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Restructuring, Impairment, and Related Charges (Tables)

12 Months Ended

Mar. 31, 2022

Restructuring and Related Activities [Abstract]

Summary of details for charges recorded

Restructuring, impairment, and related charges, net for the year ended March 31, 2022 consisted of the following:

			Year Ended March 31, 2022
(In millions)			U.S. Pharmaceutical						Prescription Technology Solutions						Medical-Surgical Solutions						International						Corporate						Total
Severance and employee-related costs, net			$	8					$	1					$	(1)					$	8					$	(7)					$	9
Exit and other-related costs (1)			9						4						5						33						46						97
Asset impairments and accelerated depreciation (2)			18						20						5						35						61						139
Total			$	35					$	25					$	9					$	76					$	100					$	245

(1)Exit and other-related costs consist of accruals for costs to be incurred without future economic benefits, project consulting fees, and other exit costs expensed as incurred. For the Company’s International segment, costs primarily relate to optimization programs in Canada, exit-related actions for the Company’s European Divestiture Activities, and programs for operating model and cost optimization efforts in the U.K. as described above. For Corporate, primarily represents costs related to the transition to the partial remote work model described above and various other initiatives.

(2)Costs primarily relate to the transition to the partial remote work model described above.

Fiscal 2021

Restructuring, impairment, and related charges, net for the year ended March 31, 2021 consisted of the following:

			Year Ended March 31, 2021
(In millions)			U.S. Pharmaceutical						Prescription Technology Solutions						Medical-Surgical Solutions						International (1)						Corporate (2)						Total
Severance and employee-related costs, net			$	10					$	4					$	(1)					$	22					$	69					$	104
Exit and other-related costs (3)			11						—						4						17						27						59
Asset impairments and accelerated depreciation			—						—						1						46						9						56
Total			$	21					$	4					$	4					$	85					$	105					$	219

(1)Primarily represents costs associated with the operating model and cost optimization efforts described above.

(2)Represents costs associated with the operating model cost optimization efforts and the relocation of the Company’s headquarters described above in addition to various other initiatives.

(3)Exit and other-related costs primarily include project consulting fees.

Fiscal 2020

Restructuring, impairment, and related charges, net for the year ended March 31, 2020 consisted of the following:

			Year Ended March 31, 2020
(In millions)			U.S. Pharmaceutical (1)						Prescription Technology Solutions						Medical-Surgical Solutions (2)						International (3)						Corporate (4)						Total
Severance and employee-related costs, net			$	12					$	(1)					$	4					$	2					$	30					$	47
Exit and other-related costs (5)			1						—						19						13						46						79
Asset impairments and accelerated depreciation			10						—						1						6						13						30
Total			$	23					$	(1)					$	24					$	21					$	89					$	156

(1)Represents costs associated with dispositions and costs related to the relocation of the Company’s corporate headquarters described above.

(2)Primarily represents costs associated with the growth initiative described above.

(3)Primarily represents costs associated with the operating model and cost optimization efforts described above.

(4)Represents costs associated with the growth initiative, operating model cost optimization efforts, and with the relocation of the Company’s corporate headquarters described above.

(5)Exit and other-related costs primarily include project consulting fees.

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes the activity related to the restructuring liabilities associated with the Company’s restructuring initiatives for the years ended March 31, 2022 and 2021:

(In millions)			U.S. Pharmaceutical						Prescription Technology Solutions						Medical-Surgical Solutions						International						Corporate						Total
Balance, March 31, 2020			$	29					$	1					$	22					$	66					$	39					$	157
Restructuring, impairment, and related charges, net			21						4						4						85						105						219
Non-cash charges			—						—						(1)						(46)						(9)						(56)
Cash payments			(31)						(1)						(21)						(31)						(75)						(159)
Other			—						—						(1)						(8)						(1)						(10)
Balance, March 31, 2021 (1)			19						4						3						66						59						151
Restructuring, impairment, and related charges, net			35						25						9						76						100						245
Non-cash charges			(18)						(20)						(5)						(35)						(61)						(139)
Cash payments			(18)						(6)						(6)						(28)						(29)						(87)
Other			(7)						—						—						(23)						(10)						(40)
Balance, March 31, 2022 (2)			$	11					$	3					$	1					$	56					$	59					$	130

(1)    As of March 31, 2021, the total reserve balance was $151 million, of which $99 million was recorded in “Other accrued liabilities” and $52 million was recorded in “Other non-current liabilities” in the Company’s Consolidated Balance Sheets.

(2)    As of March 31, 2022, the total reserve balance was $130 million, of which $58 million was recorded in “Other accrued liabilities,” $36 million was recorded in “Liabilities held for sale,” and $36 million was recorded in “Other non-current liabilities” in the Company’s Consolidated Balance Sheets.

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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