INTANGIBLE ASSETS AND GOODWILL

3 Months Ended

Aug. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

4.	INTANGIBLE ASSETS AND GOODWILL

The changes in intangible assets for fiscal 2020 and the net book value of intangible assets as of August 31, 2019 and May 31, 2019 were as follows:

	Intangible Assets, Gross							Accumulated Amortization									Intangible Assets, Net
(in millions)	May 31, 2019		Additions & Adjustments, net⁽¹⁾			August 31, 2019		May 31, 2019			Expense			August 31, 2019			May 31, 2019		August 31, 2019
Developed technology	$	5,406	$	—		$	5,406	$	(3,467	)	$	(211	)	$	(3,678	)	$	1,939	$	1,728
Cloud services and license support agreements and related relationships		5,693		(4	)		5,689		(2,711	)		(171	)		(2,882	)		2,982		2,807
Other		1,589		—			1,589		(1,231	)		(32	)		(1,263	)		358		326
Total intangible assets, net	$	12,688	$	(4	)	$	12,684	$	(7,409	)	$	(414	)	$	(7,823	)	$	5,279	$	4,861

⁽¹⁾	Amounts also include any changes in intangible asset balances for the periods presented that resulted from foreign currency translations.

As of August 31, 2019, estimated future amortization expenses related to intangible assets were as follows (in millions):

Remainder of fiscal 2020	$	1,167
Fiscal 2021		1,338
Fiscal 2022		1,090
Fiscal 2023		667
Fiscal 2024		440
Fiscal 2025		124
Thereafter		35
Total intangible assets, net	$	4,861

The changes in the carrying amounts of goodwill, net, which is generally not deductible for tax purposes, for our operating segments for the three months ended August 31, 2019 were as follows:

(in millions)	Cloud and License			Hardware		Services			Total Goodwill, net
Balances as of May 31, 2019	$	39,633		$	2,367	$	1,779		$	43,779
Goodwill adjustments, net⁽¹⁾		(41	)		—		(5	)		(46	)
Balances as of August 31, 2019	$	39,592		$	2,367	$	1,774		$	43,733

⁽¹⁾

Pursuant to our business combinations accounting policy, we recorded goodwill adjustments for the effects on goodwill of changes to net assets acquired during the period that such a change is identified, provided that any such change is within the measurement period (up to one year from the date of the acquisition). Amounts also include any changes in goodwill balances for the period presented that resulted from foreign currency translations.