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Goodwill and Intangible Assets, Net (Tables)
12 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill
Changes in the carrying amount of goodwill were as follows:
(In millions)
U.S. Pharmaceutical (1)
Prescription Technology SolutionsMedical-Surgical SolutionsInternationalTotal
Balance, March 31, 2022$3,923 $1,542 $2,453 $1,533 $9,451 
Goodwill acquired (2)
160 463 — 628 
Foreign currency translation adjustments, net(21)— — (99)(120)
Other adjustments(12)— — — (12)
Balance, March 31, 20234,050 2,005 2,453 1,439 9,947 
Goodwill acquired (2)
80 19 83 13 195 
Foreign currency translation adjustments, net— — — (3)(3)
Other adjustments(7)— — — (7)
Balance, March 31, 2024$4,123 $2,024 $2,536 $1,449 $10,132 
(1)Subsequent to the sale of the E.U. disposal group in October 2022, the goodwill balance allocated to the U.S. Pharmaceutical segment related to McKesson Europe’s Celesio AG acquisition no longer reflects foreign currency translation adjustments as its functional currency was changed from Euros to U.S. dollars with the completion of this divestiture.
(2)For fiscal 2023, primarily represents goodwill recognized from the acquisition of RxSS and formation of SCRI Oncology, as further discussed in Financial Note 2, “Business Acquisitions and Divestitures.” For fiscal 2024, represents goodwill recognized from business acquisitions completed primarily during the fourth quarter of fiscal 2024 that are immaterial to the Company’s financial statements, both individually and collectively.
Schedule of information regarding intangible assets
Information regarding intangible assets were as follows:
March 31, 2024March 31, 2023
(Dollars in millions)Weighted-
Average
Remaining
Amortization
Period
(Years)
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships11$1,830 $(701)$1,129 $2,971 $(1,765)$1,206 
Service agreements101,126 (676)450 1,137 (623)514
Trademarks and trade names12759 (395)364 833(430)403
Technology10284 (125)159 264(129)135
Other634 (26)193(174)19
Total (1)
$4,033 $(1,923)$2,110 $5,398 $(3,121)$2,277 
(1)During the third quarter of fiscal 2024, the Company performed a review of its intangible assets and removed from the balance sheet $1.4 billion of fully amortized gross intangible assets and the corresponding accumulated amortization associated with the assets that no longer provide an economic benefit, are no longer in use, or for which the related contract has expired.