Goodwill

9 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes the changes in the carrying amount of goodwill, by segment, as of December 31, 2022.


(in millions)	GBS		GIS		Total
Goodwill, gross	$	5,107	$	5,066	$	10,173
Accumulated impairment losses	(4,490)		(5,066)		(9,556)
Balance as of March 31, 2022, net	$	617	$	—	$	617


Divestitures	(12)		—		(12)
Assets held for sale	(48)		—		(48)
Foreign currency translation	(22)		—		(22)
Balance as of December 31, 2022, net	$	535	$	—	$	535

Goodwill, gross	5,025		5,066		10,091
Accumulated impairment losses	(4,490)		(5,066)		(9,556)
Balance as of December 31, 2022, net	$	535	$	—	$	535

The foreign currency translation amount reflects the impact of currency movements on non-U.S. dollar-denominated goodwill balances.

On December 31, 2022, with the classification of the FDB Business as held for sale, $48 million in goodwill was transferred to assets held for sale on the balance sheet. See Note 2 – “Divestitures” for additional information.