Goodwill and Intangible Assets, Net

3 Months Ended

Jun. 30, 2011

Goodwill and Intangible Assets, Net [Abstract]

5. Goodwill and Intangible Assets, Net

Changes in the carrying amount of goodwill were as follows:


	Distribution		Technology
(In millions)	Solutions		Solutions		Total

Balance, March 31, 2011	$	2,662	$	1,702	$	4,364
Goodwill acquired		—		72		72
Foreign currency translation adjustments		—		3		3

Balance, June 30, 2011	$	2,662	$	1,777	$	4,439

Information regarding intangible assets is as follows:


	June 30, 2011									March 31, 2011
	Weighted
	Average
	Remaining		Gross					Net		Gross					Net
	Amortization		Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
(In millions)	Period (years)		Amount		Amortization			Amount		Amount		Amortization			Amount

Customer lists		7	$	1,076	$	(472	)	$	604	$	1,057	$	(444	)	$	613
Service agreements		17		688		(22	)		666		723		(11	)		712
Trademarks and trade names		14		79		(33	)		46		76		(31	)		45
Technology		4		223		(175	)		48		204		(170	)		34
Other		9		76		(26	)		50		76		(24	)		52

Total			$	2,142	$	(728	)	$	1,414	$	2,136	$	(680	)	$	1,456

Amortization expense of intangible assets was $48 million and $28 million for the quarters ended June 30, 2011 and 2010. Estimated annual amortization expense of these assets is as follows: $190 million, $172 million, $158 million, $140 million and $119 million for 2012 through 2016 and $683 million thereafter. All intangible assets were subject to amortization as of June 30, 2011 and March 31, 2011.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details