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Goodwill and Intangible Assets, Net
9 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
Goodwill
The Company evaluates goodwill for impairment on an annual basis in the first fiscal quarter, and more frequently if indicators for potential impairment exist. Goodwill impairment testing is conducted at the reporting unit level, which is generally defined as an operating segment or one level below an operating segment (also known as a component), for which discrete financial information is available and segment management regularly reviews the operating results of that reporting unit. The annual impairment testing performed in fiscal 2025 and fiscal 2024 did not indicate any impairment of goodwill.
Changes in the carrying amount of goodwill were as follows:
(In millions)U.S. PharmaceuticalPrescription Technology SolutionsMedical-Surgical Solutions
International
CorporateTotal
Balance, March 31, 2024$4,123 $2,024 $2,536 $1,449 $— $10,132 
Goodwill acquired— — — — — — 
Disposals (1)
— — — (47)— (47)
Foreign currency translation adjustments, net— — — (81)— (81)
Other adjustments— — (29)— 29 — 
Balance, December 31, 2024$4,123 $2,024 $2,507 $1,321 $29 $10,004 
(1) Goodwill related to the Canadian retail disposal group discussed in Financial Note 2, Business Acquisition and Divestitures
Intangible Assets
Information regarding intangible assets was as follows:
 December 31, 2024March 31, 2024
(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 relationships10$1,475 $(626)$849 $1,830 $(701)$1,129 
Service agreements91,116 (714)402 1,126 (676)450 
Trademarks and trade names13377 (270)107 759 (395)364 
Technology10283 (137)146 284 (125)159 
Other731 (26)34 (26)
Total  $3,282 $(1,773)$1,509 $4,033 $(1,923)$2,110 
All intangible assets were subject to amortization as of December 31, 2024 and March 31, 2024. Amortization of intangible assets of the Canadian retail disposal group previously classified as held for sale and disposed in December 2024 ceased in the second quarter of fiscal 2025. Amortization expense of intangible assets was $53 million and $62 million for the three months ended December 31, 2024 and 2023, respectively, and $176 million and $186 million for the nine months ended December 31, 2024 and 2023, respectively. Estimated amortization expense of the assets listed in the table above is as follows: $49 million, $174 million, $168 million, $164 million, and $162 million for the remainder of fiscal 2025 and each of the succeeding years through fiscal 2029, respectively, and $792 million thereafter.