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McKESSON CORPORATION
FINANCIAL NOTES (Continued)
77
10. Property, Plant and Equipment, Net
March 31,
(In millions) 2012 2011
Land $ 68 $ 70
Building, machinery, equipment and other 2,107 1,973
Total property, plant and equipment 2,175 2,043
Accumulated depreciation (1,132) (1,052)
Property, plant and equipment, net $ 1,043 $ 991
11. Goodwill and Intangible Assets, Net
Changes in the carrying amount of goodwill were as follows:
(In millions)
Distribution
Solutions
Technology
Solutions Total
Balance, March 31, 2010 $ 1,871 $ 1,697 $ 3,568
Goodwill acquired 819 8 827
Acquisition accounting and other adjustments (32) (13) (45)
Foreign currency translation adjustments 4 10 14
Balance, March 31, 2011 $ 2,662 $ 1,702 $ 4,364
Goodwill acquired 511 151 662
Acquisition accounting and other adjustments 20 —20
Foreign currency translation adjustments (3) (11) (14)
Balance, March 31, 2012 $3,190 $ 1,842 $ 5,032
Information regarding intangible assets is as follows:
March 31, 2012 March 31, 2011
(Dollars in millions)
Weighted
Average
Remaining
Amortization
Period
(Years)
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer lists 7 $ 1,081 $ (554) $ 527 $ 1,057 $ (444) $ 613
Service agreements 18 1,022 (52) 970 723 (11) 712
Trademarks and trade names 18 192 (38) 154 76 (31) 45
Technology 4 244 (190) 54 204 (170) 34
Other 8 76 (31) 45 76 (24) 52
Total $ 2,615 $ (865) $ 1,750 $ 2,136 $ (680) $ 1,456
Amortization expense of intangible assets was $191 million, $132 million and $121 million for 2012, 2011 and
2010. Estimated annual amortization expense of intangible assets is as follows: $200 million, $186 million,
$166 million, $142 million and $122 million for 2013 through 2017, and $934 million thereafter. All intangible
assets were subject to amortization as of March 31, 2012 and 2011.