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TableofContents
SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
LSI'sFlashBusiness
OnSeptember2,2014,theCompanycompletedtheacquisitionofcertainassetsandliabilitiesofLSICorporation's("LSI")AcceleratedSolutionsDivision
andFlashComponentsDivision(collectively,the"FlashBusiness")fromAvagoTechnologiesLimitedfor$450millionincash.Thetransactionisintendedto
strengthenSeagate'sstrategytodeliverafullsuiteofstoragesolutions,providingSeagatewithestablishedenterprisePCIeflashandSSDcontrollercapabilitiesto
deliversolutionsforthegrowingflashstoragemarket.
Thefollowingtablesummarizestheestimatedfairvaluesoftheassetsacquiredandliabilitiesassumedattheacquisitiondate:
Thefollowingtableshowsthefairvalueoftheseparatelyidentifiableintangibleassetsatthetimeofacquisitionandtheweighted-averageperiodoverwhich
intangibleassetswithineachcategorywillbeamortized:
ThegoodwillrecognizedisprimarilyattributabletothebenefitstheCompanyexpectstoderivefromenhancedmarketopportunities,andisnotdeductiblefor
incometaxpurposes.
TheCompanyincurredapproximately$1millionofexpensesrelatedtotheacquisitionofLSI'sFlashBusinessinfiscalyear2015,whichareincludedwithin
MarketingandadministrativeexpenseontheConsolidatedStatementofOperations.
TheamountsofrevenueandearningsofLSI'sFlashBusinessincludedintheCompany'sConsolidatedStatementofOperationsfromtheacquisitiondate
throughtheendoffiscalyearendedJuly3,2015werenotsignificant.
79
(Dollarsinmillions) Amount
Inventories  $ 37
Property,plantandequipment   22
Intangibleassets   141
Otherassets   6
Goodwill   337
Totalassets   543
Liabilities   (93)
Totalliabilities   (93)
Total  $ 450
(Dollarsinmillions) FairValue
Weighted-Average
Amortization
Period
Existingtechnology  $ 84  3.5years
Customerrelationships   40  3.8years
Tradenames   17  4.5years
Totalacquiredidentifiableintangibleassets  $ 141  