Acquisitions (Tables)

9 Months Ended

Mar. 30, 2012

Preliminary estimated fair values of the acquired assets and liabilities assumed at the acquisition date

Inventories	$	141
Equipment	76
Intangible assets	580
Other assets	28
Total identifiable assets acquired	825
Warranty liability	(72		)
Other liabilities	(46		)
Total liabilities assumed	(118		)
Net identifiable assets acquired	707
Goodwill	433
Net assets acquired	$	1,140

Fair value of the separately identifiable intangible assets at the time of acquisition

(Dollars in millions)	Fair Value		Weighted- Average Amortization Period

Existing technology	$	137	2.0 years
Customer relationships	399		5.8 years
Total amortizable intangible assets acquired	536		4.8 years
In-process research and development	44
Total acquired identifiable intangible assets	$	580

Pro Forma Financial Information

The amounts of revenue and earnings of the acquired assets of Samsung’s HDD business included in the Company’s Condensed Consolidated Statement of Operations from the acquisition date during the three and nine months ended March 30, 2012, were as follows:

(Dollars in millions)	For the Three Months Ended		For the Nine Months Ended
Revenue	$	448	$	484
Net income	66		61

The unaudited pro forma financial results presented below for the three and nine months ended March 30, 2012 and April 1, 2011, include the effects of pro forma adjustments as if the acquisition date occurred as of the beginning of the prior fiscal year on July 3, 2010.

	For the Three Months Ended				For the Nine Months Ended
(Dollars in millions)	March 30, 2012		April 1, 2011		March 30, 2012		April 1, 2011
Revenue	$	4,450	$	3,392	$	11,631	$	10,351
Net income	1,146		38		1,748		308

- 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.

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