XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Goodwill and Intangible Assets, Net | 6 Months Ended
--- | ---
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net The Company evaluates goodwill for impairment on an annual basis and at an interim date, if indicators of potential impairment exist. The Company voluntarily changed its annual goodwill impairment testing date from October 1 st to April 1 st to align with a change in timing of the Company’s annual long-term planning process. Accordingly, management determined that the change in accounting principle is preferable under the circumstance. This change has been applied prospectively from April 1, 2022 as retrospective application is deemed impracticable due to the inability to objectively determine the assumptions and significant estimates used in earlier periods without the benefit of hindsight. This change was not material to the Company’s consolidated financial statements as it did not delay, accelerate, or avoid any potential goodwill impairment charge. The annual impairment testing performed as of April 1, 2022 did not indicate an impairment of goodwill. Changes in the carrying amount of goodwill were as follows:
(In millions) | U.S. Pharmaceutical |  | Prescription Technology Solutions |  | Medical-Surgical Solutions |  | International |  | Total
Balance, March 31, 2022 | $ | 3,923 |  |  | $ | 1,542 |  |  | $ | 2,453 |  |  | $ | 1,533 |  |  | $ | 9,451 |
Goodwill acquired | 11 |  |  | — |  |  | — |  |  | 1 |  |  | 12 |
Foreign currency translation adjustments, net | (72) |  |  | — |  |  | — |  |  | (150) |  |  | (222) |
Other adjustments | (2) |  |  | — |  |  | — |  |  | — |  |  | (2) |
Balance, September 30, 2022 | $ | 3,860 |  |  | $ | 1,542 |  |  | $ | 2,453 |  |  | $ | 1,384 |  |  | $ | 9,239 |
Information regarding intangible assets is as follows:
| September 30, 2022 |  | March 31, 2022
(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 |  | $ | 2,710 |  |  | $ | (1,703) |  |  | $ | 1,007 |  |  | $ | 2,777 |  |  | $ | (1,691) |  |  | $ | 1,086 |
Service agreements | 9 |  | 1,063 |  |  | (591) |  |  | 472 |  |  | 1,085 |  |  | (573) |  |  | 512 |
Trademarks and trade names | 11 |  | 765 |  |  | (402) |  |  | 363 |  |  | 819 |  |  | (386) |  |  | 433 |
Technology | 3 |  | 132 |  |  | (120) |  |  | 12 |  |  | 128 |  |  | (116) |  |  | 12 |
Other | 9 |  | 190 |  |  | (172) |  |  | 18 |  |  | 187 |  |  | (171) |  |  | 16 |
Total |  |  | $ | 4,860 |  |  | $ | (2,988) |  |  | $ | 1,872 |  |  | $ | 4,996 |  |  | $ | (2,937) |  |  | $ | 2,059 |
Amortization expense of intangible assets was $57 million and $84 million for the three months ended September 30, 2022 and 2021, respectively, and $113 million and $182 million for the six months ended September 30, 2022 and 2021, respectively. Estimated amortization expense of these assets is as follows: $108 million, $208 million, $202 million, $170 million, and $164 million for the remainder of fiscal 2023 and each of the succeeding years through fiscal 2027, respectively, and $1.0 billion thereafter. All intangible assets were subject to amortization as of September 30, 2022 and March 31, 2022. Amortization of intangible assets of the E.U. disposal group classified as held for sale ceased in the second quarter of fiscal 2022.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration