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Goodwill And Acquisition-Related Intangibles, Net
 3 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Acquisition-Related Intangibles, Net
(7) GOODWILL AND ACQUISITION-RELATED INTANGIBLES, NET
The changes in the carrying amount of goodwill for the three months ended June 30, 2021 are as follows (in millions):
As of
March 31, 2021
ActivityEffects of Foreign Currency Translation
As of
June 30, 2021
Goodwill$3,236 $1,386 $2 $4,624 
Accumulated impairment(368)— — (368)
Total$2,868 $1,386 $2 $4,256 
Acquisition-related intangibles consisted of the following (in millions):
 
As of June 30, 2021
As of March 31, 2021
 Gross
Carrying
Amount		Accumulated
Amortization		Acquisition-
Related
Intangibles, Net		Gross
Carrying
Amount		Accumulated
Amortization		Acquisition-
Related
Intangibles, Net
Developed and core technology$989 $(507)$482 $691 $(472)$219 
Trade names and trademarks436 (155)281 188 (144)44 
Registered user base and other intangibles18 (7)11 5 (5)— 
Carrier contracts and related85 (85)— 85 (85)— 
In-process research and development135 — 135 46 — 46 
Total$1,663 $(754)$909 $1,015 $(706)$309 
The preliminary fair value of acquisition-related intangible assets acquired in the Glu acquisition was $657 million, of which $305 million was allocated to developed and core technology, $252 million was allocated to trade names and trademarks, $88 million was allocated to in-process research and development, and $12 million was allocated to registered user base and other intangibles. 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 Glu’s acquired intangible assets is currently estimated to be approximately 5.6 years.
Amortization of intangibles for the three months ended June 30, 2021 and 2020 are classified in the Condensed Consolidated Statements of Operations as follows (in millions):
Three Months Ended
June 30,
20212020
Cost of revenue$22 $— 
Operating expenses40 5 
Total$62 $5 
During the three months ended June 30, 2021, as part of the amortization of intangibles we recorded a $12 million impairment charge for acquisition-related intangible assets, which was recorded within operating expenses.
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 1 to 8 years. As of June 30, 2021 and March 31, 2021, the weighted-average remaining useful life for acquisition-related intangible assets was approximately 4.9 and 3.5 years, respectively.
As of June 30, 2021, 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, 
2022 (remaining nine months)$194 
2023228 
2024172 
2025100 
202680 
202762 
2028 and thereafter73 
Total$909