v3.26.1
Intangible Assets and Goodwill (Tables)
 3 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Finite-Lived Intangible Assets
Net amounts excluding fully amortized intangible assets, consist of the following (in millions):
June 30, 2026
Gross AmountAccumulated AmortizationNet Amount
Core and developed technology$7,060.9 $(5,301.6)$1,759.3 
Customer-related202.5 (168.5)34.0 
In-process research and development7.0 — 7.0 
Software licenses302.5 (101.4)201.1 
Total$7,572.9 $(5,571.5)$2,001.4 

March 31, 2026
Gross AmountAccumulated AmortizationNet Amount
Core and developed technology$7,039.6 $(5,212.9)$1,826.7 
Customer-related202.5 (165.3)37.2 
In-process research and development7.0 — 7.0 
Software licenses285.9 (123.4)162.5 
Total$7,535.0 $(5,501.6)$2,033.4 
Schedule of Indefinite Lived Intangible Assets
Net amounts excluding fully amortized intangible assets, consist of the following (in millions):
June 30, 2026
Gross AmountAccumulated AmortizationNet Amount
Core and developed technology$7,060.9 $(5,301.6)$1,759.3 
Customer-related202.5 (168.5)34.0 
In-process research and development7.0 — 7.0 
Software licenses302.5 (101.4)201.1 
Total$7,572.9 $(5,571.5)$2,001.4 

March 31, 2026
Gross AmountAccumulated AmortizationNet Amount
Core and developed technology$7,039.6 $(5,212.9)$1,826.7 
Customer-related202.5 (165.3)37.2 
In-process research and development7.0 — 7.0 
Software licenses285.9 (123.4)162.5 
Total$7,535.0 $(5,501.6)$2,033.4 
Schedule of Projected Amortization Expense
The following is an expected amortization schedule for the intangible assets for the remainder of fiscal 2027 through fiscal 2031, absent any future acquisitions or impairment charges (in millions):
Fiscal Year Ending March 31,Amortization Expense
2027$358.0 
2028$365.6 
2029$294.0 
2030$264.4 
2031$236.6 
Schedule of Amortization Expense by Intangible Asset Class Amortization expense attributed to intangible assets are assigned to cost of sales and operating expenses as follows (in millions):
Three Months Ended June 30,
20262025
Amortization expense charged to cost of sales$5.1 $5.2 
Amortization expense charged to operating expense113.8 126.4 
Total amortization expense$118.9 $131.6 
Schedule of Goodwill Activity
The following shows the goodwill balance as of June 30, 2026 and March 31, 2026 by segment (in millions):
Semiconductor Products Reporting UnitTechnology Licensing Reporting Unit
Goodwill$6,676.3 $19.2 

At March 31, 2026, the Company applied a qualitative goodwill impairment test to its two reporting units, and concluded that goodwill was not impaired. Through June 30, 2026, the Company has never recorded a goodwill impairment charge.