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Intangible Assets Acquired Through Business Combinations and Goodwill
12 Months Ended
Jan. 31, 2022
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, 2021Additions and retirements, netJanuary 31, 2022January 31, 2021Expense and retirements, netJanuary 31, 2022January 31, 2021January 31, 2022January 31, 2022
Acquired developed technology$3,305 $2,328 $5,633 $(1,427)$(836)$(2,263)$1,878 $3,370 3.7
Customer relationships3,510 3,485 6,995 (1,279)(383)(1,662)2,231 5,333 6.6
Other (1)45 300 345 (40)(30)(70)275 5.5
Total$6,860 $6,113 $12,973 $(2,746)$(1,249)$(3,995)$4,114 $8,978 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 the fiscal years ended January 31, 2022, 2021 and 2020 was $1.6 billion, $1.1 billion, and $0.8 billion, respectively. The Company retired $377 million of fully depreciated intangible assets during fiscal 2022, of which $61 million were included in acquired developed technology and $314 million were included in customer relationships.
The expected future amortization expense for intangible assets as of January 31, 2022 was as follows (in millions):
Fiscal Period:
Fiscal 2023$1,931 
Fiscal 20241,844 
Fiscal 20251,573 
Fiscal 20261,340 
Fiscal 2027978 
Thereafter1,312 
Total amortization expense$8,978 
Customer Contract Assets Acquired Through Business Combinations
Customer contract assets resulting from business combinations reflect 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 assumed contract terms. Customer contract assets resulting from business combinations were $79 million and $42 million as of January 31, 2022 and 2021, respectively, and are included in other assets on the consolidated balance sheets.
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, 2020$25,134 
Evergage74 
Vlocity1,024 
Other acquisitions and adjustments (1)86 
Balance as of January 31, 202126,318 
Slack21,161 
Acumen337 
Other acquisitions and adjustments (1)121 
Balance as of January 31, 2022$47,937 
(1) Adjustments include measurement period adjustments for business combinations from the prior year and the effect of foreign currency translation.