McKesson 2015 Annual Report Download - page 96

Download and view the complete annual report

Please find page 96 of the 2015 McKesson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 146

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146

McKESSON CORPORATION
FINANCIAL NOTES (Continued)
12. Property, Plant and Equipment, Net
March 31,
(In millions) 2015 2014
Land $ 207 $ 221
Building, machinery, equipment and other 3,237 3,155
Total property, plant and equipment 3,444 3,376
Accumulated depreciation (1,399) (1,180)
Property, plant and equipment, net $ 2,045 $ 2,196
13. 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, 2013 $4,413 $1,992 $6,405
Goodwill acquired 3,649 — 3,649
Amount reclassified to assets held-for-sale (1) (127) (128)
Acquisition accounting, transfers and other adjustments 13 (12) 1
Foreign currency translation adjustments, net 4 (4) —
Balance, March 31, 2014 $8,078 $1,849 $9,927
Goodwill acquired 93 — 93
Amount reclassified to assets held-for-sale (14) (1) (15)
Acquisition accounting, transfers and other adjustments 625 — 625
Foreign currency translation adjustments, net (788) (25) (813)
Balance, March 31, 2015 $7,994 $1,823 $9,817
As of March 31, 2015 and 2014, the accumulated goodwill impairment losses were $36 million in our
Technology Solutions segment.
Information regarding intangible assets is as follows:
March 31, 2015 March 31, 2014
(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 8 $2,683 $(1,116) $1,567 $3,235 $ (863) $2,372
Service agreements 15 957 (215) 742 995 (173) 822
Pharmacy licenses 26 874 (65) 809 1,219 (11) 1,208
Trademarks and trade names 15 315 (82) 233 367 (59) 308
Technology 3 213 (184) 29 219 (173) 46
Other 4 162 (101) 61 166 (51) 115
Total $5,204 $(1,763) $3,441 $6,201 $(1,330) $4,871
91