Goodwill and Intangible Assets

12 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill was $2,399 million and $2,405 million as of March 31, 2026 and March 31, 2025, respectively. The $6 million decrease in the carrying amount of goodwill was attributable to the Company's sale of contracts in the third quarter of fiscal 2026.

Intangible Assets

Intangible assets consisted of the following:


	March 31, 2026						March 31, 2025
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Amortizable intangible assets:
Customer contracts and related customer relationships	$	619	$	365	$	254	$	619	$	305	$	314
Software	202		137		65		168		109		59
Total amortizable intangible assets	$	821	$	502	$	319	$	787	$	414	$	373
Unamortizable intangible assets:
Trade name	$	190	$	—	$	190	$	190	$	—	$	190
Total	$	1,011	$	502	$	509	$	977	$	414	$	563

Amortization expense for fiscal 2026, 2025, and 2024 was $95 million, $95 million, and $93 million, respectively.

The following table summarizes the estimated annual amortization expense for future periods:


For the Fiscal Year Ended March 31,
2027	$	81
2028	65
2029	53
2030	42
2031	35
Thereafter	43
Total estimated amortization expense	$	319