Goodwill And Acquisition-Related Intangibles, Net

3 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Acquisition-Related Intangibles, Net

(6) GOODWILL AND ACQUISITION-RELATED INTANGIBLES, NET

The changes in the carrying amount of goodwill for the three months ended June 30, 2023 are as follows (in millions):


	As of March 31, 2023		Activity		Effects of Foreign Currency Translation		As of June 30, 2023
Goodwill	$	5,748	$	—	$	1	$	5,749
Accumulated impairment	(368)		—		—		(368)
Total	$	5,380	$	—	$	1	$	5,381

Acquisition-related intangibles consisted of the following (in millions):


	As of June 30, 2023						As of March 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Acquisition- Related Intangibles, Net		Gross Carrying Amount		Accumulated Amortization		Acquisition- Related Intangibles, Net
Finite-lived acquisition-related intangibles
Developed and core technology	$	1,051	$	(775)	$	276	$	1,051	$	(754)	$	297
Trade names and trademarks	596		(302)		294		596		(285)		311
Registered user base and other intangibles	56		(53)		3		56		(50)		6

Total finite-lived acquisition-related intangibles	$	1,703	$	(1,130)	$	573	$	1,703	$	(1,089)	$	614
Indefinite-lived acquisition-related intangibles
In-process research and development	$	4	$	—	$	4	$	4	$	—	$	4
Total acquisition-related intangibles, net	$	1,707	$	(1,130)	$	577	$	1,707	$	(1,089)	$	618

Amortization of intangibles for the three months ended June 30, 2023 and 2022 are classified in the Condensed Consolidated Statements of Operations as follows (in millions):


	Three Months Ended June 30,
	2023		2022
Cost of revenue	$	16	$	30
Operating expenses	25		39
Total	$	41	$	69

During the three months ended June 30, 2023 and 2022, there were no impairment charges for acquisition-related intangible assets.

Acquisition-related intangible assets are generally amortized using the straight-line method over the lesser of their estimated useful lives or the agreement terms, currently ranging from 2 to 7 years. As of June 30, 2023 and March 31, 2023, the weighted-average remaining useful life for acquisition-related intangible assets was approximately 4.7 and 4.8 years, respectively.

As of June 30, 2023, future amortization of finite-lived acquisition-related intangibles that will be recorded in the Condensed Consolidated Statements of Operations is estimated as follows (in millions):


Fiscal Year Ending March 31,
2024 (remaining nine months)	$	109
2025	122
2026	118
2027	99
2028	96
2029	29
Total	$	573