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Intangible Assets and Goodwill (Tables)
12 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Intangible assets consist of the following (in millions):
 
 
March 31, 2019
 
 
Gross Amount
 
Accumulated Amortization
 
Net Amount
Core and developed technology
 
$
7,413.0

 
$
(1,112.9
)
 
$
6,300.1

Customer-related
 
917.1

 
(544.0
)
 
373.1

In-process research and development
 
7.7

 

 
7.7

Distribution rights
 
0.3

 
(0.2
)
 
0.1

Other
 
7.3

 
(2.7
)
 
4.6

Total
 
$
8,345.4

 
$
(1,659.8
)
 
$
6,685.6


 
 
March 31, 2018
 
 
Gross Amount
 
Accumulated Amortization
 
Net Amount
Core and developed technology
 
$
1,952.3

 
$
(644.4
)
 
$
1,307.9

Customer-related
 
716.9

 
(375.9
)
 
341.0

In-process research and development
 
12.1

 

 
12.1

Distribution rights
 
0.3

 
(0.1
)
 
0.2

Other
 
1.5

 
(0.7
)
 
0.8

Total
 
$
2,683.1

 
$
(1,021.1
)
 
$
1,662.0


Projected Amortization Expense The following is an expected amortization schedule for the intangible assets for fiscal 2020 through fiscal 2024, absent any future acquisitions or impairment charges (in millions):

Fiscal Year Ending
March 31,
Projected Amortization
Expense
2020
$1,005.8
2021
$944.1
2022
$873.1
2023
$680.0
2024
$608.3

Goodwill Activity
Goodwill activity for fiscal 2019 and fiscal 2018 was as follows (in millions):
 
Semiconductor Products
Reporting Unit
 
Technology
Licensing
Reporting Unit
Balance at March 31, 2017 and 2018
$
2,279.8

 
$
19.2

Additions due to the acquisition of Microsemi
4,364.9

 

Balance at March 31, 2019
$
6,644.7

 
$
19.2