Acquisitions (Tables)

9 Months Ended

Dec. 31, 2019

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary estimated purchase price is allocated as follows:



(in millions)	Estimated Fair Value
Cash and cash equivalents	$	113
Accounts receivable	233
Other current assets	15
Total current assets	361
Property and equipment	31
Intangible assets	571
Other assets	96
Total assets acquired	1,059
Accounts payable, accrued payroll, accrued expenses, and other current liabilities	(119		)
Deferred revenue	(8		)
Long-term deferred tax liabilities and income tax payable	(86		)
Other liabilities	(68		)
Total liabilities assumed	(281		)
Net identifiable assets acquired	778
Goodwill	1,245
Total estimated consideration transferred	$	2,023

The acquired property and equipment are summarized in the following table:



(in millions)	Amount
Land, buildings, and leasehold improvements	$	8
Computers and related equipment	12
Furniture and other equipment	11
Total	$	31

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The acquired identifiable intangible assets are summarized in the following table:



(in millions)	Amount		Estimated Useful Lives (Years)
Customer related intangibles	$	411	10
Trade names	$	143	20
Developed technology	$	6	3
Third-party purchased software	$	11	3
Total	$	571

Schedule of Revenues and Net Income Since Acquisition Date

The Company's condensed consolidated statements of operations includes the following revenues and net income

attributable to Luxoft since the acquisition date:



(in millions)	Three Months Ended December 31, 2019		Nine Months Ended December 31, 2019⁽¹⁾
Revenues	$	225	$	483
Net income (loss)	$	7	$	(1	)

⁽¹⁾ Results for the nine months ended December 31, 2019, reflect operations subsequent to the acquisition date of June 14, 2019, not the full nine-month period.