Intangible Assets (Tables)

3 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Amortizable Intangible Assets

Intangible assets consisted of the following:

	As of June 30, 2023						As of March 31, 2023
(in millions)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Software	$	4,046	$	3,366	$	680	$	4,009	$	3,290	$	719
Customer related intangible assets	3,940		2,353		1,587		3,927		2,260		1,667
Other intangible assets	304		130		174		303		120		183
Total intangible assets	$	8,290	$	5,849	$	2,441	$	8,239	$	5,670	$	2,569

Schedule of Components of Amortization Expense

The components of amortization expense were as follows:

	Three Months Ended
(in millions)	June 30, 2023		June 30, 2022
Intangible assets amortization	$	183	$	199
Transition and transformation contract cost amortization(1)	48		52
Total amortization expense	$	231	$	251

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

Estimated Future Amortization of Intangible Assets

Estimated future amortization related to intangible assets as of June 30, 2023 is as follows:

Fiscal Year	(in millions)
Remainder of 2024	$	538
2025	593
2026	530
2027	397
2028	173
Thereafter	210
Total	$	2,441