Intangible Assets Intangible assets consisted of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2022 | | As of March 31, 2022 | (in millions) | | Gross Carrying Value | | Accumulated Amortization | | Net Carrying Value | | Gross Carrying Value | | Accumulated Amortization | | Net Carrying Value | Software | | $ | 3,999 | | | $ | 3,198 | | | $ | 801 | | | $ | 4,063 | | | $ | 3,039 | | | $ | 1,024 | | Customer related | | 3,891 | | | 2,140 | | | 1,751 | | | 4,148 | | | 1,995 | | | 2,153 | | Other | | 309 | | | 120 | | | 189 | | | 291 | | | 90 | | | 201 | | Total intangible assets | | $ | 8,199 | | | $ | 5,458 | | | $ | 2,741 | | | $ | 8,502 | | | $ | 5,124 | | | $ | 3,378 | |
The components of amortization expense were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | (in millions) | | December 31, 2022 | | December 31, 2021 | | December 31, 2022 | | December 31, 2021 | Intangible asset amortization | | $ | 201 | | | $ | 212 | | | $ | 598 | | | $ | 649 | | Transition and transformation contract cost amortization(1) | | 51 | | | 56 | | | 156 | | | 166 | | Total amortization expense | | $ | 252 | | | $ | 268 | | | $ | 754 | | | $ | 815 | |
(1)Transition and transformation contract costs are included within other assets on the balance sheet.
Estimated future amortization related to intangible assets as of December 31, 2022 is as follows:
| | | | | | | | | Fiscal Year | | (in millions) | Remainder of 2023 | | $ | 232 | | 2024 | | 706 | | 2025 | | 591 | | 2026 | | 526 | | 2027 | | 383 | | Thereafter | | 303 | | Total | | $ | 2,741 | |
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