v3.22.4
Intangible Assets and Goodwill
 9 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible assets consist of the following (in millions):
December 31, 2022
Gross AmountAccumulated AmortizationNet Amount
Core and developed technology$7,421.3 $(4,070.4)$3,350.9 
Customer-related199.8 (123.9)75.9 
In-process research and development5.7 — 5.7 
Software licenses210.6 (98.3)112.3 
Distribution rights and other0.3 (0.3)— 
Total$7,837.7 $(4,292.9)$3,544.8 

March 31, 2022
Gross AmountAccumulated AmortizationNet Amount
Core and developed technology$7,390.2 $(3,571.5)$3,818.7 
Customer-related200.3 (112.4)87.9 
In-process research and development6.4 — 6.4 
Software licenses191.2 (61.2)130.0 
Distribution rights and other0.4 (0.3)0.1 
Total$7,788.5 $(3,745.4)$4,043.1 

The following is an expected amortization schedule for the intangible assets for the remainder of fiscal 2023 through fiscal 2027, absent any future acquisitions or impairment charges (in millions):
Fiscal Year Ending March 31,Amortization Expense
2023$187.5 
2024$675.1 
2025$541.7 
2026$469.4 
2027$380.0 
The Company amortizes intangible assets over their expected useful lives, which range between 1 and 15 years. Amortization expense attributed to intangible assets are assigned to cost of sales and operating expenses as follows (in millions):
Three Months Ended December 31,Nine Months Ended December 31,
2022202120222021
Amortization expense charged to cost of sales$4.3 $3.2 $11.5 $9.1 
Amortization expense charged to operating expense184.4 232.5 553.1 691.4 
Total amortization expense$188.7 $235.7 $564.6 $700.5 

The Company recognized impairment charges of $1.4 million in the three and nine months ended December 31, 2022. There were no impairment charges in the three and nine months ended December 31, 2021.

The following shows the goodwill balance as of December 31, 2022, and March 31, 2022 by segment (in millions):
 Semiconductor Products Reporting UnitTechnology Licensing Reporting Unit
Goodwill$6,654.4 $19.2 
 
At March 31, 2022, the Company applied a qualitative goodwill impairment test to its two reporting units, concluding it was not more likely than not that goodwill was impaired. Through December 31, 2022, the Company has never recorded a goodwill impairment charge.