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Goodwill
12 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
The following tables summarize the changes in the carrying amounts of goodwill, by segment, for the fiscal years ended March 31, 2025 and March 31, 2024, respectively:
(in millions)GBSGISTotal
Balance as of March 31, 2024, net
$532 $— $532 
Divestitures(3)— (3)
Foreign currency translation(3)— (3)
Balance as of March 31, 2025, net
$526 $— $526 
Goodwill, gross5,016 5,066 10,082 
Accumulated impairment losses(4,490)(5,066)(9,556)
Balance as of March 31, 2025, net
$526 $— $526 

(in millions)GBSGISTotal
Balance as of March 31, 2023, net
$539 $— $539 
Divestitures(3)— (3)
Foreign currency translation(4)— (4)
Balance as of March 31, 2024, net
$532 $— $532 
Goodwill, gross5,022 5,066 10,088 
Accumulated impairment losses(4,490)(5,066)(9,556)
Balance as of March 31, 2024, net
$532 $— $532 

Divestitures are described in Note 2 - "Divestitures." The foreign currency translation amount reflects the impact of currency movements on non-U.S. dollar-denominated goodwill balances.

Goodwill Impairment Analyses

For the Company’s annual goodwill impairment assessment performed as of July 1, 2024, the Company chose the option to bypass the initial qualitative assessment stage and proceed directly to the quantitative goodwill impairment test; the impairment analyses performed as of July 1, 2023 and 2022 were performed qualitatively. The analyses for each of these fiscal years did not result in an impairment charge. At the end of each fiscal year, the Company assessed whether there were events or changes in circumstances that would more likely than not reduce the fair value of any of its reporting units below its carrying amount and require goodwill to be tested for impairment. The Company determined that there have been no such indicators, and, therefore, it was unnecessary to perform an interim goodwill impairment test as of the end of each respective fiscal year.