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Goodwill And Acquisition-Related Intangibles, Net
6 Months Ended
Sep. 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 six months ended September 30, 2021 are as follows (in millions):
As of
March 31, 2021
ActivityEffects of Foreign Currency Translation
As of
September 30, 2021
Goodwill$3,236 $2,591 $— $5,827 
Accumulated impairment(368)— — (368)
Total$2,868 $2,591 $— $5,459 
Acquisition-related intangibles consisted of the following (in millions):
 
As of September 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
Finite-lived acquisition-related intangibles
Developed and core technology$939 $(542)$397 $691 $(472)$219 
Trade names and trademarks393 (169)224 188 (144)44 
Registered user base and other intangibles18 (10)(5)— 
Carrier contracts and related85 (85)— 85 (85)— 
Playdemic acquired intangibles
354 — $354 — — — 
Total finite-lived acquisition-related intangibles$1,789 $(806)$983 $969 $(706)$263 
Indefinite-lived acquisition-related intangibles
In-process research and development
$97 $— $97 $46 $— $46 
Total acquisition-related intangibles, net$1,886 $(806)$1,080 $1,015 $(706)$309 
Due to the proximity of the closing date of the Playdemic acquisition to the balance sheet date of September 30, 2021, we included a provisional estimate of acquired intangibles as a separate line item in the above table. We currently estimate the weighted-average useful life of Playdemic’s acquired intangible assets to be approximately 7 years. See Note 6 for additional information on our acquisition of Playdemic.
Amortization of intangibles for the three and six months ended September 30, 2021 and 2020 are classified in the Condensed Consolidated Statements of Operations as follows (in millions):
Three Months Ended
September 30,
Six Months Ended
September 30,
2021202020212020
Cost of revenue$22 $— $44 $— 
Operating expenses30 70 11 
Total$52 $$114 $11 
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 7 years. As of September 30, 2021 and March 31, 2021, the weighted-average remaining useful life for acquisition-related intangible assets was approximately 5.4 and 3.5 years, respectively.
As of September 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 six months)$149 
2023216 
2024165 
2025121 
2026115 
202796 
2028 and thereafter121 
Total$983