Intangible Assets

3 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Intangible assets consisted of the following:

	As of June 30, 2022
(in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Software	$	4,025	$	3,071	$	954
Customer related intangible assets	3,985		2,016		1,969
Other intangible assets	293		99		194
Total intangible assets	$	8,303	$	5,186	$	3,117

	As of March 31, 2022
(in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Software	$	4,063	$	3,039	$	1,024
Customer related intangible assets	4,148		1,995		2,153
Other intangible assets	291		90		201
Total intangible assets	$	8,502	$	5,124	$	3,378

The components of amortization expense were as follows:

	Three Months Ended
(in millions)	June 30, 2022		June 30, 2021
Intangible assets amortization	$	199	$	215
Transition and transformation contract cost amortization(1)	52		49
Total amortization expense	$	251	$	264

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

Estimated future amortization related to intangible assets as of June 30, 2022 is as follows:

Fiscal Year	(in millions)
Remainder of 2023	$	600
2024	$	666
2025	$	564
2026	$	520
2027	$	383
Thereafter	$	384