XML 27 R17.htm IDEA: XBRL DOCUMENT v3.6.0.2
Goodwill and Intangible Assets, Net
 9 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net
Goodwill and Intangible Assets, Net
Changes in the carrying amount of goodwill were as follows:
(In millions)
Distribution
Solutions
 
Technology
Solutions
 
Total
Balance, March 31, 2016
$
7,987

 
$
1,799

 
$
9,786

Goodwill acquired
2,810

 
22

 
2,832

Impairment
—

 
(290
)
 
(290
)
Amount reclassified to assets held for sale
(89
)
 
(1,071
)
 
(1,160
)
Goodwill allocated to disposed businesses
(35
)
 
—

 
(35
)
Acquisition accounting, transfers and other adjustments
(100
)
 
—

 
(100
)
Foreign currency translation adjustments, net
(415
)
 
(6
)
 
(421
)
Balance, December 31, 2016
$
10,158

 
$
454

 
$
10,612


As of December 31, 2016 and March 31, 2016, the accumulated goodwill impairment losses were $290 million and $36 million primarily in our Technology Solutions segment. Refer to Financial Note 3, “Goodwill Impairment,” for more information on goodwill reclassified to assets held for sale and the impairment charge recorded during the first nine months of 2017.
Information regarding intangible assets is as follows:
 
December 31, 2016
 
March 31, 2016
(Dollars in millions)
Weighted
Average
Remaining
Amortization
Period
(years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Customer relationships
9
 
$
2,743

 
$
(1,225
)
 
$
1,518

 
$
2,652

 
$
(1,324
)
 
$
1,328

Service agreements
14
 
982

 
(300
)
 
682

 
959

 
(269
)
 
690

Pharmacy licenses
24
 
805

 
(141
)
 
664

 
857

 
(121
)
 
736

Trademarks and trade names
12
 
770

 
(111
)
 
659

 
314

 
(96
)
 
218

Technology
1
 
65

 
(63
)
 
2

 
195

 
(182
)
 
13

Other
5
 
199

 
(141
)
 
58

 
163

 
(127
)
 
36

Total
 
 
$
5,564


$
(1,981
)
 
$
3,583

 
$
5,140

 
$
(2,119
)
 
$
3,021


Amortization expense of intangible assets was $102 million and $332 million for the third quarter and first nine months of 2017 and $108 million and $329 million for the third quarter and first nine months of 2016. Estimated annual amortization expense of these assets is as follows: $78 million, $387 million, $373 million, $358 million and $346 million for the remainder of 2017 and each of the succeeding years through 2021 and $2,041 million thereafter. All intangible assets were subject to amortization as of December 31, 2016 and March 31, 2016.