INTANGIBLE ASSETS INCLUDING GOODWILL (Tables)

9 Months Ended

Dec. 31, 2022

INTANGIBLE ASSETS INCLUDING GOODWILL

Schedule total considerations transferred

	March 31,
(Dollars in millions)	2022
Cash consideration	$	107
Non-controlling interest		102
Total enterprise value	$	209
Cash acquired	$	59
Net liabilities assumed, excluding cash		(16)
Deferred tax liabilities arising from acquired intangibles		(32)
Intangible assets *		107
Goodwill		91
Total purchase price allocation	$	209

* Intangible assets acquired consist of $16 million of patents and trademarks and $91 million of customer relationships.

Intangible asset balances by major asset class

	At December 31, 2022						At March 31, 2022
	Gross Carrying		Accumulated		Net Carrying		Gross Carrying		Accumulated		Net Carrying
(Dollars in millions)	Amount		Amortization		Amount		Amount		Amortization		Amount
Capitalized software	$	61	$	(16)	$	45	$	16	$	(16)	$	1
Customer relationships*		232		(132)		100		229		(100)		129
Completed technology		20		(20)		—		20		(20)		—
Patents and trademarks*		18		(5)		13		18		(2)		16
Total	$	331	$	(173)	$	158	$	283	$	(138)	$	145

* Amounts at December 31, 2022 include effects from foreign currency translation.

Intangible assets, future amortization expense

	Capitalized		Customer		Patents and
(Dollars in millions)	Software		Relationships		Trademarks		Total
Year ending March 31:
2023 (remaining three months)	$	1	$	9	$	1	$	10
2024		12		27		3		43
2025		12		24		3		39
2026		10		20		3		34
2027		9		17		3		29
Thereafter		—		2		—		2

Changes in goodwill balances by reportable segment

			Additions and
(Dollars in millions)	Balance at		Other		Balance at
Segment	March 31, 2022		Adjustments*		December 31, 2022
United States	$	—	$	—	$	—
Japan		506		(10)		495
Principal Markets		142		—		142
Strategic Markets		176		—		176
Total	$	823	$	(10)	$	812

* Primarily related to foreign currency translation.