diff --git a/package-lock.json b/package-lock.json
index 5fca62a7bb6..24d34909d16 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -31754,7 +31754,7 @@
     },
     "packages/calcite-components": {
       "name": "@esri/calcite-components",
-      "version": "3.0.0-next.122",
+      "version": "3.0.0-next.123",
       "license": "SEE LICENSE.md",
       "dependencies": {
         "@arcgis/components-controllers": "^4.32.0-next.116",
@@ -31782,10 +31782,10 @@
     },
     "packages/calcite-components-react": {
       "name": "@esri/calcite-components-react",
-      "version": "3.0.0-next.122",
+      "version": "3.0.0-next.123",
       "license": "SEE LICENSE.md",
       "dependencies": {
-        "@esri/calcite-components": "3.0.0-next.122",
+        "@esri/calcite-components": "3.0.0-next.123",
         "@lit/react": "1.0.7"
       },
       "peerDependencies": {
diff --git a/packages/calcite-components-react/CHANGELOG.md b/packages/calcite-components-react/CHANGELOG.md
index 4d1de4a9f94..497087bd668 100644
--- a/packages/calcite-components-react/CHANGELOG.md
+++ b/packages/calcite-components-react/CHANGELOG.md
@@ -3,6 +3,10 @@
 All notable changes to this project will be documented in this file.
 See [Conventional Commits](https://conventionalcommits.org) for commit guidelines.
 
+## [3.0.0-next.123](https://github.com/Esri/calcite-design-system/compare/@esri/calcite-components-react@3.0.0-next.122...@esri/calcite-components-react@3.0.0-next.123) (2025-01-29)
+
+**Note:** Version bump only for package @esri/calcite-components-react
+
 ## [3.0.0-next.122](https://github.com/Esri/calcite-design-system/compare/@esri/calcite-components-react@3.0.0-next.121...@esri/calcite-components-react@3.0.0-next.122) (2025-01-29)
 
 **Note:** Version bump only for package @esri/calcite-components-react
diff --git a/packages/calcite-components-react/package.json b/packages/calcite-components-react/package.json
index dcaed765830..0e6e6548267 100644
--- a/packages/calcite-components-react/package.json
+++ b/packages/calcite-components-react/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@esri/calcite-components-react",
-  "version": "3.0.0-next.122",
+  "version": "3.0.0-next.123",
   "description": "A set of React components that wrap calcite components",
   "homepage": "https://developers.arcgis.com/calcite-design-system/",
   "repository": {
@@ -26,7 +26,7 @@
     "tsc": "tsc"
   },
   "dependencies": {
-    "@esri/calcite-components": "3.0.0-next.122",
+    "@esri/calcite-components": "3.0.0-next.123",
     "@lit/react": "1.0.7"
   },
   "peerDependencies": {
diff --git a/packages/calcite-components/CHANGELOG.md b/packages/calcite-components/CHANGELOG.md
index a06f3c4a589..9cb490da1e9 100644
--- a/packages/calcite-components/CHANGELOG.md
+++ b/packages/calcite-components/CHANGELOG.md
@@ -3,6 +3,12 @@
 All notable changes to this project will be documented in this file.
 See [Conventional Commits](https://conventionalcommits.org) for commit guidelines.
 
+## [3.0.0-next.123](https://github.com/Esri/calcite-design-system/compare/@esri/calcite-components@3.0.0-next.122...@esri/calcite-components@3.0.0-next.123) (2025-01-29)
+
+### Bug Fixes
+
+- **list:** drag event properties `newIndex` and `oldIndex` should only reflect list item indexes ([#11402](https://github.com/Esri/calcite-design-system/issues/11402)) ([b36f53e](https://github.com/Esri/calcite-design-system/commit/b36f53e066f89935030da287aa098cdc9ab0fe48)), closes [#11397](https://github.com/Esri/calcite-design-system/issues/11397)
+
 ## [3.0.0-next.122](https://github.com/Esri/calcite-design-system/compare/@esri/calcite-components@3.0.0-next.121...@esri/calcite-components@3.0.0-next.122) (2025-01-29)
 
 ### Bug Fixes
diff --git a/packages/calcite-components/package.json b/packages/calcite-components/package.json
index 9fd3a317790..d006d62a7ea 100644
--- a/packages/calcite-components/package.json
+++ b/packages/calcite-components/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@esri/calcite-components",
-  "version": "3.0.0-next.122",
+  "version": "3.0.0-next.123",
   "description": "Web Components for Esri's Calcite Design System.",
   "homepage": "https://developers.arcgis.com/calcite-design-system/",
   "repository": {