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Goodwill And Acquisition-Related Intangibles, Net
12 Months Ended
Mar. 31, 2022
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, 2022 are as follows (in millions):
As of
March 31, 2021
ActivityEffects of Foreign Currency Translation
As of
March 31, 2022
Goodwill$3,236 $2,519 $— $5,755 
Accumulated impairment(368)— — (368)
Total$2,868 $2,519 $— $5,387 
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 
Acquisition-related intangibles consisted of the following (in millions):
 
As of March 31, 2022
As of March 31, 2021
 Gross
Carrying
Amount
Accumulated
Amortization and Impairments
Acquisition-
Related
Intangibles, Net
Gross
Carrying
Amount
Accumulated
Amortization and Impairments
Acquisition-
Related
Intangibles, Net
Finite-lived acquisition-related intangibles
Developed and core technology$1,102 $(643)$459 $691 $(472)$219 
Trade names and trademarks609 (212)397 188 (144)44 
Registered user base and other intangibles56 (30)26 (5)— 
Carrier contracts and related— — — 85 (85)— 
Total finite-lived acquisition-related intangibles$1,767 $(885)$882 $969 $(706)$263 
Indefinite-lived acquisition-related intangibles
In-process research and development
$80 $— $80 $46 $— $46 
Total acquisition-related intangibles, net$1,847 $(885)$962 $1,015 $(706)$309 
Amortization of intangibles, including impairments, for the fiscal years ended March 31, 2022, 2021 and 2020 are classified in the Consolidated Statements of Operations as follows (in millions):
 Year Ended March 31,
 202220212020
Cost of revenue$133 $$12 
Operating expenses183 30 22 
Total$316 $34 $34 
During fiscal year 2022, we recorded impairment charges of $45 million for acquisition-related intangible assets, of which $34 million was recorded within operating expenses and $11 million was recorded within cost of revenue. During fiscal year 2021 and 2020, there were no impairment charges for acquisition-related intangible assets.
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 ranging from 1 to 7 years. As of March 31, 2022 and 2021, the weighted-average remaining useful life for acquisition-related intangible assets was approximately 5.2 and 3.5 years, respectively.
As of March 31, 2022, 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, 
2023$244 
2024159 
2025126 
2026122 
2027102 
Thereafter129 
Total$882