Acquisitions (Tables)

9 Months Ended

Sep. 30, 2022

The purchase price was as follows:


(in millions)	Amount
Cash and stock consideration per agreement	$	220
Closing adjustments	3
Total consideration payable	223
Less: Unvested Zenefits restricted stock	(14)
Total purchase price	$	209

The following table summarizes the fair value of the net assets acquired and preliminary allocation of the purchase price:


(in millions)	Amount
Total purchase price	$	209

Asset Acquired:
Cash	$	4
Restricted cash	5
Accounts receivable, net	4
Intangible assets	96
Operating lease right-of-use asset	9
Deferred tax asset	2
Other assets	5
Total assets acquired	125

Liabilities Assumed
Accounts payable and other current liabilities	$	9
Deferred revenue	13
Operating lease liabilities	15
Deferred taxes	18
Total liabilities assumed	55
Net assets acquired	$	70

Goodwill at acquisition	$	139
Measurement period adjustments	(3)
Goodwill at September 30, 2022	$	136

The following table summarizes the fair value of the net assets acquired and preliminary allocation of the purchase price:


(in millions)	Amount
Total purchase price	$	48

Asset Acquired:
Cash	$	3
Accounts receivable, net	3
Intangible assets	14
Total assets acquired	20

Liabilities Assumed
Accounts payable and other current liabilities	$	1
Deferred taxes	3
Total liabilities assumed	4
Net assets acquired	$	16

Goodwill at acquisition	$	32

Goodwill at September 30, 2022	$	32

The intangible assets acquired were as follows:

The intangible assets acquired were as follows: