Acquisitions (Tables)

12 Months Ended

Mar. 31, 2017

Business Acquisition [Line Items]

Schedule of Pro Forma Information

The following table summarizes the pro forma financial information:

	Year Ended
(In millions)	March 31, 2017			April 1, 2016
Net revenues	$	4,817		$	4,803
Net income (loss)	$	(174	)	$	1,791

Blue Coat, Inc.

Business Acquisition [Line Items]

Schedule of Total Consideration

The total consideration for the acquisition of Blue Coat was approximately $4.7 billion, net of cash acquired, and consisted of the following:

(In millions)	August 1, 2016
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, were as follows:

(In millions)	August 1, 2016
Assets:
Accounts receivable	$	125
Other current assets	65
Property and equipment	54
Intangible assets	1,608
Goodwill	4,083
Other long-term assets	9
Total assets acquired	5,944
Liabilities:
Other current liabilities	111
Deferred revenue	220
Long-term deferred tax liabilities	921
Other long-term obligations	19
Total liabilities assumed	1,271
Total purchase price	$	4,673

Components of Intangible Assets Recognized

Preliminary identified intangible assets and their respective useful lives, as of August 1, 2016, were as follows:

(In millions, except for useful lives)	Fair Value		Weighted-Average Estimated Useful Life
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

LifeLock

Business Acquisition [Line Items]

Schedule of Total Consideration

The total consideration for the acquisition of LifeLock was approximately $2.3 billion, net of cash acquired, and consisted of the following:

(In millions)	February 9, 2017
Cash for outstanding LifeLock common shares and vested equity awards	$	2,298
Fair value of vested assumed LifeLock equity awards	10
Liability assumed for dissenting shareholders	68
Liability assumed for lost shareholders	1
Total consideration	2,377
Cash acquired	(94		)
Net consideration transferred	$	2,283

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, were as follows:

(In millions)	February 9, 2017
Assets:
Accounts receivable	$	20
Other current assets	110
Property and equipment	46
Intangible assets	1,247
Goodwill	1,401
Deferred tax assets	16
Other long-term assets	13
Total assets acquired	2,853
Liabilities:
Accounts payable	2
Deferred revenue	96
Income taxes payable	5
Other current liabilities	59
Long-term deferred tax liabilities	394
Other long-term obligations	14
Total liabilities assumed	570
Total purchase price	$	2,283

Components of Intangible Assets Recognized

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

(In millions, except for useful lives)	Fair Value		Weighted-Average Estimated Useful Life
Customer relationships	$	532	7.0 years
Developed technology	126		5.0 years
Finite-lived trade names and other	6		5.9 years
Total identified finite-lived intangible assets	664
Indefinite-lived trade names	583		N/A
Total identified intangible assets	$	1,247