Intangible Assets

9 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Intangible assets consisted of the following:

	As of December 31, 2021
(in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Software	$	4,129	$	3,013	$	1,116
Customer related intangible assets	4,173		1,910		2,263
Other intangible assets	270		74		196
Total intangible assets	$	8,572	$	4,997	$	3,575

	As of March 31, 2021
(in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Software	$	4,014	$	2,733	$	1,281
Customer related intangible assets	4,212		1,641		2,571
Other intangible assets	239		48		191
Total intangible assets	$	8,465	$	4,422	$	4,043

The components of amortization expense were as follows:

	Three Months Ended				Nine Months Ended
(in millions)	December 31, 2021		December 31, 2020		December 31, 2021		December 31, 2020
Intangible asset amortization	$	212	$	224	$	649	$	735
Transition and transformation contract cost amortization(1)	56		66		166		194
Total amortization expense	$	268	$	290	$	815	$	929

(1)Transition and transformation contract costs are included within other assets on the balance sheet.

Estimated future amortization related to intangible assets as of December 31, 2021 is as follows:

Fiscal Year	(in millions)
Remainder of 2022	$	248
2023	$	774
2024	$	674
2025	$	559
2026	$	515