Acquired Intangible Assets

6 Months Ended

Jan. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Acquired Intangible Assets

5. Acquired Intangible Assets

The following table shows the cost, accumulated amortization, and weighted-average life in years for our acquired intangible assets at the dates indicated. The weighted-average lives are calculated for assets that are not fully amortized.

(Dollars in millions)	Customer Lists / User Relationships		Purchased Technology		Trade Names and Logos		Covenants Not to Compete or Sue		Total
At January 31, 2024:
Cost	$	6,197	$	1,616	$	680	$	41	$	8,534
Accumulated amortization	(1,392)		(830)		(167)		(41)		(2,430)
Acquired intangible assets, net	$	4,805	$	786	$	513	$	—	$	6,104
Weighted-average life in years	14		9		13		0		13
At July 31, 2023:
Cost	$	6,197	$	1,616	$	680	$	42	$	8,535
Accumulated amortization	(1,178)		(756)		(140)		(42)		(2,116)
Acquired intangible assets, net	$	5,019	$	860	$	540	$	—	$	6,419
Weighted-average life in years	14		8		13		0		13

The following table shows the expected future amortization expense for our acquired intangible assets at January 31, 2024. Amortization of purchased technology is charged to amortization of acquired technology in our condensed consolidated statements of operations. Amortization of other acquired intangible assets, such as customer lists, is charged to amortization of other acquired intangible assets in our condensed consolidated statements of operations. If impairment events occur, they could accelerate the timing of acquired intangible asset charges.

(In millions)	Expected Future Amortization Expense
Twelve months ending July 31,
2024 (excluding the six months ended January 31, 2024)	$	312
2025	623
2026	620
2027	594
2028	581
Thereafter	3,374
Total expected future amortization expense	$	6,104