Goodwill And Intangible Assets

3 Months Ended

Jun. 28, 2013

Goodwill And Intangible Assets [Abstract]

Note 3. Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill were as follows:


	User Productivity & Protection	Information Security	Information Management	Total
	(In millions)
Net balance as of March 29, 2013	$ 1,649	$ 1,486	$ 2,706	$ 5,841
Adjustments ⁽¹⁾	(1)	1	-	-
Net balance as of June 28, 2013	$ 1,648	$ 1,487	$ 2,706	$ 5,841

________________

⁽¹⁾	Adjustments made to goodwill reflect foreign currency exchange rate fluctuations.

Effective in the first quarter of fiscal 2014, we evaluated our segment reporting structure and modified the reporting to match our new operating structure. Our reporting units for goodwill are the same as our reportable operating segments, and the net goodwill balance has been allocated to the reporting units based on their relative fair value. See Note 9 for information regarding the changes related to segment information.

As a result of the change in our segments, we assessed goodwill for impairment immediately prior to the changes to the new reporting units and determined that the estimated fair value of our reporting units exceeded their respective carrying amount including goodwill. Based on the results of our impairment analysis, we do not believe that an impairment existed as of the date of the change in our segments.

Intangible assets, net


	As of June 28, 2013				As of March 29, 2013
	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount	Weighted-Average Remaining Useful Life	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount	Weighted-Average Remaining Useful Life
	($ in millions)
Customer relationships	$ 2,203	$ (1,833)	$ 370	4 years	$ 2,205	$ (1,766)	$ 439	2 years
Developed technology	1,917	(1,734)	183	4 years	1,917	(1,720)	197	4 years
Finite-lived tradenames	146	(113)	33	2 years	146	(110)	36	2 years
Patents	26	(19)	7	4 years	26	(18)	8	5 years
Indefinite-lived tradenames	297	-	297	Indefinite	297	-	297	Indefinite
Total	$ 4,589	$ (3,699)	$ 890	4 years	$ 4,591	$ (3,614)	$ 977	2 years

Total future amortization expense for intangible assets that have finite lives as of June 28, 2013, is estimated by fiscal years as follows (in millions):


Remainder of fiscal 2014	$ 124
2015	157
2016	106
2017	86
2018	65
Thereafter	55
Total	$ 593

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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