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Intangible Assets Acquired Through Business Combinations and Goodwill
6 Months Ended
Jul. 31, 2020
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 are as follows (in millions):
Intangible Assets, GrossAccumulated AmortizationIntangible Assets, NetWeighted
Average
Remaining Useful Life (Years)
January 31, 2020Additions and retirements, netJuly 31, 2020January 31, 2020Expense and retirements, net July 31, 2020January 31, 2020July 31, 2020July 31, 2020
Acquired developed technology$3,598 $185 $3,783 $(1,249)$(325)$(1,574)$2,349 $2,209 3.6
Customer relationships3,252 316 3,568 (888)(218)(1,106)2,364 2,462 7.2
Other (1)72 6 78 (61)(12)(73)11 5 3.7
Total$6,922 $507 $7,429 $(2,198)$(555)$(2,753)$4,724 $4,676 5.5
(1) Included in other are in-place leases, trade names, trademarks and territory rights.
Amortization of intangible assets resulting from business combinations for three months ended July 31, 2020 and 2019 was $284 million and $127 million, respectively, and for the six months ended July 31, 2020 and 2019 was $555 million and $256 million, respectively.
The expected future amortization expense for intangible assets as of July 31, 2020 is as follows (in millions):
Fiscal Period:
Remaining six months of fiscal 2021$568 
Fiscal 20221,076 
Fiscal 2023921 
Fiscal 2024833 
Fiscal 2025568 
Thereafter710 
Total amortization expense$4,676 
Customer contract assets acquired through business combinations
Customer contract assets resulting from business combinations reflects the fair value of future billings of amounts that are contractually committed by acquired companies' existing customers as of the acquisition date. Customer contract assets are amortized over the corresponding contract terms. Customer contract assets resulting from business combinations were $67 million and $93 million as of July 31, 2020 and January 31, 2020, respectively, and are included in other assets on the condensed consolidated balance sheets.
Goodwill
Goodwill represents the excess of the purchase price in a business combination over the fair value of net assets acquired. Goodwill amounts are not amortized, but are rather tested for impairment at least annually during the fourth quarter.
The changes in the carrying amounts of goodwill, which is generally not deductible for tax purposes, were as follows (in millions):
Balance as of January 31, 2020$25,134 
Evergage74 
Vlocity1,024 
Other acquisitions and adjustments (1)69 
Balance as of July 31, 2020$26,301 
(1) Adjustments include measurement period adjustments for business combinations from the prior year and the effect of foreign currency translation.