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Acquisition Accounting (Tables)

9 Months Ended

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	)

X

- 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

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X

- 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

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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

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