Acquisition (Tables)

6 Months Ended

Sep. 30, 2016

The total consideration for the acquisition of Blue Coat was approximately $4.67 billion, net of cash acquired, and consisted of the following:



	August 1, 2016
	(In millions)
Cash and equity consideration for outstanding Blue Coat common shares and restricted stock awards	$	2,006
Cash consideration for outstanding Blue Coat debt	1,910
Issuance of Symantec 2.0% convertible debt to Bain Capital Funds (selling shareholder)	750
Fair value of vested assumed Blue Coat stock options	102
Cash consideration for acquiree acquisition-related expenses	51
Total consideration	4,819
Cash acquired	(146		)
Net consideration transferred	$	4,673

Schedule of Preliminary Fair Values of the Assets Acquired and Liabilities Assumed

Our preliminary allocation of the purchase price, based on the estimated fair values of the assets acquired and liabilities assumed on the close date, is as follows:



	August 1, 2016
	(In millions)
Assets
Accounts receivable	$	125
Other current assets	65
Property and equipment	54
Intangibles	1,608
Goodwill	4,086
Other long-term assets	9
Total assets acquired	5,947
Liabilities
Deferred revenue	144
Other current liabilities	111
Long-term deferred revenue	76
Long-term deferred tax liabilities	924
Other long-term obligations	19
Total liabilities assumed	1,274
Total purchase price	$	4,673

Components of Intangible Assets Recognized

Preliminary identified intangible assets and their respective useful lives are as follows:



	Fair Value		Weighted-average Estimated Useful Life
	(In millions)
Customer relationships	$	844	7 years
Developed technology and patents	739		4.3 years
Finite-lived trade names	4		2 years
Product backlog	2		4 months
Total identified finite-lived intangible assets	1,589
In-process research and development	19		N/A
Total identified intangible assets	$	1,608

Schedule of Pro Forma Information

The following table summarizes the pro forma financial information:



	Three Months Ended					Six Months Ended
	September 30, 2016			October 2, 2015		September 30, 2016			October 2, 2015
	(In millions)
Net revenues	$	1,023		$	1,041	$	2,086		$	2,078
Net income (loss)	$	(158	)	$	40	$	(119	)	$	—