Business combinations (Tables)

12 Months Ended

Mar. 31, 2024

Disclosure of detailed information about business combination [abstract]

Summary of Purchase Price Allocation

The purchase price is allocated to assets acquired and liabilities assumed based upon determination of fair values at the dates of acquisition as follows:


						(Dollars in millions)
Component		Acquiree's carrying amount				Fair value adjustments				Purchase price allocated
Net assets(1)			12				—				12
Intangible assets
Customer contracts and relationships			—				34				34
Vendor relationships			—				4				4
Brand			—				3				3
Deferred tax liabilities on intangible assets			—				(10	)			(10	)
			12				31				43
Goodwill											79
Total purchase price											122

(1) Includes cash and cash equivalents acquired of $3 million