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Goodwill and Intangible Assets, Net
9 Months Ended
Dec. 31, 2018
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)
U.S. Pharmaceutical and Specialty Solutions
 
European Pharmaceutical Solutions
 
Medical-Surgical Solutions
 
Other
 
Total
Balance, March 31, 2018
$
4,110

 
$
1,850

 
$
2,070

 
$
2,894

 
$
10,924

Goodwill acquired

 
52

 
360

 
12

 
424

Goodwill impairment charges

 
(570
)
 

 
(21
)
 
(591
)
Acquisition accounting, transfers and other adjustments
13

 
(4
)
 
16

 
6

 
31

Foreign currency translation adjustments, net
(49
)
 
(135
)
 

 
(85
)
 
(269
)
Balance, December 31, 2018
$
4,074

 
$
1,193

 
$
2,446

 
$
2,806

 
$
10,519


As of December 31, 2018, accumulated goodwill impairment losses were $1,736 million and $452 million in our European Pharmaceutical Solutions segment and Other. As of March 31, 2018, accumulated goodwill impairment losses were $1,299 million and $456 million in our European Pharmaceutical segment and Other. Refer to Financial Note 3, “Goodwill Impairment Charges,” for more information on goodwill impairment charges.
Information regarding intangible assets is as follows:
 
December 31, 2018
 
March 31, 2018
(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
12
 
$
3,980

 
$
(1,856
)
 
$
2,124

 
$
3,619

 
$
(1,550
)
 
$
2,069

Service agreements
11
 
1,011

 
(414
)
 
597

 
1,037

 
(386
)
 
651

Pharmacy licenses
25
 
767

 
(353
)
 
414

 
684

 
(196
)
 
488

Trademarks and trade names
13
 
884

 
(233
)
 
651

 
932

 
(187
)
 
745

Technology
4
 
139

 
(89
)
 
50

 
147

 
(84
)
 
63

Other
5
 
285

 
(201
)
 
84

 
262

 
(176
)
 
86

Total
 
 
$
7,066


$
(3,146
)
 
$
3,920

 
$
6,681

 
$
(2,579
)
 
$
4,102


Amortization expense of intangible assets was $122 million and $365 million for the third quarter and nine months ended December 31, 2018 and $123 million and $370 million for the third quarter and nine months ended December 31, 2017. Estimated annual amortization expense of these assets is as follows: $112 million, $429 million, $412 million, $379 million and $274 million for the remainder of 2019 and each of the succeeding years through 2023 and $2,314 million thereafter. All intangible assets were subject to amortization as of December 31, 2018 and March 31, 2018.

Refer to Financial Note 2, “Restructuring and Asset Impairment Charges,” for more information on intangible asset impairments recorded during the first quarter of 2019 for our U.K. retail business and the third quarter of 2019 for our Rexall Health retail business.