Goodwill and Other Intangible Assets

9 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

5. Goodwill and Other Intangible Assets

Goodwill

The following table summarizes the changes in 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	4,181		—		—		4,181


Balance at March 31, 2025	$	7,736	$	—	$	1,170	$	8,906

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

The increase in the Pharma segment goodwill is due to the ION and GIA acquisitions that occurred during the nine months ended March 31, 2025. Goodwill recognized in connection with these acquisitions primarily represent the expected benefits from the expected growth from new customers, the assembled workforce of the acquired entities and synergies of integrating these businesses. Substantially all of the goodwill recorded is expected to be nondeductible for income tax purposes.

During the nine months ended March 31, 2025, we did not identify any indicators of impairment within our reporting units.

We performed interim quantitative goodwill impairment testing for GMPD at September 30, 2023 and March 31, 2024, which resulted in pre-tax goodwill impairment charges of $585 million and $90 million, respectively. 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:


	March 31, 2025
(in millions)	Gross Intangible		Accumulated Amortization		Net Intangible		Weighted- Average Remaining Amortization Period (Years)
Indefinite-life intangibles:
Trademarks and patents	$	13	$	—	$	13	N/A
Total indefinite-life intangibles	13		—		13		N/A

Definite-life intangibles:
Customer relationships	3,640		2,574		1,066		11
Trademarks, trade names and patents	896		439		457		8
Customer contracts	235		4		231		16
Developed technology and other	1,027		711		316		7
Non-Competition Agreements	44		19		25		4
Total definite-life intangibles	5,842		3,747		2,095		10
Total other intangible assets	$	5,855	$	3,747	$	2,108	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

The increase in definite-life intangibles is due to the acquisitions of ION and GIA. See Note 2, for additional information on the acquisitions of ION and GIA. Total amortization of intangible assets was $77 million and $64 million for the three months ended March 31, 2025 and 2024, respectively, and $214 million and $191 million for the nine months ended March 31, 2025 and 2024, respectively. Estimated annual amortization of intangible assets for the remainder of fiscal 2025 through 2029 is as follows: $82 million, $308 million, $285 million, $256 million and $249 million.