INTANGIBLE ASSETS INCLUDING GOODWILL (Tables)

12 Months Ended

Mar. 31, 2023

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 consists of $16 million of patents and trademarks and $91 million of customer relationships.

Intangible asset balances by major asset class

	At March 31, 2023
	Gross Carrying		Accumulated		Net Carrying
(Dollars in millions)	Amount		Amortization		Amount
Capitalized software	$	83	$	(15)	$	68
Customer relationships*		232		(141)		91
Completed technology		20		(20)		—
Patents and trademarks*		18		(6)		13
Total	$	353	$	(182)	$	171

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

	At December 31, 2021
	Gross Carrying		Accumulated		Net Carrying
(Dollars in millions)	Amount		Amortization		Amount
Capitalized software	$	16	$	(13)	$	3
Customer relationships		130		(97)		33
Completed technology		20		(20)		—
Patents and trademarks		2		(2)		—
Total	$	169	$	(132)	$	36

* Amounts 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:
2024	$	18	$	27	$	3	$	49
2025		19		24		3		46
2026		17		20		3		41
2027		14		17		3		34
2028		—		1		—		1
Thereafter		—		1		—		1

Changes in goodwill balances by reportable segment

Goodwill

The following table presents a roll-forward of goodwill balances by segment for the year ended March 31, 2023, the three months ended March 31, 2022 (transition period), and the year ended December 31, 2021:

			Foreign
			Currency								Additions				Additions
(Dollars in	Balance at		Translation						Balance at		and		Balance at		and		Balance at
millions)	January 1,		and Other		Re-allocation				December 31,		Other		March 31,		Other		March 31,
Segment	2021		Adjustments*		of Goodwill		Impairment		2021		Adjustments		2022		Adjustments*		2023
Americas	$	440	$	(10)	$	(431)	$	—	$	—	$	—	$	—	$	—	$	—
EMEA		288		5		—		(293)		—		—		—		—		—
Asia Pacific		78		(16)		(62)		—		—		—		—		—		—
Japan		424		(9)		—		—		415		91		506		(11)		495
United States		—		—		176		(176)		—		—		—		—		—
Principal Markets		—		1		141		—		142		—		142		—		142
Strategic Markets		—		—		176		—		176		—		176		—		176
Total	$	1,230	$	(29)		—	$	(469)	$	732	$	91	$	823	$	(11)	$	812

* Primarily driven by foreign currency translation.