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Acquisition Accounting (Tables) | 9 Months Ended
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Sep. 30, 2014
Business Combinations [Abstract] |
Purchase Price Allocation | Purchase Price Allocation
Fair value of assets acquired | (in millions)
Cash and cash equivalents | $ | 154 |
Accounts receivable | 111 |
Unbilled accounts receivable | 316 |
Other current assets | 64 |
Fixed assets and capitalized software | 42 |
Intangible assets | 635 |
Goodwill | 389 |
Pension assets | 58 |
Other non-current assets | 4 |
Total fair value of assets acquired | $ | 1,773 |
Fair value of liabilities acquired |
Accounts payable and accrued liabilities | $ | 114 |
Long-term debt (including current maturities) | 1,082 |
Employee benefit obligations | 99 |
Unrecognized tax benefits | 45 |
Deferred tax liabilities | 351 |
Total fair value of liabilities acquired | $ | 1,691 |
Total allocable purchase price | $ | 82 |
Components of Intangible Assets | The following table sets forth the components of the intangible assets acquired.
| Fair Value | Estimated Useful Lives
| (in millions) |
Directory services agreements | $ | 145 |  | 5 years
Client relationships | 420 |  | 3 years
Trademarks and domain names | 60 |  | 5 years
Patented technologies | 10 |  | 4 years
Total fair value of intangible assets acquired | $ | 635 |  |
Pro Forma Information | Unaudited Pro Forma Results
| Three Months Ended September 30, | Nine Months Ended September 30,
| 2014 | 2013 | 2014 | 2013
| (in millions)
Operating revenue | $ | 452 |  | $ | 532 |  | $ | 1,412 |  | $ | 1,671 |
Net (loss) | $ | (59 | ) | $ | (62 | ) | $ | (212 | ) | $ | (112 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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