On November 4, 2019, we sold certain of our Enterprise Security assets and certain liabilities to Broadcom for a purchase price of $10.7 billion. The following table presents the gain before income taxes associated with the sale, presented in the results of our discontinued operations below.



(In millions)
Cash proceeds	$	10,582
Income taxes withheld by Broadcom	109
Net assets sold	(5,211		)
Transaction costs	(39		)
Foreign exchange impact	(7		)
Total gain on sale	$	5,434



(In millions)
Current assets	$	158
Intangible assets, net	934
Goodwill	5,773
Other long-term assets	256
Current contract liabilities	(1,210		)
Other current liabilities	(28		)
Long-term contract liabilities	(634		)
Other long-term liabilities	(38		)
Total net assets sold	$	5,211

In connection with the Broadcom sale, we entered into a transition services agreement under which we will provide assistance to Broadcom including, but not limited to, business support services and information technology services for a period of up to six months. Dedicated direct cost, net of charges to Broadcom, for these transition services was $19 million in fiscal 2020 and was recorded as part of Other income (expense), net in our Consolidated Statements of Operations.

On January 31, 2020, we completed the sale of our ID Analytics solutions for $375 million in net cash proceeds. We recognized a gain on sale of $250 million, which was included in Other income (expense), net in our Consolidated Statements of Operations. Total net assets sold was $125 million, consisting of goodwill and net intangible assets of $114 million and net assets, net of other liabilities, of $11 million. We incurred tax expense of $86 million related to the gain.

On October 31, 2017, we completed the sale of our WSS and PKI solutions to DigiCert. In accordance with the terms of the agreement, we received aggregate consideration of $1.1 billion, consisting of approximately $951 million in cash and shares of common stock representing an approximate 28% interest in the outstanding common stock of DigiCert valued at $160 million as of October 31, 2017.



(In millions)
Cash and cash equivalents	$	2
Goodwill and intangible assets, net	670
Liabilities, net of other assets	(222		)
Net assets sold	$	450

As of the transaction close date, we also had $8 million in cumulative currency translation losses related to subsidiaries that were sold, which was reclassified from AOCI to Other income (expense), net. In addition, we incurred direct costs of $8 million, which was recorded as part of Other income (expense), net, and tax expense of $123 million.

The following table presents the gain before income taxes associated with the divestiture, presented as part of Other income (expense), net:



(In millions)
Gain on sale of short-term investment	$	7
Gain on sale of other assets and liabilities	646
Total gain on divestiture	$	653

The gain on sale of short-term investment represents the gain on the sale of a short-term investment that was included in the transaction and resulted in the reclassification on the transaction close date of $7 million of unrealized gains from AOCI to Other income (expense), net.

Income before income taxes for our WSS and PKI solutions in fiscal 2018 was $66 million, which is included in income from continuing operations.

The following table presents information regarding certain components of income from discontinued operations, net of income taxes:



	Year Ended
(In millions)	April 3, 2020		March 29, 2019		March 30, 2018
Net revenues	$	1,368	$	2,288	$	2,329
Gross profit	$	1,035	$	1,693	$	1,737
Operating income	$	4	$	234	$	214
Gain on sale	$	5,434	$	—	$	—
Income before income taxes	$	5,431	$	228	$	203
Income tax expense	$	2,122	$	87	$	29
Income from discontinued operations	$	3,309	$	141	$	174

Our discontinued operations consist of our divested Enterprise Security assets and results of our previously divested Veritas information management business (Veritas). There was no income from Veritas during fiscal 2020. Revenue from Veritas was $13 million and $54 million during fiscal 2019 and 2018, respectively. Income from Veritas, net of taxes was $15 million and $11 million during fiscal 2019 and 2018, respectively.

We recorded income tax expense from discontinued operations of $2,122 million in fiscal 2020, primarily related to the gain on the Broadcom sale.

The following table presents the aggregate carrying amounts of the classes of assets and liabilities of discontinued operations as of March 29, 2019:



(In millions)
Assets:
Current assets	$	149
Intangible assets, net	1,048
Goodwill	5,773
Other long-term assets	229
Total assets of discontinued operations	$	7,199
Liabilities:
Current contract liabilities	$	1,288
Other current liabilities	16
Long-term contract liabilities	709
Other long-term liabilities	6
Total liabilities of discontinued operations	$	2,019

The following table presents significant non-cash items and capital expenditures of discontinued operations:



	Year Ended
(In millions)	April 3, 2020		March 29, 2019		March 30, 2018
Amortization and depreciation	$	130	$	368	$	370
Stock-based compensation expense	$	172	$	193	$	309
Purchases of property and equipment	$	43	$	65	$	58