Goodwill and Other Intangible Assets

3 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

5. Goodwill and Other Intangible Assets

Goodwill

The following table summarizes the carrying amount of goodwill by segment and in total:

(in millions)	Pharmaceutical and Specialty Solutions		Global Medical Products and Distribution		Other (1)		Total
Balance at June 30, 2024	$	3,555	$	—	$	1,170	$	4,725
Goodwill acquired, net of purchase price adjustments	—		—		—		—
Balance at September 30, 2024	$	3,555	$	—	$	1,170	$	4,725

(1)Comprised of the remaining operating segments, Nuclear and Precision Health Solutions, at-Home Solutions and OptiFreight® Logistics.

During the three months ended September 30, 2023, we performed interim quantitative goodwill impairment testing for GMPD. This quantitative testing resulted in the carrying amount of GMPD exceeding the fair value, resulting in a pre-tax impairment charge of $585 million. GMPD goodwill was fully impaired during the third quarter of fiscal 2024.

Other Intangible Assets

The following tables summarize other intangible assets by class at:

	September 30, 2024
(in millions)	Gross Intangible		Accumulated Amortization		Net Intangible		Weighted- Average Remaining Amortization Period (Years)
Indefinite-life intangibles:
Trademarks and patents	$	12	$	—	$	12	N/A
Total indefinite-life intangibles	12		—		12		N/A
Definite-life intangibles:
Customer relationships	3,651		2,495		1,156		11
Trademarks, trade names and patents	562		415		147		7
Developed technology and other	1,047		699		348		7
Total definite-life intangibles	5,260		3,609		1,651		10
Total other intangible assets	$	5,272	$	3,609	$	1,663	N/A

	June 30, 2024
(in millions)	Gross Intangible		Accumulated Amortization		Net Intangible
Indefinite-life intangibles:
Trademarks and patents	$	12	$	—	$	12
Total indefinite-life intangibles	12		—		12
Definite-life intangibles:
Customer relationships	3,628		2,431		1,197
Trademarks, trade names and patents	561		408		153
Developed technology and other	1,047		684		363
Total definite-life intangibles	5,236		3,523		1,713
Total other intangible assets	$	5,248	$	3,523	$	1,725

Total amortization of intangible assets was $68 million and $64 million for the three months ended September 30, 2024 and 2023, respectively. Estimated annual amortization of intangible assets for the remainder of fiscal 2025 through 2029 is as follows: $200 million, $246 million, $219 million, $191 million, and $186 million.