Backlog

[Table of Contents](#i11f673a761214399ab28a3a12dfa4686_7)  
ADOBE INC.  
 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)  
(Unaudited)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 October 7, 2021 and the associated estimated useful lives at that date. During the nine months ended September 2, 2022, we recorded purchase accounting adjustments that were not material based on changes to management’s estimates and assumptions in regards to the total purchase price and its related impact to goodwill.

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
| (dollars in millions) | Amount |  | Weighted Average Useful Life (years) |
| Purchased technology | $ | 331  |  |  | 4 |
| In-process research and development (1) | 19  |  |  | N/A |
| Trademarks | 4  |  |  | 3 |
| Customer contracts and relationships | 3  |  |  | 10 |
| Total identifiable intangible assets | 357  |  |  |  |
| Net liabilities assumed | (36) |  |  | N/A |
| Goodwill (2) | 915  |  |  | N/A |
| Total purchase price | $ | 1,236  |  |  |  |

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_(1)    Capitalized as purchased technology and considered indefinite lived until completion or abandonment of the associated research and development efforts.(2)    Non-deductible for tax purposes.WorkfrontOn December 7, 2020, we completed the acquisition of Workfront, a privately held company that provides a workflow platform, for approximately $1.52 billion of cash consideration. The financial results of Workfront have been included in our condensed consolidated financial statements since the date of the acquisition. Workfront is reported as part of our Digital Experience reportable segment.The table below represents the final purchase price allocation to total identifiable intangible assets acquired and net liabilities assumed based on their estimated fair values as of December 7, 2020 and the associated estimated useful lives at that date.

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
| (dollars in millions) | Amount |  | Weighted Average Useful Life (years) |
| Customer contracts and relationships | $ | 290  |  |  | 10 |
| Purchased technology | 100  |  |  | 3 |
| Backlog | 40  |  |  | 2 |
| Trademarks | 30  |  |  | 5 |
| Total identifiable intangible assets | 460  |  |  |  |
| Net liabilities assumed | (31) |  |  | N/A |
| Goodwill (1) | 1,095  |  |  | N/A |
| Total purchase price | $ | 1,524  |  |  |  |

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_(1)    Non-deductible for tax purposes.Pro forma financial information has not been presented for these acquisitions as the impacts to our condensed consolidated financial statements were not material.13
