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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2013
Allocation of Purchase Price Recorded for Open Solutions

The allocation of purchase price recorded for Open Solutions was as follows:

 

(In millions)

     

Cash and cash equivalents

  $ 39   

Trade accounts receivable

    41   

Deferred income tax assets

    29   

Prepaid expenses and other assets

    30   

Intangible assets

    571   

Goodwill

    517   

Accounts payable and other liabilities

    (140

Long-term debt

    (958

Deferred income tax liabilities

    (74
 

 

 

 

Total cash purchase price

  $ 55   
 

 

 

 
Values Allocated to Intangible Asset

The values allocated to intangible assets are as follows:

 

(In millions)

  Gross
Carrying
Amount
    Weighted-
Average
Useful Life

Customer related intangible assets

  $ 460      20 years

Acquired software and technology

    105      7 years

Trade name

    6      10 years
 

 

 

   
  $ 571     
 

 

 

   
Supplemental Pro Forma Information

The following unaudited supplemental pro forma information presents the Company’s results of operations as though the acquisition of Open Solutions had occurred on January 1, 2012. This information is presented for informational purposes and is not necessarily indicative of the Company’s operating results which would have occurred had the acquisition been consummated as of that date. The pro forma information presented below does not include anticipated synergies, the impact of purchase accounting adjustments or certain other expected benefits of the acquisition and should not be used as a predictive measure of our future results of operations.

 

(In millions, except per share data)

  (Pro Forma
Unaudited)
2012
 

Total revenue

  $ 4,764   

Income from continuing operations

  $ 602   

Net income

  $ 621   

Net income per share - basic

  $ 2.29   

Net income per share - diluted

  $ 2.26