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Goodwill And Acquisition-Related Intangibles, Net | 12 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Acquisition-Related Intangibles, Net | GOODWILL AND ACQUISITION-RELATED INTANGIBLES, NET The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2024 are as follows (in millions):
| As of March 31, 2023 |  | Activity |  | Effects of Foreign Currency Translation |  | As of March 31, 2024
Goodwill | $ | 5,748 |  |  | $ | — |  |  | $ | (1) |  |  | $ | 5,747 |
Accumulated impairment | (368) |  |  | — |  |  | — |  |  | (368) |
Total | $ | 5,380 |  |  | $ | — |  |  | $ | (1) |  |  | $ | 5,379 |
The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2023 are as follows (in millions):
| As of March 31, 2022 |  | Activity |  | Effects of Foreign Currency Translation |  | As of March 31, 2023
Goodwill | $ | 5,755 |  |  | $ | — |  |  | $ | (7) |  |  | $ | 5,748 |
Accumulated impairment | (368) |  |  | — |  |  | — |  |  | (368) |
Total | $ | 5,387 |  |  | $ | — |  |  | $ | (7) |  |  | $ | 5,380 |
Acquisition-related intangibles consisted of the following (in millions):
| As of March 31, 2024 |  | 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 | $ | 1,025 |  |  | $ | (821) |  |  | $ | 204 |  |  | $ | 1,051 |  |  | $ | (754) |  |  | $ | 297 |
Trade names and trademarks | 502 |  |  | (306) |  |  | 196 |  |  | 596 |  |  | (285) |  |  | 311 |
Registered user base and other intangibles | 56 |  |  | (56) |  |  | — |  |  | 56 |  |  | (50) |  |  | 6 |
Total finite-lived acquisition-related intangibles | $ | 1,583 |  |  | $ | (1,183) |  |  | $ | 400 |  |  | $ | 1,703 |  |  | $ | (1,089) |  |  | $ | 614 |
Indefinite-lived acquisition-related intangibles |  |  |  |  |  |  |  |  |  |  |
In-process research and development | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | 4 |
Total acquisition-related intangibles, net | $ | 1,583 |  |  | $ | (1,183) |  |  | $ | 400 |  |  | $ | 1,707 |  |  | $ | (1,089) |  |  | $ | 618 |
Amortization of intangibles, including impairments, for the fiscal years ended March 31, 2024, 2023, and 2022 are classified in the Consolidated Statements of Operations as follows (in millions):
| Year Ended March 31,
| 2024 |  | 2023 |  | 2022
Cost of revenue | $ | 76 |  |  | $ | 120 |  |  | $ | 133 |
Operating expenses | 142 |  |  | 158 |  |  | 183 |
Restructuring | — |  |  | 66 |  |  | — |
Total | $ | 218 |  |  | $ | 344 |  |  | $ | 316 |
During fiscal year 2024, we recorded impairment charges of $70 million for acquisition-related intangible assets, of which $53 million was recorded within operating expenses and $17 million was recorded within cost of revenue. During fiscal year 2023, we recorded impairment charges of $106 million for acquisition-related intangible assets, of which $66 million was recorded within restructuring, $28 million was recorded within operating expenses, and $12 million was recorded within cost of revenue. During fiscal year 2022, we recorded impairment charges of $45 million for acquisition-related intangible assets, of which $34 million was recorded within operating expenses and $11 million was recorded within cost of revenue. 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 March 31, 2024 and 2023, the weighted-average remaining useful life for acquisition-related intangible assets was approximately 4.1 years and 4.8 years, respectively. As of March 31, 2024, future amortization of finite-lived acquisition-related intangibles that will be recorded in the Consolidated Statements of Operations is estimated as follows (in millions):
Fiscal Year Ending March 31, |
2025 | $ | 107 |
2026 | 102 |
2027 | 83 |
2028 | 80 |
2029 | 28 |
Total | $ | 400 |

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