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Restructuring, Impairment, and Related Charges, Net (Tables) | 6 Months Ended
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Sep. 30, 2023
Restructuring and Related Activities [Abstract] |
Restructuring, Impairment, and Related Costs | Restructuring, impairment, and related charges, net for the three months ended September 30, 2023 and 2022 consisted of the following:
| Three Months Ended September 30, 2023
(In millions) | U.S. Pharmaceutical |  | Prescription Technology Solutions (1) |  | Medical-Surgical Solutions |  | International |  | Corporate |  | Total
Severance and employee-related costs, net | $ | 8 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | 10 |
Exit and other-related costs (2) | 1 |  |  | 3 |  |  | 4 |  |  | 4 |  |  | 6 |  |  | 18 |
Asset impairments and accelerated depreciation | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 9 |  |  | $ | 3 |  |  | $ | 4 |  |  | $ | 6 |  |  | $ | 6 |  |  | $ | 28 |
(1)Includes costs related to operational efficiencies and cost optimization efforts described above to support the Company’s technology solutions. (2)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.
| Three Months Ended September 30, 2022
(In millions) | U.S. Pharmaceutical |  | Prescription Technology Solutions |  | Medical-Surgical Solutions |  | International |  | Corporate |  | Total
Severance and employee-related costs, net | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | (5) |  |  | $ | (3) |
Exit and other-related costs (1) | — |  |  | 1 |  |  | 1 |  |  | 6 |  |  | 14 |  |  | 22 |
Asset impairments and accelerated depreciation | 3 |  |  | 6 |  |  | — |  |  | 1 |  |  | 1 |  |  | 11 |
Total | $ | 3 |  |  | $ | 7 |  |  | $ | 1 |  |  | $ | 9 |  |  | $ | 10 |  |  | $ | 30 |
(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. Restructuring, impairment, and related charges, net, for the six months ended September 30, 2023 and 2022 consisted of the following:
| Six Months Ended September 30, 2023
(In millions) | U.S. Pharmaceutical |  | Prescription Technology Solutions (1) |  | Medical-Surgical Solutions |  | International |  | Corporate (1) |  | Total
Severance and employee-related costs, net | $ | 9 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 12 |
Exit and other-related costs (2) | 2 |  |  | 5 |  |  | 6 |  |  | 9 |  |  | 18 |  |  | 40 |
Asset impairments and accelerated depreciation | — |  |  | — |  |  | — |  |  | 1 |  |  | 27 |  |  | 28 |
Total | $ | 11 |  |  | $ | 5 |  |  | $ | 6 |  |  | $ | 12 |  |  | $ | 46 |  |  | $ | 80 |
(1)Includes costs related to operational efficiencies and cost optimization efforts described above to support the Company’s technology solutions. (2)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.
| Six Months Ended September 30, 2022
(In millions) | U.S. Pharmaceutical |  | Prescription Technology Solutions |  | Medical-Surgical Solutions |  | International |  | Corporate |  | Total
Severance and employee-related costs, net | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | (6) |  |  | $ | (1) |
Exit and other-related costs (1) | 1 |  |  | 3 |  |  | 2 |  |  | 8 |  |  | 29 |  |  | 43 |
Asset impairments and accelerated depreciation | 3 |  |  | 11 |  |  | — |  |  | 1 |  |  | (4) |  |  | 11 |
Total | $ | 7 |  |  | $ | 14 |  |  | $ | 2 |  |  | $ | 11 |  |  | $ | 19 |  |  | $ | 53 |
(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. The following table summarizes the activity related to the liabilities associated with the Company’s restructuring initiatives for the six months ended September 30, 2023:
(In millions) | U.S. Pharmaceutical |  | Prescription Technology Solutions |  | Medical-Surgical Solutions |  | International |  | Corporate |  | Total
Balance, March 31, 2023 (1) | $ | 15 |  |  | $ | 26 |  |  | $ | 3 |  |  | $ | 13 |  |  | $ | 35 |  |  | $ | 92 |
Restructuring, impairment, and related charges, net | 11 |  |  | 5 |  |  | 6 |  |  | 12 |  |  | 46 |  |  | 80 |
Non-cash charges | — |  |  | — |  |  | — |  |  | (1) |  |  | (27) |  |  | (28) |
Cash payments | (10) |  |  | (26) |  |  | (6) |  |  | (3) |  |  | (23) |  |  | (68) |
Other (2) | — |  |  | — |  |  | — |  |  | (10) |  |  | — |  |  | (10) |
Balance, September 30, 2023 (3) | $ | 16 |  |  | $ | 5 |  |  | $ | 3 |  |  | $ | 11 |  |  | $ | 31 |  |  | $ | 66 |
(1)As of March 31, 2023, the total reserve balance was $92 million, of which $66 million was recorded in “Other accrued liabilities” and $26 million was recorded in “Other non-current liabilities” in the Company’s Condensed Consolidated Balance Sheet. (2)Other primarily includes cumulative translation adjustments and transfers to certain other liabilities. (3)As of September 30, 2023, the total reserve balance was $66 million, of which $32 million was recorded in “Other accrued liabilities” and $34 million was recorded in “Other non-current liabilities” in the Company’s Condensed Consolidated Balance Sheet.
Schedule of Restructuring and Asset Impairment Charges | The following table summarizes the activity related to the liabilities associated with the Company’s restructuring initiatives for the six months ended September 30, 2023:
(In millions) | U.S. Pharmaceutical |  | Prescription Technology Solutions |  | Medical-Surgical Solutions |  | International |  | Corporate |  | Total
Balance, March 31, 2023 (1) | $ | 15 |  |  | $ | 26 |  |  | $ | 3 |  |  | $ | 13 |  |  | $ | 35 |  |  | $ | 92 |
Restructuring, impairment, and related charges, net | 11 |  |  | 5 |  |  | 6 |  |  | 12 |  |  | 46 |  |  | 80 |
Non-cash charges | — |  |  | — |  |  | — |  |  | (1) |  |  | (27) |  |  | (28) |
Cash payments | (10) |  |  | (26) |  |  | (6) |  |  | (3) |  |  | (23) |  |  | (68) |
Other (2) | — |  |  | — |  |  | — |  |  | (10) |  |  | — |  |  | (10) |
Balance, September 30, 2023 (3) | $ | 16 |  |  | $ | 5 |  |  | $ | 3 |  |  | $ | 11 |  |  | $ | 31 |  |  | $ | 66 |
(1)As of March 31, 2023, the total reserve balance was $92 million, of which $66 million was recorded in “Other accrued liabilities” and $26 million was recorded in “Other non-current liabilities” in the Company’s Condensed Consolidated Balance Sheet. (2)Other primarily includes cumulative translation adjustments and transfers to certain other liabilities. (3)As of September 30, 2023, the total reserve balance was $66 million, of which $32 million was recorded in “Other accrued liabilities” and $34 million was recorded in “Other non-current liabilities” in the Company’s Condensed Consolidated Balance Sheet.

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