v3.26.1
INTANGIBLE ASSETS INCLUDING GOODWILL (Tables)
 12 Months Ended
Mar. 31, 2026
INTANGIBLE ASSETS INCLUDING GOODWILL  
Intangible asset balances by major asset class

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At March 31, 2026

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At March 31, 2025

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  ​ ​ ​

Gross Carrying

  ​ ​ ​

Accumulated

  ​ ​ ​

Net Carrying

 

Gross Carrying

  ​ ​ ​

Accumulated

  ​ ​ ​

Net Carrying

(Dollars in millions)

  ​ ​ ​

Amount

  ​ ​ ​

Amortization

  ​ ​ ​

Amount

 

Amount

  ​ ​ ​

Amortization

  ​ ​ ​

Amount

Capitalized software

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$

175

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$

(59)

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$

116

​

$

216

​

$

(76)

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$

141

Customer relationships*

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116

​

 

(77)

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39

​

 

121

​

 

(60)

​

 

61

Completed technology

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13

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(5)

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8

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13

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(2)

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11

Patents and trademarks*

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14

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(12)

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2

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15

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(10)

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5

Total

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$

318

​

$

(153)

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$

165

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$

365

​

$

(148)

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$

218

* Amounts include effects from foreign currency translation.

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Intangible assets, future amortization expense

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Capitalized

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Customer

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Completed

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Patents and

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(Dollars in millions)

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Software

  ​ ​ ​

Relationships

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Technology

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Trademarks

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Total

Year ending March 31:

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2027

​

$

34

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$

18

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$

3

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$

2

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$

57

2028

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​

33

​

​

5

​

​

3

​

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—

​

 

40

2029

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​

27

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5

​

​

3

​

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—

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35

2030

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​

16

​

​

4

​

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—

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—

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20

2031

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6

​

​

4

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—

​

​

—

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10

Thereafter

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—

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4

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—

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—

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4

Changes in goodwill balances by reportable segment

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United

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Principal

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Strategic

​

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(Dollars in millions)

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States

  ​ ​ ​

Japan

  ​ ​ ​

Markets

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Markets

  ​ ​ ​

Total

Balance as of March 31, 2024

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$

—

​

$

488

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$

141

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$

176

​

$

805

Acquisitions and (Divestitures)*

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$

11

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$

—

​

$

(27)

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$

—

​

$

(15)

Translation Adjustments

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—

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1

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—

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—

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1

Reallocation

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—

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—

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(23)

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23

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—

Balance as of March 31, 2025

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$

11

​

$

489

​

$

92

​

$

198

​

$

790

Translation Adjustments

​

$

—

​

$

(4)

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$

—

​

$

—

​

$

(4)

Balance as of March 31, 2026

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$

11

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$

484

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$

92

​

$

198

​

$

786

*

Represents the goodwill acquired as part of the purchase of Skytap and the removal of goodwill related to the divestiture of the SIS platform using the relative fair value approach. See Note 10 – Acquisitions and Divestitures for additional details.