Business Acquisitions (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase price was preliminarily allocated based upon the fair value of the assets acquired and liabilities assumed at the date of acquisition using available information and certain assumptions management believed reasonable. The following table summarizes the preliminary purchase price allocation:

(IN MILLIONS)
Identifiable assets acquired and liabilities assumed:
Cash	$	11
Other current assets		55
Property and equipment		12
Goodwill		311
Amortizable intangible assets		341
Other long-term assets		11
Deferred revenue		(22	)
Other current liabilities		(20	)
Deferred tax liabilities		(110	)
Other long-term liabilities		(7	)
Total	$	582

Intangible Assets and Estimated Useful Lives

Intangible assets and their estimated useful lives consist of the following:

(IN MILLIONS)
Description	Amount		Useful Life
Customer-related intangibles	$	109		10 - 15 years
Content database		168		12 – 16 years
Trade names and trademarks		7		5 years
Computer software		57		7-8 years
Total	$	341

Pro Forma Information

The following unaudited pro forma information presents the consolidated results of operations of the Company and Gracenote for the three months ended March 31, 2017, as if the acquisition had occurred on January 1, 2016, with pro forma adjustments to give effect to amortization of intangible assets, an increase in interest expense from acquisition financing, and certain other adjustments:

	Three Months Ended March, 31
(IN MILLIONS)		2017		2016
Revenues	$	1,544	$	1,539
Income from continuing operations	$	72	$	97