Goodwill, Capitalized Software and Other Intangible Assets

9 Months Ended

Dec. 31, 2011

Goodwill, Capitalized Software and Other Intangible Assets [Abstract]

GOODWILL, CAPITALIZED SOFTWARE AND OTHER INTANGIBLE ASSETS

NOTE G – GOODWILL, CAPITALIZED SOFTWARE AND OTHER INTANGIBLE ASSETS

The gross carrying amounts and accumulated amortization for capitalized software and other intangible assets at December 31, 2011 were approximately $7,763 million and $6,337 million, respectively. These amounts include fully amortized intangible assets of approximately $5,686 million, which were composed of purchased software of approximately $4,731 million, internally developed software products of approximately $552 million and other identified intangible assets subject to amortization of approximately $403 million. The gross carrying amounts and accumulated amortization for identified intangible assets that were not fully amortized were as follows:

	At December 31, 2011
	Gross Amortizable Assets		Accumulated Amortization		Net Assets
	(in millions)
Purchased software products	$	897	$	203	$	694
Capitalized development cost and other intangibles:
Internally developed software products		771		242		529
Other identified intangible assets subject to amortization		409		206		203
Total capitalized software and other intangible assets	$	2,077	$	651	$	1,426

The gross carrying amounts and accumulated amortization for capitalized software and other intangible assets at March 31, 2011 were approximately $7,417 million and $6,133 million, respectively. These amounts included fully amortized assets of approximately $5,290 million, which were composed of purchased software of approximately $4,662 million, internally developed software products of approximately $508 million and other identified intangible assets subject to amortization of approximately $120 million. The gross carrying amounts and accumulated amortization for identified intangible assets that were not fully amortized were as follows:

	At March 31, 2011
	Gross Amortizable Assets		Accumulated Amortization		Net Assets
	(in millions)
Purchased software products Capitalized development cost and other intangibles:	$	768	$	198	$	570
Internally developed software products		693		205		488
Other identified intangible assets subject to amortization		652		440		212
Other identified intangible assets not subject to amortization		14		—		14
Total capitalized software costs and other intangible assets	$	2,127	$	843	$	1,284

Based on the capitalized software and other identified intangible assets recorded through December 31, 2011, the projected annual amortization expense for fiscal year 2012 and over the next four fiscal years is expected to be as follows:

	Year Ended March 31,
	2012		2013		2014		2015		2016
	(in millions)
Capitalized software:
Purchased	$	103	$	106	$	98	$	87	$	86
Internally developed		115		143		128		103		72
Other identified intangible assets subject to amortization		65		54		48		40		26
Total	$	283	$	303	$	274	$	230	$	184

Goodwill activity for the nine months ended December 31, 2011 was as follows:

(in millions)
Balance at March 31, 2011	$	5,688
Revisions to purchase price allocation of prior year acquisitions		(2	)
Balance at March 31, 2011 as revised		5,686
Amounts allocated to loss on discontinued operations		(7	)
Acquisitions		180
Foreign currency translation adjustment		(3	)
Balance at December 31, 2011	$	5,856