Goodwill

9 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill

The following table summarizes the changes in the carrying amount of goodwill, by segment, as of December 31, 2020.

(in millions)	GBS		GIS		Total
Goodwill, gross	$	6,507	$	5,066	$	11,573
Accumulated impairment losses	(4,490)		(5,066)		(9,556)
Balance as of March 31, 2020, net	$	2,017	$	—	$	2,017
Acquisition related adjustments	18		—		18
Divestitures	(1,355)		—		(1,355)
Assets held for sale	(4)		—		(4)
Foreign currency translation	60		—		60
Goodwill, gross	5,226		5,066		10,292
Accumulated impairment losses	(4,490)		(5,066)		(9,556)
Balance as of December 31, 2020, net	$	736	$	—	$	736

The foreign currency translation amount reflects the impact of currency movements on non-U.S. dollar-denominated goodwill balances.

Goodwill Impairment Analyses

The Company tests goodwill for impairment on an annual basis, as of the first day of the second fiscal quarter, and between annual tests if circumstances change, or if an event occurs that would more likely than not reduce the fair value of a reporting unit below its carrying amount.

The Company's annual goodwill impairment analysis, which was performed qualitatively during the three months ended September 30, 2020, did not result in an impairment charge.

At the end of the third quarter of fiscal 2021, the Company assessed whether there were events or changes in circumstances that would more likely than not reduce the fair value of its GBS reporting unit below its carrying amount and require goodwill to be tested for impairment. The Company determined that there have been no such indicators and therefore, it was unnecessary to perform an interim goodwill impairment test as of December 31, 2020.