Acquisitions

3 Months Ended

Jun. 30, 2011

Acquisitions [Abstract]

ACQUISITIONS

NOTE B — ACQUISITIONS

Acquisitions of businesses are accounted for as purchases and, accordingly, their results of operations have been included in the Company’s Condensed Consolidated Financial Statements since the respective dates of the acquisitions. The purchase price for each of the Company’s acquisitions is allocated to the assets acquired and liabilities assumed from the acquired entity.

The pro forma effects of the Company’s fiscal year 2012 acquisitions to the Company’s revenues and results of operations during fiscal year 2011and 2012 were considered immaterial. The purchase price allocation of the Company’s fiscal 2012 acquisitions is as follows:

	Fiscal Year 2012		Estimated
(dollars in millions)	Acquisitions		Useful Life
Finite-lived intangible assets(1)	$	11	9 years
Goodwill		16	Indefinite
Other assets net of other liabilities assumed		3		—
Purchase Price	$	30

⁽¹⁾ Includes customer relationships and trade names.

Transaction costs for the fiscal year 2012 acquisitions were immaterial. The excess purchase price over the estimated value of the net tangible and identifiable intangible assets was recorded to goodwill. The allocation of a significant portion of the purchase price to goodwill was predominantly due to the intangible assets that are not separable, such as assembled workforce and going concern. The goodwill relating to the fiscal year 2012 acquisitions is expected to be deductible for tax purposes.

The Company had approximately $75 million and $73 million of accrued acquisition-related costs as of June 30, 2011 and March 31, 2011, respectively, all of which related to purchase price amounts withheld subject to indemnification protections.

In June 2011, the Company announced a definitive agreement to acquire privately-held Interactive TKO, Inc., a leading provider of service simulation solutions for developing applications in composite and cloud environments, for $330 million. This acquisition is expected to close in the second quarter of fiscal 2012.