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Goodwill and Intangible Assets | 12 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill Goodwill was $2,405 million and $2,344 million as of March 31, 2025 and March 31, 2024, respectively. The $61 million increase in the carrying amount of goodwill was attributable to the Company's finalization of the accounting for the acquisition of PGSC. Intangible Assets Intangible assets consisted of the following:
|  |  | March 31, 2025 |  | March 31, 2024
|  |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Customer contracts and related customer relationships |  |  | $ | 619 |  |  | $ | 305 |  |  | $ | 314 |  |  | $ | 592 |  |  | $ | 238 |  |  | $ | 354 |
Software |  |  | 168 |  |  | 109 |  |  | 59 |  |  | 146 |  |  | 89 |  |  | 57 |
Total amortizable intangible assets |  |  | $ | 787 |  |  | $ | 414 |  |  | $ | 373 |  |  | $ | 738 |  |  | $ | 327 |  |  | $ | 411 |
Unamortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name |  |  | $ | 190 |  |  | $ | — |  |  | $ | 190 |  |  | $ | 190 |  |  | $ | — |  |  | $ | 190 |
Total |  |  | $ | 977 |  |  | $ | 414 |  |  | $ | 563 |  |  | $ | 928 |  |  | $ | 327 |  |  | $ | 601 |
The $27 million increase in the gross carrying value of amortizable intangible assets (excluding software) was primarily attributable to the Company’s acquisition of PGSC. Amortization expense for fiscal 2025, 2024, and 2023 was $95 million, $93 million, and $94 million, respectively. The following table summarizes the estimated annual amortization expense for future periods:
For the Fiscal Year Ended March 31,
2026 | $ | 86 |
2027 | 66 |
2028 | 57 |
2029 | 48 |
2030 | 40 |
Thereafter | 76 |
Total estimated amortization expense | $ | 373 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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