XML 54 R17.htm IDEA: XBRL DOCUMENT
v3.20.1

Intangible Assets and Goodwill | 12 Months Ended
--- | ---
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Intangible Assets and Goodwill Intangible assets consist of the following (in millions):
| March 31, 2020
| Gross Amount |  | Accumulated Amortization |  | Net Amount
Core and developed technology | $ | 7,331.9 |  |  | $ | (1,924.6 | ) |  | $ | 5,407.3 |
Customer-related | 903.6 |  |  | (674.7 | ) |  | 228.9 |
In-process research and development | 8.8 |  |  | — |  |  | 8.8 |
Distribution rights and other | 126.0 |  |  | (68.7 | ) |  | 57.3 |
Total | $ | 8,370.3 |  |  | $ | (2,668.0 | ) |  | $ | 5,702.3 |
| March 31, 2019
| Gross Amount |  | Accumulated Amortization |  | Net Amount
Core and developed technology | $ | 7,339.2 |  |  | $ | (1,102.2 | ) |  | $ | 6,237.0 |
Customer-related | 917.1 |  |  | (544.0 | ) |  | 373.1 |
In-process research and development | 7.7 |  |  | — |  |  | 7.7 |
Distribution rights and other | 81.4 |  |  | (13.6 | ) |  | 67.8 |
Total | $ | 8,345.4 |  |  | $ | (1,659.8 | ) |  | $ | 6,685.6 |
The following is an expected amortization schedule for the intangible assets for fiscal 2021 through fiscal 2025, absent any future acquisitions or impairment charges (in millions):
Fiscal Year Ending March 31, |  | Projected Amortization Expense
2021 |  | $ | 985.8 |
2022 |  | $ | 903.3 |
2023 |  | $ | 693.1 |
2024 |  | $ | 617.6 |
2025 |  | $ | 501.4 |
The Company amortizes intangible assets over their expected useful lives, which range between 1 and 15 years. Amortization expense attributed to intangible assets are assigned to cost of sales and operating expenses as follows (in millions):
| Year Ended March 31,
| 2020 |  | 2019 |  | 2018
Amortization expense charged to cost of sales | $ | 8.9 |  |  | $ | 9.6 |  |  | $ | 6.1 |
Amortization expense charged to operating expense | 1,037.8 |  |  | 686.2 |  |  | 486.1 |
Total amortization expense | $ | 1,046.7 |  |  | $ | 695.8 |  |  | $ | 492.2 |
The Company recognized impairment charges of $2.2 million, $3.1 million and $0.5 million in fiscal 2020, 2019 and 2018, respectively. The impairment charges of $3.1 million in fiscal 2019 were recognized as a result of writing off intangible assets purchased from Microsemi prior to the close of the acquisition and as a result of the changes in the combined product roadmaps after the acquisition of Microsemi that affected the use and life of these assets. Goodwill activity for fiscal 2020 and fiscal 2019 was as follows (amounts in millions):
| Semiconductor Products Reporting Unit |  | Technology Licensing Reporting Unit
Balance at March 31, 2018 | $ | 2,279.8 |  |  | $ | 19.2 |
Additions due to the acquisition of Microsemi | 4,364.9 |  |  | — |
Balance at March 31, 2019 | $ | 6,644.7 |  |  | $ | 19.2 |
Additions | 0.9 |  |  | — |
Balance at March 31, 2020 | $ | 6,645.6 |  |  | $ | 19.2 |
At March 31, 2020, the Company applied a qualitative goodwill impairment test to its two reporting units, concluding it was not more likely than not that goodwill was impaired. Through March 31, 2020, the Company has never recorded an impairment charge against its goodwill balance.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration