XML 27 R12.htm IDEA: XBRL DOCUMENT
v3.21.2

Acquisitions | 3 Months Ended
--- | ---
Jul. 02, 2021
Business Combination and Asset Acquisition [Abstract] |
Acquisitions | Acquisitions Fiscal 2021 acquisition On January 8, 2021, we completed our acquisition of Avira. Avira provides a consumer-focused portfolio of cybersecurity and privacy solutions primarily in Europe and key emerging markets. The total aggregate consideration for the acquisition was $344 million, net of $32 million cash acquired. Our current allocation of the aggregate purchase price for the acquisition as of January 8, 2021, is as follows:
(In millions, except useful lives) | January 8, 2021
Assets: |
Current assets | $ | 12 |
Intangible assets | 162 |
Goodwill | 264 |
Other long-term asset | 21 |
Total assets acquired | 459 |
Liabilities: |
Current liabilities | 29 |
Contract liabilities | 54 |
Other long-term obligations | 32 |
Total liabilities assumed | 115 |
Total purchase price | $ | 344 |
The allocation of the purchase price above was based upon a preliminary valuation performed during the fourth quarter of fiscal 2021 and reflects adjustments made during the three months ended July 2, 2021. Our estimates and assumptions are subject to refinement within the measurement period, which may be up to one year from the acquisition date. Adjustments to the purchase price may require adjustments to goodwill prospectively. The primary area of preliminary purchase price allocation that is not yet finalized relates to certain tax matters.

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
Name: | us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration