Acquisitions (Tables)
 12 Months Ended
Dec. 03, 2021
Frame.io  
Business Acquisition  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The table below represents the preliminary purchase price allocation to total identifiable intangible assets acquired and net liabilities assumed based on their respective estimated fair values as of October 7, 2021. The fair values assigned to assets acquired and liabilities assumed are based on management’s best estimates and assumptions as of the reporting date. Fair values associated with the net tax liabilities assumed and their related impact to goodwill were pending finalization as of the reporting date.
(dollars in millions)AmountWeighted Average Useful Life (years)
Purchased technology$331 4
In-process research and development (1)
19 N/A
Trademarks4 3
Customer contracts and relationships3 10
Total identifiable intangible assets357 
Net liabilities assumed(39)N/A
Goodwill (2)
865 N/A
Total purchase price$1,183 
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(1)    Capitalized as purchased technology and considered indefinite lived until the completion or abandonment of the associated research and development efforts.
(2)    Non-deductible for tax-purposes.
Workfront  
Business Acquisition  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The table below represents the final purchase price allocation to total identifiable intangible assets acquired and net liabilities assumed based on their respective estimated fair values as of December 7, 2020. The fair values assigned to assets acquired and liabilities assumed are based on management’s best estimates and assumptions as of the reporting date. During fiscal 2021, we recorded immaterial purchase accounting adjustments based on changes to management’s estimates and assumptions in regards to net tax liabilities assumed and their related impact to goodwill.
(dollars in millions)AmountWeighted Average Useful Life (years)
Customer contracts and relationships$290 10
Purchased technology100 3
Backlog40 2
Trademarks30 5
Total identifiable intangible assets460 
Net liabilities assumed(31)N/A
Goodwill (1)
1,095 N/A
Total purchase price$1,524 
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(1)    Non-deductible for tax-purposes.