Goodwill And Acquisition-Related Intangibles, Net

3 Months Ended

Jun. 30, 2022

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 three months ended June 30, 2022 are as follows (in millions):

	As of March 31, 2022		Activity		Effects of Foreign Currency Translation		As of June 30, 2022
Goodwill	$	5,755	$	—	$	(5)	$	5,750
Accumulated impairment	(368)		—		—		(368)
Total	$	5,387	$	—	$	(5)	$	5,382

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

	As of June 30, 2022						As of March 31, 2022
	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	$	(683)	$	419	$	1,102	$	(643)	$	459
Trade names and trademarks	609		(234)		375		609		(212)		397
Registered user base and other intangibles	56		(37)		19		56		(30)		26
Total finite-lived acquisition-related intangibles	$	1,767	$	(954)	$	813	$	1,767	$	(885)	$	882
Indefinite-lived acquisition-related intangibles
In-process research and development	$	80	$	—	$	80	$	80	$	—	$	80
Total acquisition-related intangibles, net	$	1,847	$	(954)	$	893	$	1,847	$	(885)	$	962

Amortization of intangibles, including impairments for the three months ended June 30, 2022 and 2021 are classified in the Condensed Consolidated Statements of Operations as follows (in millions):

	Three Months Ended June 30,
	2022		2021
Cost of revenue	$	30	$	22
Operating expenses	39		40
Total	$	69	$	62

During the three months ended June 30, 2022, there were no impairment charges for acquisition-related intangible assets. During the three months ended June 30, 2021, 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 ranging from 1 to 7 years. As of June 30, 2022 and March 31, 2022, the weighted-average remaining useful life for acquisition-related intangible assets was approximately 5.1 and 5.2 years, respectively.

As of June 30, 2022, 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,
2023 (remaining nine months)	$	176
2024	159
2025	125
2026	122
2027	102
2028	99
2029 and thereafter	30
Total	$	813