Goodwill And Intangible Assets

9 Months Ended

Jan. 02, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill were as follows:



	Consumer Security			Enterprise Security			Information Management			Total

	(Dollars in millions)
Net balance as of March 28, 2014	$	1,233		$	1,918		$	2,707		$	5,858
Additions ⁽¹⁾	—			11			—			11
Adjustments ⁽²⁾	(3		)	(8		)	(4		)	(15		)
Net balance as of January 2, 2015	$	1,230		$	1,921		$	2,703		$	5,854

(1) Additions due to an acquired business.

(2) Adjustments made to goodwill reflect foreign currency exchange rate fluctuations.

Effective in the second quarter of fiscal 2015, we evaluated our segment reporting structure and modified the reporting to match our new operating structure. Our reporting units for goodwill are the same as our reportable operating segments, and the net goodwill balance has been allocated to the reporting units based on their relative fair value. See Note 8 for information regarding the changes related to segment information.

As a result of the change in our segments, we assessed goodwill for impairment immediately prior to the changes to the new reporting units and determined that the estimated fair value of our reporting units exceeded their respective carrying amount including goodwill. Based on the results of our impairment analysis, we do not believe that impairment existed as of the date of the change in our segments.

Intangible assets, net



	January 2, 2015							March 28, 2014
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount

	(Dollars in millions)
Customer relationships	$	734	$	(516	)	$	218	$	766	$	(469	)	$	297
Developed technology	296		(159		)	137		287		(142		)	145
Finite-lived tradenames	125		(113		)	12		125		(103		)	22
Patents	21		(16		)	5		21		(14		)	7
Total finite-lived intangible assets	1,176		(804		)	372		1,199		(728		)	471
Indefinite-lived tradenames	297		—			297		297		—			297
Total	$	1,473	$	(804	)	$	669	$	1,496	$	(728	)	$	768

During the third quarter of fiscal 2015, we acquired rights to certain technology for $20 million. This cost was assigned to developed technology and will be amortized to cost of goods sold on a straight-line basis over the estimated useful life of three years.

Total future amortization expense for intangible assets that have finite lives is as follows:



	January 2, 2015
	(Dollars in millions)
Remainder of fiscal 2015	$	40
2016	112
2017	93
2018	71
2019	37
Thereafter	19
Total	$	372

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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