Acquisitions (Tables)

3 Months Ended

Mar. 04, 2022

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The table below represents the preliminary purchase price allocation to total identifiable intangible assets acquired and net liabilities assumed based on their respective estimated fair values as of October 7, 2021. During the three months ended March 4, 2022, we recorded purchase accounting adjustments that were not material based on changes to management’s estimates and assumptions in regards to the total purchase price and its related impact to goodwill. The fair values assigned to assets acquired and liabilities assumed are based on management’s best estimates and assumptions as of the reporting date. Fair values associated with the net tax liabilities assumed and their related impact to goodwill were pending finalization as of the reporting date.


(dollars in millions)	Amount		Weighted Average Useful Life (years)
Purchased technology	$	331	4
In-process research and development (1)	19		N/A
Trademarks	4		3
Customer contracts and relationships	3		10
Total identifiable intangible assets	357
Net liabilities assumed	(39)		N/A
Goodwill (2)	918		N/A
Total purchase price	$	1,236

_________________________________________

(1) Capitalized as purchased technology and considered indefinite lived until completion or abandonment of the associated research and development efforts.

(2) Non-deductible for tax-purposes.

Workfront

Business Acquisition

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The table below represents the final purchase price allocation to total identifiable intangible assets acquired and net liabilities assumed based on their estimated fair values as of December 7, 2020 and the associated estimated useful lives at that date.


(dollars in millions)	Amount		Weighted Average Useful Life (years)
Customer contracts and relationships	$	290	10
Purchased technology	100		3
Backlog	40		2
Trademarks	30		5
Total identifiable intangible assets	460
Net liabilities assumed	(31)		N/A
Goodwill (1)	1,095		N/A
Total purchase price	$	1,524

_________________________________________

(1) Non-deductible for tax-purposes.