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Intangible Assets and Goodwill | 3 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Intangible Assets and Goodwill Net amounts excluding fully amortized intangible assets, consist of the following (in millions):
|  | June 30, 2023
|  | Gross Amount |  | Accumulated Amortization |  | Net Amount
Core and developed technology |  | $ | 7,310.0 |  |  | $ | (4,253.4) |  |  | $ | 3,056.6 |
Customer-related |  | 199.8 |  |  | (131.9) |  |  | 67.9 |
Software licenses |  | 220.8 |  |  | (92.5) |  |  | 128.3 |
Total |  | $ | 7,730.6 |  |  | $ | (4,477.8) |  |  | $ | 3,252.8 |
|  | March 31, 2023
|  | Gross Amount |  | Accumulated Amortization |  | Net Amount
Core and developed technology |  | $ | 7,296.2 |  |  | $ | (4,103.4) |  |  | $ | 3,192.8 |
Customer-related |  | 199.8 |  |  | (128.0) |  |  | 71.8 |
In-process research and development |  | 5.7 |  |  | — |  |  | 5.7 |
Software licenses |  | 211.7 |  |  | (113.0) |  |  | 98.7 |
Distribution rights and other |  | 0.3 |  |  | (0.3) |  |  | — |
Total |  | $ | 7,713.7 |  |  | $ | (4,344.7) |  |  | $ | 3,369.0 |
The following is an expected amortization schedule for the intangible assets for the remainder of fiscal 2024 through fiscal 2028, absent any future acquisitions or impairment charges (in millions):
Fiscal Year Ending March 31, |  | Amortization Expense
2024 |  | $ | 517.0 |
2025 |  | $ | 555.6 |
2026 |  | $ | 485.0 |
2027 |  | $ | 383.0 |
2028 |  | $ | 297.1 |
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):
|  |  | Three Months Ended June 30, |  |
|  |  |  |  |  |  | 2023 |  | 2022 |  |  |  |
Amortization expense charged to cost of sales |  |  |  |  |  |  | $ | 3.0 |  |  | $ | 3.3 |  |  |  |  |
Amortization expense charged to operating expense |  |  |  |  |  |  | 169.4 |  |  | 184.4 |  |  |  |  |
Total amortization expense |  |  |  |  |  |  | $ | 172.4 |  |  | $ | 187.7 |  |  |  |  |
There were no material impairment charges in the three months ended June 30, 2023 or June 30, 2022. Goodwill activity by segment was as follows (in millions):
| Semiconductor Products Reporting Unit |  | Technology Licensing Reporting Unit
Balance at March 31, 2023 | $ | 6,654.4 |  |  | $ | 19.2 |
Additions | 1.8 |  |  | — |
Balance at June 30, 2023 | $ | 6,656.2 |  |  | $ | 19.2 |
At March 31, 2023, 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 June 30, 2023, the Company has never recorded a goodwill impairment charge.

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