Acquisitions (Tables)

9 Months Ended

Dec. 31, 2011

Acquisitions [Abstract]

Allocation of purchase price and estimated useful lives

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

(dollars in millions)	ITKO Acquisition( 2)			Other Acquisitions			Estimated Useful Life
Finite-lived intangible assets (1)	$	16		$	11			3-15 years
Purchased software		190			8			7 years
Goodwill		160			20			Indefinite
Deferred tax assets/(liabilities)		(70	)		(3	)		—
Other assets net of other liabilities assumed (3)		20			3			—
Purchase Price	$	316		$	39

^{(1) Includes customer relationships and trade names.}

^{(2) Purchase price allocation is preliminary due to ongoing analysis to determine the fair value of acquired intangibles and the tax basis of acquired assets and liabilities.}

^{(3) Includes approximately $20 million of cash acquired relating to ITKO.}

During the third quarter of fiscal year 2011, the Company acquired 100% of the voting equity interests of Arcot Systems, Inc. (Arcot), a privately held provider of authentication and fraud prevention solutions through on-premises software or cloud services. The purchase price allocation was finalized in the second quarter of fiscal 2012 and no material adjustments were made to amounts previously reported. The following represents the allocation of the purchase price and estimated useful lives to the acquired net assets of Arcot:

(dollars in millions)	Arcot			Estimated Useful Life
Finite-lived intangible assets (1)	$	39			2-5 years
Purchased software		86			10 years
Goodwill		62			Indefinite
Deferred tax assets/(liabilities)		(3	)		—
Other assets net of other liabilities assumed		13			—
Purchase Price	$	197

^{(1) Includes customer relationships and trade names.}