Goodwill And Acquisition-Related Intangibles, Net

12 Months Ended

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