Acquisitions (Tables) - Xchanging

9 Months Ended

Dec. 30, 2016

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation

The preliminary allocation of the purchase price to the assets acquired and liabilities assumed is presented below:

(in millions)	Estimated Fair Value
Cash and cash equivalents	$	201
Accounts receivable and other current assets	216
Intangible assets - developed technology	97
Intangible assets - customer relationships	457
Intangible assets - trade names	10
Intangible assets - other	20
Deferred tax asset, long-term	65
Property and equipment and other noncurrent assets	11
Accounts payable, accrued payroll, accrued expenses and other current liabilities	(216		)
Deferred revenue and advance contract payments	(52		)
Debt	(254		)
Deferred tax liability, long-term	(100		)
Other long-term liabilities	(117		)
Total identifiable net assets acquired	338
Goodwill	636
Noncontrolling interest	(281		)
Total estimated consideration	$	693

Schedule of Intangible Assets Acquired

The amortizable lives associated with the intangible assets acquired are as follows:

Description	Estimated Useful Lives (Years)
Developed technology	7-8
Customer relationships	15
Trade names	3-5