Acquisitions (Tables)

12 Months Ended

Dec. 02, 2022

Frame.io

Business Acquisition

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The table below represents the final purchase price allocation to total identifiable intangible assets acquired and net liabilities assumed based on their respective estimated fair values as of October 7, 2021.

(dollars in millions)	Amount		Weighted Average Useful Life (years)
Purchased technology	$	331	4
In-process research and development (1)	19		N/A
Trademarks	4		3
Customer contracts and relationships	3		10
Total identifiable intangible assets	357
Net liabilities assumed	(36)		N/A
Goodwill (2)	915		N/A
Total purchase price	$	1,236

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(1)    Capitalized as purchased technology and considered indefinite lived until the completion or abandonment of the associated research and development efforts.

(2)    Non-deductible for tax purposes.

Workfront

Business Acquisition

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The table below represents the final purchase price allocation to total identifiable intangible assets acquired and net liabilities assumed based on their respective estimated fair values as of December 7, 2020.

(dollars in millions)	Amount		Weighted Average Useful Life (years)
Customer contracts and relationships	$	290	10
Purchased technology	100		3
Backlog	40		2
Trademarks	30		5
Total identifiable intangible assets	460
Net liabilities assumed	(31)		N/A
Goodwill (1)	1,095		N/A
Total purchase price	$	1,524

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(1)    Non-deductible for tax purposes.