Goodwill And Acquisition-Related Intangibles, Net

6 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Acquisition-Related Intangibles, Net

(6) GOODWILL AND ACQUISITION-RELATED INTANGIBLES, NET

The changes in the carrying amount of goodwill for the six months ended September 30, 2020 are as follows (in millions):

	As of March 31, 2020		Activity		Effects of Foreign Currency Translation		As of September 30, 2020
Goodwill	$	2,253	$	—	$	6	$	2,259
Accumulated impairment	(368)		—		—		(368)
Total	$	1,885	$	—	$	6	$	1,891

Goodwill represents the excess of the purchase price over the fair value of the underlying acquired net tangible and intangible assets.

Acquisition-related intangibles consisted of the following (in millions):

	As of September 30, 2020						As of March 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Acquisition- Related Intangibles, Net		Gross Carrying Amount		Accumulated Amortization		Acquisition- Related Intangibles, Net
Developed and core technology	$	474	$	(456)	$	18	$	474	$	(450)	$	24
Trade names and trademarks	161		(137)		24		161		(132)		29
Registered user base and other intangibles	5		(5)		—		5		(5)		—
Carrier contracts and related	85		(85)		—		85		(85)		—
Total	$	725	$	(683)	$	42	$	725	$	(672)	$	53

Amortization of intangibles for the three and six months ended September 30, 2020 and 2019 are classified in the Condensed Consolidated Statements of Operations as follows (in millions):

	Three Months Ended September 30,				Six Months Ended September 30,
	2020		2019		2020		2019
Cost of revenue	$	—	$	2	$	—	$	4
Operating expenses	6		6		11		11
Total	$	6	$	8	$	11	$	15

Acquisition-related intangible assets are amortized using the straight-line method over the lesser of their estimated useful lives or the agreement terms, currently from 1 to 5 years. As of September 30, 2020 and March 31, 2020, the weighted-average remaining useful life for acquisition-related intangible assets was approximately 1.9 and 2.4 years, respectively.

As of September 30, 2020, future amortization of finite-lived acquisition-related intangibles that will be recorded in the Condensed Consolidated Statements of Operations is estimated as follows (in millions):

Fiscal Year Ending March 31,
2021 (remaining six months)	$	11
2022	22
2023	9
2024 and thereafter	—
Total	$	42