Intangible Assets, net (Tables)

6 Months Ended

Sep. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

A reconciliation of the activity affecting intangible assets, net is as follows:


(In thousands)	Indefinite- Lived Trademarks		Finite-Lived Trademarks and Customer Relationships		Totals
Gross Carrying Amounts
Balance — March 31, 2026	$	2,143,675	$	450,130	$	2,593,805

Additions (a)	798,466		270,954		1,069,420


Effects of foreign currency exchange rates	670		246		916
Balance — September 30, 2026	$	2,942,811	$	721,330	$	3,664,141

Accumulated Amortization
Balance — March 31, 2026	$	—	$	294,200	$	294,200

Additions	—		12,808		12,808

Effects of foreign currency exchange rates	—		74		74
Balance — September 30, 2026	$	—	$	307,082	$	307,082

Intangible assets, net - September 30, 2026	$	2,942,811	$	414,248	$	3,357,059

(a) On June 12, 2026, we completed the acquisition of the OTC Wellness Business. In connection with this acquisition, we allocated $948.4 million to intangible assets. On July 1, 2026, we completed the acquisition of LaCorium Health. In connection with this acquisition, we allocated $121.0 million to intangible assets. See Note 2. Acquisitions.

Schedule of Intangible Asset, Finite-Lived, and Capitalized Cost, Software to be Sold, Leased, or Marketed, Estimated Amortization Expense

Finite-lived intangible assets are expected to be amortized over their estimated useful life, which ranges from a period of 10 to 24 years, and the estimated amortization expense for each of the five succeeding years and the periods thereafter is as follows:


(In thousands)
Year Ending March 31,	Amount
2027 (remaining six months ended March 31, 2027)	$	15,291
2028	28,722
2029	28,709
2030	28,569
2031	28,539
Thereafter	284,418
	$	414,248