INTANGIBLE ASSETS AND GOODWILL

6 Months Ended

Nov. 30, 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 November 30, 2019 and May 31, 2019 were as follows:

	Intangible Assets, Gross						Accumulated Amortization									Intangible Assets, Net				Weighted Average Useful Life⁽²⁾
(Dollars in millions)	May 31, 2019		Additions & Adjustments, net⁽¹⁾		November 30, 2019		May 31, 2019			Expense			November 30, 2019			May 31, 2019		November 30, 2019		Weighted Average Useful Life⁽²⁾
Developed technology	$	5,406	$	17	$	5,423	$	(3,467	)	$	(415	)	$	(3,882	)	$	1,939	$	1,541		5
Cloud services and license support agreements and related relationships		5,693		15		5,708		(2,711	)		(342	)		(3,053	)		2,982		2,655		4
Other		1,589		2		1,591		(1,231	)		(64	)		(1,295	)		358		296		4
Total intangible assets, net	$	12,688	$	34	$	12,722	$	(7,409	)	$	(821	)	$	(8,230	)	$	5,279	$	4,492

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

⁽²⁾	^{Represents weighted-average useful lives (in years) of intangible assets acquired during fiscal 2020.}

As of November 30, 2019, estimated future amortization expenses related to intangible assets were as follows (in millions):

Remainder of fiscal 2020	$	766
Fiscal 2021		1,347
Fiscal 2022		1,098
Fiscal 2023		675
Fiscal 2024		445
Fiscal 2025		126
Thereafter		35
Total intangible assets, net	$	4,492

The changes in the carrying amounts of goodwill, net, which is generally not deductible for tax purposes, for our operating segments for the six months ended November 30, 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 from acquisitions		74			—		—			74
Goodwill adjustments, net⁽¹⁾		(38	)		—		(5	)		(43	)
Balances as of November 30, 2019	$	39,669		$	2,367	$	1,774		$	43,810

⁽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.