Following are the changes in the carrying value of acquired intangible assets for fiscal 2024:
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(Dollars in millions) |
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Customer
related |
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Software
related |
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Marketing
related |
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Others* |
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Total |
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Gross carrying value as of April 1, 2023 |
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307 |
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127 |
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|
42 |
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|
94 |
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|
570 |
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Additions during the period |
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— |
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9 |
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— |
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— |
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9 |
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Translation differences |
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(3 |
) |
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(2 |
) |
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— |
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— |
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(5 |
) |
Gross carrying value as of March 31, 2024 |
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304 |
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|
134 |
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|
42 |
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|
94 |
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|
574 |
|
Accumulated amortization as of April 1, 2023 |
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|
(196 |
) |
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(85 |
) |
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(24 |
) |
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(52 |
) |
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(357 |
) |
Amortization expense |
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(24 |
) |
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(9 |
) |
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(4 |
) |
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(15 |
) |
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(52 |
) |
Translation differences |
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1 |
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1 |
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— |
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— |
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2 |
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Accumulated amortization as of March 31, 2024 |
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|
(219 |
) |
|
|
(93 |
) |
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|
(28 |
) |
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|
(67 |
) |
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|
(407 |
) |
Carrying value as of March 31, 2024 |
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|
85 |
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|
|
41 |
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|
14 |
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|
27 |
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|
|
167 |
|
Carrying value as of April 1, 2023 |
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|
111 |
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|
42 |
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|
18 |
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|
42 |
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|
|
213 |
|
Estimated Useful Life (in years) |
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1-15 |
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|
3-10 |
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|
3-10 |
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|
3-7 |
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Estimated Remaining Useful Life (in years) |
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1-10 |
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|
1-5 |
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|
1-6 |
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|
1-4 |
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* Majorly includes intangibles related to vendor relationships Following are the changes in the carrying value of acquired intangible assets for fiscal 2023:
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(Dollars in millions) |
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Customer
related |
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|
Software
related |
|
|
Marketing
related |
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|
Others* |
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Total |
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Gross carrying value as of April 1, 2022 |
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|
274 |
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|
121 |
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|
40 |
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|
90 |
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|
525 |
|
Additions during the period |
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— |
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8 |
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— |
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— |
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|
8 |
|
Acquisition through business combination (Refer Note 2.10) |
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|
34 |
|
|
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— |
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|
|
3 |
|
|
|
4 |
|
|
|
41 |
|
Translation differences |
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|
(1 |
) |
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|
(2 |
) |
|
|
(1 |
) |
|
|
— |
|
|
|
(4 |
) |
Gross carrying value as of March 31, 2023 |
|
|
307 |
|
|
|
127 |
|
|
|
42 |
|
|
|
94 |
|
|
|
570 |
|
Accumulated amortization as of April 1, 2022 |
|
|
(169 |
) |
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|
(75 |
) |
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|
(19 |
) |
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|
(37 |
) |
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|
(300 |
) |
Amortization expense |
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|
(29 |
) |
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|
(10 |
) |
|
|
(6 |
) |
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|
(15 |
) |
|
|
(60 |
) |
Translation differences |
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|
2 |
|
|
|
— |
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|
1 |
|
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— |
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|
3 |
|
Accumulated amortization as of March 31, 2023 |
|
|
(196 |
) |
|
|
(85 |
) |
|
|
(24 |
) |
|
|
(52 |
) |
|
|
(357 |
) |
Carrying value as of March 31, 2023 |
|
|
111 |
|
|
|
42 |
|
|
|
18 |
|
|
|
42 |
|
|
|
213 |
|
Carrying value as of April 1, 2022 |
|
|
105 |
|
|
|
46 |
|
|
|
21 |
|
|
|
53 |
|
|
|
225 |
|
Estimated Useful Life (in years) |
|
1-15 |
|
|
3-10 |
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|
3-10 |
|
|
3-7 |
|
|
|
|
Estimated Remaining Useful Life (in years) |
|
1-11 |
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|
1-6 |
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|
1-7 |
|
|
1-5 |
|
|
|
|
* Majorly includes intangibles related to vendor relationships Following are the changes in the carrying value of acquired intangible assets for fiscal 2022:
|
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|
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|
(Dollars in millions) |
|
|
|
Customer
related |
|
|
Software
related |
|
|
Marketing
related |
|
|
Others* |
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|
Total |
|
Gross carrying value as of April 1, 2021 |
|
|
282 |
|
|
|
112 |
|
|
|
40 |
|
|
|
91 |
|
|
|
525 |
|
Additions during the period |
|
|
— |
|
|
|
11 |
|
|
|
— |
|
|
|
— |
|
|
|
11 |
|
Translation differences |
|
|
(8 |
) |
|
|
(2 |
) |
|
|
— |
|
|
|
(1 |
) |
|
|
(11 |
) |
Gross carrying value as of March 31, 2022 |
|
|
274 |
|
|
|
121 |
|
|
|
40 |
|
|
|
90 |
|
|
|
525 |
|
Accumulated amortization as of April 1, 2021 |
|
|
(139 |
) |
|
|
(67 |
) |
|
|
(14 |
) |
|
|
(22 |
) |
|
|
(242 |
) |
Amortization expense |
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|
(32 |
) |
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|
(9 |
) |
|
|
(5 |
) |
|
|
(16 |
) |
|
|
(62 |
) |
Translation differences |
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|
2 |
|
|
|
1 |
|
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|
— |
|
|
|
1 |
|
|
|
4 |
|
Accumulated amortization as of March 31, 2022 |
|
|
(169 |
) |
|
|
(75 |
) |
|
|
(19 |
) |
|
|
(37 |
) |
|
|
(300 |
) |
Carrying value as of March 31, 2022 |
|
|
105 |
|
|
|
46 |
|
|
|
21 |
|
|
|
53 |
|
|
|
225 |
|
Carrying value as of April 1, 2021 |
|
|
143 |
|
|
|
45 |
|
|
|
26 |
|
|
|
69 |
|
|
|
283 |
|
Estimated Useful Life (in years) |
|
1-15 |
|
|
3-10 |
|
|
3-10 |
|
|
3-7 |
|
|
|
|
Estimated Remaining Useful Life (in years) |
|
1-12 |
|
|
1-7 |
|
|
1-8 |
|
|
1-6 |
|
|
|
|
* Majorly includes intangibles related to vendor relationships
|