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Intangible Assets Acquired Through Business Combinations and Goodwill
12 Months Ended
Jan. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Acquired Through Business Combinations and Goodwill Intangible Assets Acquired Through Business Combinations and Goodwill
Intangible Assets Acquired Through Business Combinations
Intangible assets acquired through business combinations were as follows (in millions):
Intangible Assets, GrossAccumulated AmortizationIntangible Assets, NetWeighted
Average
Remaining Useful Life (Years)
January 31, 2022Additions and retirements, net (1)January 31, 2023January 31, 2022Expense and retirements, netJanuary 31, 2023January 31, 2022January 31, 2023January 31, 2023
Acquired developed technology$5,633 $(789)$4,844 $(2,263)$(208)$(2,471)$3,370 $2,373 3.8
Customer relationships6,995 (304)6,691 (1,662)(500)(2,162)5,333 4,529 6.7
Other (2)345 (42)303 (70)(10)(80)275 223 5.5
Total$12,973 $(1,135)$11,838 $(3,995)$(718)$(4,713)$8,978 $7,125 5.7
(1) The Company retired $1.2 billion of fully depreciated intangible assets during fiscal 2023, of which $826 million were included in acquired developed technology and $366 million were included in customer relationships.
(2) Included in other are in-place leases, trade names, trademarks and territory rights.
Amortization of intangible assets resulting from business combinations for fiscal 2023, 2022 and 2021 was $2.0 billion, $1.6 billion and $1.1 billion, respectively.
The expected future amortization expense for intangible assets as of January 31, 2023 was as follows (in millions):
Fiscal Period:
Fiscal 2024$1,869 
Fiscal 20251,597 
Fiscal 20261,355 
Fiscal 2027990 
Fiscal 2028616 
Thereafter698 
Total amortization expense$7,125 
Goodwill
Goodwill represents the excess of the purchase price in a business combination over the fair value of net assets acquired.
The changes in the carrying amounts of goodwill, which is generally not deductible for tax purposes, were as follows (in millions):
Balance at January 31, 2021$26,318 
Slack21,161 
Acumen337 
Other acquisitions and adjustments (1)121 
Balance as of January 31, 2022$47,937 
Traction on Demand293 
Other acquisitions and adjustments (1)338 
Balance as of January 31, 2023$48,568 
(1) Adjustments include measurement period adjustments for business combinations from the prior year, including approximately $249 million in fiscal 2023 related to the Company’s July 2021 acquisition of Slack Technologies, Inc. (“Slack”) and the effect of foreign currency translation.