ACQUISITIONS (Tables)

6 Months Ended

May 29, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Preliminary Purchase Price Allocation

The table below represents the preliminary purchase price allocation to the acquired net tangible and intangible assets of Semrush based on their estimated fair values as of the acquisition date and the associated estimated useful lives at that date. The fair values assigned to assets acquired and liabilities assumed are based on management’s best estimates and assumptions as of the reporting date.


(dollars in millions)	Amount		Weighted Average Useful Life (years)
Purchased technology	$	415	7
Customer contracts and relationships	107		11
Trademarks	60		7
Total identifiable intangible assets	582
Cash and cash equivalents	262		N/A
Other net liabilities assumed(1)	(221)		N/A
Goodwill(2)	1,251		N/A
Total purchase price	$	1,874

_________________________________________

(1)Primarily comprised of deferred revenue and deferred tax liabilities.

(2)Non-deductible for income tax purposes.