INTANGIBLE ASSETS AND GOODWILL

6 Months Ended

Nov. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

4.	INTANGIBLE ASSETS AND GOODWILL

The changes in intangible assets for fiscal 2022 and the net book value of intangible assets as of November 30, 2021 and May 31, 2021 were as follows:

	Intangible Assets, Gross							Accumulated Amortization									Intangible Assets, Net				Weighted Average Useful Life⁽²⁾
(Dollars in millions)	May 31, 2021		Additions & Adjustments, net⁽¹⁾			November 30, 2021		May 31, 2021			Expense			November 30, 2021			May 31, 2021		November 30, 2021		Weighted Average Useful Life⁽²⁾
Developed technology	$	4,237	$	59		$	4,296	$	(3,621	)	$	(252	)	$	(3,873	)	$	616	$	423		3
Cloud services and license support agreements and related relationships		5,497		(5	)		5,492		(3,834	)		(308	)		(4,142	)		1,663		1,350	N.A.
Other		1,269		—			1,269		(1,118	)		(43	)		(1,161	)		151		108	N.A.
Total intangible assets, net	$	11,003	$	54		$	11,057	$	(8,573	)	$	(603	)	$	(9,176	)	$	2,430	$	1,881

⁽¹⁾	Amounts also included 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 2022.

As of November 30, 2021, estimated future amortization expenses related to intangible assets were as follows (in millions):

Remainder of fiscal 2022	$	534
Fiscal 2023		716
Fiscal 2024		473
Fiscal 2025		124
Fiscal 2026		24
Fiscal 2027		6
Thereafter		4
Total intangible assets, net	$	1,881

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, 2021 were as follows:

(in millions)	Cloud and License		Hardware		Services			Total Goodwill, net
Balances as of May 31, 2021	$	39,786	$	2,367	$	1,782		$	43,935
Goodwill adjustments, net⁽¹⁾		172		—		(265	)		(93	)
Balances as of November 30, 2021	$	39,958	$	2,367	$	1,517		$	43,842

⁽¹⁾	Amounts include any changes in goodwill balances for the period presented that resulted from foreign currency translations and the realignment of an operating segment component.