Business Combinations

9 Months Ended

Jul. 29, 2018

During the first nine months of fiscal 2017, Applied completed two acquisitions to complement Applied's existing product offerings and to provide opportunities for future growth within Applied's Display and Adjacent Markets segment.

Pro forma results of operations for these acquisitions were not presented because they were not material to Applied's consolidated results of operations. The acquired businesses were included in the results for the Display and Adjacent Markets segment.

The following table represents the preliminary aggregated purchase price allocation for acquisitions completed in the nine months ended July 30, 2017:



	Estimated Fair Values
	(In millions)

Fair value of net assets acquired	$	17
Goodwill	44
Purchased technology	31
Purchase price allocated	$	92

Intangible assets are being amortized on a straight-line basis over an estimated weighted-average useful life of 3.5 years. Total transaction costs related to these acquisitions were not material and were expensed as incurred in general and administrative expenses in the Consolidated Condensed Statement of Operations.