Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Allocation of Purchase Price to Intangible Assets

The following represents the aggregate allocation of the purchase price for all of the aforementioned acquisitions, excluding Virtustream, to intangible assets (table in millions):



Purchased technology (weighted-average useful life of 3.7 years)	$	37
Non-compete agreement (weighted-average useful life of 2.1 years)	2
Total intangible assets	$	39

Allocation of Purchase Price

The following table summarizes the allocation of the consideration to the fair value of the assets acquired and net liabilities assumed, net of cash acquired (table in millions):



Current assets	$	20
Property, plant and equipment, net	14
Intangible assets:
Purchased technology (weighted-average useful life of 8.6 years)	302
Customer relationships and customer lists (weighted-average useful life of 12.3 years)	50
Trademarks and tradenames (weighted-average useful life of 7.6 years)	27
Total intangible assets, net, excluding goodwill	379
Goodwill	873
Other assets, net	12
Total assets acquired	1,298
Current liabilities	(28		)
Deferred income taxes	(41		)
Other liabilities	(9		)
Total liabilities assumed	(78		)
Fair value of assets acquired and net liabilities assumed	$	1,220

All 2013 Acquisitions

Business Acquisition [Line Items]

Fair Value of Stock Options for Acquisitions, Weighted-Average Assumptions

The fair value of our stock options for all of the aforementioned acquisitions in 2013 was estimated using the following weighted-average assumptions:



Expected term (in years)	1.8
Expected volatility	26.4	%
Risk-free interest rate	0.3	%
Dividend yield	1.5	%

Allocation of Purchase Price to Intangible Assets

The following represents the aggregate allocation of the purchase price for all of the aforementioned acquisitions to intangible assets (table in millions):



Developed technology (weighted-average useful life of 5 years)	$	138
Customer relationships (weighted-average useful life of 4 years)	34
In-process research and development	10
Total intangible assets	$	182

All 2014 Acquisitions, excluding Airwatch

Business Acquisition [Line Items]

Fair Value of Stock Options for Acquisitions, Weighted-Average Assumptions

The fair value of our stock options for all of the aforementioned acquisitions, excluding AirWatch, in 2014 was estimated using the following weighted-average assumptions:



Expected term (in years)	2.6
Expected volatility	27.3	%
Risk-free interest rate	0.7	%
Dividend yield	1.7	%

Allocation of Purchase Price to Intangible Assets

The following represents the aggregate allocation of the purchase price for all of the aforementioned acquisitions, excluding AirWatch, to intangible assets (table in millions):



Purchased technology (weighted-average useful life of 6 years)	$	460
Customer relationships (weighted-average useful life of 5 years)	10
Trademarks and tradenames (weighted-average useful life of 4 years)	14
Total intangible assets	$	484

VMware | AirWatch

Business Acquisition [Line Items]

Allocation of Purchase Price

The following table summarizes the allocation of the consideration to the fair value of the assets acquired and net liabilities assumed, net of cash acquired (table in millions):



Other current assets	$	61
Intangible assets:
Purchased technology (weighted-average useful life of 6 years)	118
Customer relationships and customer lists (weighted-average useful life of 8 years)	78
Trademarks and tradenames (weighted-average useful life of 8 years)	40
Other (weighted-average useful life of 3 years)	14
Total intangible assets, net, excluding goodwill	250
Goodwill	868
Other assets	30
Total assets acquired	1,209
Unearned revenue	(45		)
Other assumed liabilities, net of acquired assets	(72		)
Total net liabilities assumed	(117		)
Fair value of assets acquired and net liabilities assumed	$	1,092