Acquisitions (Tables)

6 Months Ended

Sep. 30, 2019

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The acquired property and equipment are summarized in the following table:



(in millions)	Amount
Land, buildings, and leasehold improvements	$	8
Computers and related equipment	12
Furniture and other equipment	11
Total	$	31

The preliminary estimated purchase price is allocated as follows:



(in millions)	Estimated Fair Value
Cash and cash equivalents	$	113
Accounts receivable	233
Other current assets	15
Total current assets	361
Property and equipment	31
Intangible assets	631
Other assets	91
Total assets acquired	1,114
Accounts payable, accrued payroll, accrued expenses, and other current liabilities	(119		)
Deferred revenue	(8		)
Long-term deferred tax liabilities and income tax payable	(86		)
Other liabilities	(63		)
Total liabilities assumed	(276		)
Net identifiable assets acquired	838
Goodwill	1,185
Total estimated consideration transferred	$	2,023

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The acquired identifiable intangible assets are summarized in the following table:



(in millions)	Amount		Estimated Useful Lives (Years)
Customer related intangibles	$	379	10
Trade names	166		10
Developed technology	75		7
Third-party purchased software	11		2 to 10 years
Total	$	631

Schedule of Revenues and Net Income Since Acquisition Date

The Company's condensed consolidated statements of operations includes the following revenues and net income

attributable to Luxoft since the acquisition date:



(in millions)	Three Months Ended September 30, 2019		Six Months Ended September 30, 2019⁽¹⁾
Revenues	$	214	$	259
Net loss	$	11	$	7

⁽¹⁾ Results for the six months ended September 30, 2019, reflect operations subsequent to the acquisition date of June 14, 2019, not the full six-month period.