XML 33 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions (Tables)
 9 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Acquisition purchase price allocation
The purchase price allocation for Automic and Veracode is provided within the table below.
(dollars in millions)
Automic
 
Veracode
 
Estimated
Useful Life
Finite-lived intangible assets (1)
$
174

 
$
99

 
2-12 years
Purchased software
273

 
240

 
1-8 years
Goodwill
303

 
339

 
Indefinite
Deferred tax liabilities, net
(92
)
 
(36
)
 
—
Other assets (liabilities), net (2)
17

 
(24
)
 
—
Purchase price
$
675

 
$
618

 
 
(1)
Includes customer relationships and trade names.
(2)
Includes approximately $34 million and $16 million of cash acquired from Automic and Veracode, respectively.
Unaudited pro forma combined financial information
The pro forma results below were based on estimates and assumptions, which the Company believes are reasonable. The pro forma financial information for all periods presented also includes the business combination accounting effects resulting from these acquisitions, including the amortization charges from acquired intangible assets and other purchase accounting adjustments, employee retention costs and the related tax effects as though the Company, Automic and Veracode were combined as of the beginning of fiscal year 2017.
 
Three Months Ended December 31, 2016
 
Nine Months Ended December 31, 2016
(in millions, except per share amounts)
unaudited
Total revenue
$
1,061

 
$
3,178

Net income
$
181

 
$
527

Basic income per common share
$
0.43

 
$
1.26

Diluted income per common share
$
0.43

 
$
1.25