Following are the changes in the carrying value of acquired intangible assets for fiscal 2025:
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(Dollars in millions) |
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Customer
related |
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Software
related |
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Marketing
related |
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Others* |
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Total |
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Gross carrying value as of April 1, 2024 |
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304 |
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134 |
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42 |
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94 |
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574 |
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Additions during the period |
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— |
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17 |
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— |
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— |
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17 |
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Acquisition through business combination (Refer note no. 2.10) |
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212 |
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— |
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20 |
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— |
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232 |
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Deletions |
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— |
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— |
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— |
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— |
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— |
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Translation differences |
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— |
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— |
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(1 |
) |
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— |
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(1 |
) |
Gross carrying value as of March 31, 2025 |
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516 |
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151 |
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61 |
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94 |
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822 |
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Accumulated amortization as of April 1, 2024 |
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(219 |
) |
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(93 |
) |
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(28 |
) |
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(67 |
) |
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(407 |
) |
Amortization expense # |
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(62 |
) |
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(10 |
) |
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(6 |
) |
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(13 |
) |
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(91 |
) |
Deletions |
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— |
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— |
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— |
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— |
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— |
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Translation differences |
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— |
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— |
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(1 |
) |
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— |
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(1 |
) |
Accumulated amortization as of March 31, 2025 |
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(281 |
) |
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(103 |
) |
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(35 |
) |
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(80 |
) |
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(499 |
) |
Carrying value as of March 31, 2025 |
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235 |
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|
48 |
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26 |
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|
14 |
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|
323 |
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Carrying value as of April 1, 2024 |
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85 |
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|
41 |
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|
14 |
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27 |
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|
167 |
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Estimated Useful Life (in years) |
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1-15 |
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3-10 |
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3-10 |
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3-7 |
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Estimated Remaining Useful Life (in years) |
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1-9 |
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1-4 |
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1-6 |
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1-3 |
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#During the year ended March 31, 2025, a decline in the revenue estimates led to the carrying value of the customer related intangibles assets recognized on business combination exceeding the estimated recoverable amount. Consequently, the Company has recognized $22 million as the excess of carrying value over the estimated recoverable value for the year ended March 31, 2025. * Majorly includes intangibles related to vendor relationships Following are the changes in the carrying value of acquired intangible assets for fiscal 2024:
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(Dollars in millions) |
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Customer
related |
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Software
related |
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Marketing
related |
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Others* |
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Total |
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Gross carrying value as of April 1, 2023 |
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307 |
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|
127 |
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|
42 |
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|
94 |
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|
570 |
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Additions during the period |
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— |
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9 |
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— |
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— |
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9 |
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Translation differences |
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(3 |
) |
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(2 |
) |
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— |
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— |
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(5 |
) |
Gross carrying value as of March 31, 2024 |
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|
304 |
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|
134 |
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|
42 |
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|
94 |
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|
574 |
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Accumulated amortization as of April 1, 2023 |
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(196 |
) |
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(85 |
) |
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(24 |
) |
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(52 |
) |
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(357 |
) |
Amortization expense |
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(24 |
) |
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(9 |
) |
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(4 |
) |
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(15 |
) |
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(52 |
) |
Translation differences |
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1 |
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|
1 |
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— |
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— |
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2 |
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Accumulated amortization as of March 31, 2024 |
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|
(219 |
) |
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|
(93 |
) |
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|
(28 |
) |
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|
(67 |
) |
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|
(407 |
) |
Carrying value as of March 31, 2024 |
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|
85 |
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|
41 |
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|
14 |
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|
27 |
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|
167 |
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Carrying value as of April 1, 2023 |
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111 |
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|
42 |
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|
18 |
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|
42 |
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|
213 |
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Estimated Useful Life (in years) |
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1-15 |
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|
3-10 |
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|
3-10 |
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|
3-7 |
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Estimated Remaining Useful Life (in years) |
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1-10 |
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1-5 |
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1-6 |
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1-4 |
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* Majorly includes intangibles related to vendor relationships Following are the changes in the carrying value of acquired intangible assets for fiscal 2023:
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(Dollars in millions) |
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Customer
related |
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Software
related |
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|
Marketing
related |
|
|
Others* |
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Total |
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Gross carrying value as of April 1, 2022 |
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|
274 |
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|
121 |
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|
40 |
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|
90 |
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|
525 |
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Additions during the period |
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— |
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8 |
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— |
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— |
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8 |
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Acquisition through business combination (Refer Note 2.10) |
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|
34 |
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|
– |
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3 |
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|
4 |
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|
41 |
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Translation differences |
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|
(1 |
) |
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(2 |
) |
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(1 |
) |
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– |
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(4 |
) |
Gross carrying value as of March 31, 2023 |
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|
307 |
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|
127 |
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|
42 |
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|
94 |
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|
570 |
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Accumulated amortization as of April 1, 2022 |
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|
(169 |
) |
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|
(75 |
) |
|
|
(19 |
) |
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|
(37 |
) |
|
|
(300 |
) |
Amortization expense |
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|
(29 |
) |
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|
(10 |
) |
|
|
(6 |
) |
|
|
(15 |
) |
|
|
(60 |
) |
Translation differences |
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|
2 |
|
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|
— |
|
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|
1 |
|
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|
— |
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|
3 |
|
Accumulated amortization as of March 31, 2023 |
|
|
(196 |
) |
|
|
(85 |
) |
|
|
(24 |
) |
|
|
(52 |
) |
|
|
(357 |
) |
Carrying value as of March 31, 2023 |
|
|
111 |
|
|
|
42 |
|
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|
18 |
|
|
|
42 |
|
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|
213 |
|
Carrying value as of April 1, 2022 |
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|
105 |
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|
46 |
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|
21 |
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|
53 |
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|
225 |
|
Estimated Useful Life (in years) |
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1-15 |
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|
3-10 |
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|
3-10 |
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|
3-7 |
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|
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|
Estimated Remaining Useful Life (in years) |
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1-11 |
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|
1-6 |
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|
1-7 |
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|
1-5 |
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* Majorly includes intangibles related to vendor relationships
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