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Goodwill And Acquisition-Related Intangibles, Net
12 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Acquisition-Related Intangibles, Net
(8) GOODWILL AND ACQUISITION-RELATED INTANGIBLES, NET
The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2021 are as follows (in millions):
As of
March 31, 2020
ActivityEffects of Foreign Currency Translation
As of
March 31, 2021
Goodwill$2,253 $984 $(1)$3,236 
Accumulated impairment(368)— — (368)
Total$1,885 $984 $(1)$2,868 

The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2020 are as follows (in millions):
As of
March 31, 2019
ActivityEffects of Foreign Currency Translation
As of
March 31, 2020
Goodwill$2,260 $— $(7)$2,253 
Accumulated impairment(368)— — (368)
Total$1,892 $— $(7)$1,885 
Acquisition-related intangibles consisted of the following (in millions):
 
As of March 31, 2021
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$691 $(472)$219 $474 $(450)$24 
Trade names and trademarks188 (144)44 161 (132)29 
Registered user base and other intangibles(5)— (5)— 
Carrier contracts and related85 (85)— 85 (85)— 
In-process research and development46 — 46 — — — 
Total$1,015 $(706)$309 $725 $(672)$53 
The fair value of acquisition-related intangible assets acquired in the Codemasters acquisition was $293 million, of which $219 million was allocated to developed and core technology, $47 million was allocated to in-process research and development, and $27 million was allocated to trade names and trademarks. In-process research and development assets are considered indefinite-lived until complete. Excluding the in-process research and development assets, the weighted-average useful life of the Codemasters’ acquired intangible assets was approximately 3.8 years.
Amortization of intangibles for the fiscal years ended March 31, 2021, 2020 and 2019 are classified in the Consolidated Statements of Operations as follows (in millions):
 Year Ended March 31,
 202120202019
Cost of revenue$$12 $
Operating expenses30 22 23 
Total$34 $34 $27 
There were no impairment charges for acquisition-related intangible assets during fiscal years 2021, 2020 and 2019.
Acquisition-related intangible assets are generally amortized using the straight-line method over the lesser of their estimated useful lives or the agreement terms, currently from 2 to 6 years. As of March 31, 2021 and 2020, the weighted-average remaining useful life for acquisition-related intangible assets was approximately 3.5 and 2.4 years, respectively.
As of March 31, 2021, future amortization of finite-lived acquisition-related intangibles that will be recorded in the Consolidated Statements of Operations is estimated as follows (in millions):
Fiscal Year Ending March 31, 
2022$113 
202395 
202454 
202526 
2026 and thereafter21 
Total$309