Acquisitions, Goodwill, and Acquired Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2017

Allocation of Aggregate Purchase Price of Acquisitions

The aggregate purchase price of these acquisitions was allocated as follows (in millions):



Purchase Price
Cash paid, net of cash acquired	$	586
Indemnification holdback	86
	$	672
Allocation
Goodwill	$	425
Intangible assets (1):
Marketing-related	62
Contract-based	32
Technology-based	108
Customer-related	48
	250
Property and equipment	14
Deferred tax assets	15
Other assets acquired	134
Deferred tax liabilities	(18		)
Other liabilities assumed	(148		)
	$	672

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(1)	Acquired intangible assets have estimated useful lives of between one and seven years, with a weighted-average amortization period of four years.

Pro Forma Financial Information

The following financial information, which excludes certain acquired companies for which the pro forma impact is not meaningful, presents our results as if the acquisitions during the six months ended June 30, 2017 had occurred on January 1, 2016 (in millions):



	Six Months Ended June 30,
	2016		2017
Net sales	$	59,762	$	73,855
Net income	$	1,321	$	873

Summary of Goodwill Activity

The following summarizes our goodwill activity in the first six months of 2017 by segment (in millions):



	North America		International		AWS		Consolidated
Goodwill - December 31, 2016	$	2,044	$	694	$	1,046	$	3,784
New acquisitions	80		327		18		425
Other adjustments (1)	4		28		13		45
Goodwill - June 30, 2017	$	2,128	$	1,049	$	1,077	$	4,254

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(1)	Primarily includes changes in foreign exchange rates.