistingtechnology,customerrelationships,in-processresearchanddevelopmentandtradenamesacquiredin
businesscombinations.Withtheexceptionofin-processresearchanddevelopment,acquiredintangiblesareamortizedonastraight-linebasisovertherespective
estimatedusefullivesoftheassets.AmortizationischargedtoOperatingexpensesintheConsolidatedStatementsofOperations.In-processresearchand
developmenthasbeendeterminedtohaveanindefiniteusefullifeandisnotamortized,butinsteadtestedforimpairmentannuallyormorefrequentlyifeventsor
changesincircumstanceindicatethattheassetmightbeimpaired.Ifthecarryingamountofin-processresearchanddevelopmentexceedsitsfairvalue,an
impairmentlossisrecognizedinanamountequaltothatexcess.Therewerenoimpairmentchargesrecognizedforin-processresearchanddevelopment.Allin-
processresearchanddevelopmentwascompletedduringfiscalyear2015,therelatedassetsarenowaccountedforasexistingtechnologyandarebeingamortized
overtheirusefullives.
Infiscalyears2015,2014and2013,amortizationexpenseforotherintangibleassetswas$152million,$131millionand$147million,respectively.
ThecarryingvalueofotherintangibleassetssubjecttoamortizationasofJuly3,2015,issetforthinthefollowingtable:
79
(Dollarsinmillions) Amount
AsofJune28,2013 $ 476
Goodwillacquired 60
Foreigncurrencytranslationeffect 1
AsofJune27,2014 $ 537
Goodwillacquired 339
Foreigncurrencytranslationeffect (2)
AsofJuly3,2015 $ 874
(Dollarsinmillions)
GrossCarrying
Amount
Accumulated
Amortization
NetCarrying
Amount
WeightedAverage
RemainingUsefulLife
Existingtechnology $ 191 $ (69) $ 122 4.1years
Customerrelationships 487 (282) 205 2.4years
Tradename 27 (7) 20 3.2years
Otherintangibleassets 27 (4) 23 4.2years
Totalamortizableotherintangibleassets $ 732 $ (362) $ 370 3.1years