Other intangible assets

12 Months Ended

Jul. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Note 8. Other intangible assets

The Company's major categories of definite-lived intangible assets and the respective weighted average remaining useful lives consisted of the following:


		As of July 31, 2024		As of July 31, 2023
(In millions, except remaining useful life)	Weighted average remaining useful life (years)	Gross Carrying Amount	Accumulated Amortization	Gross Carrying Amount	Accumulated Amortization
Software	3	$300	($223)	$283	($197)
Customer relationships*	7	1,452	(855)	1,345	(750)
Tradenames and brands*	3	273	(224)	268	(200)
Other*	3	219	(189)	209	(175)
Total intangible assets		$2,244	($1,491)	$2,105	($1,322)
* Acquired intangible assets

Amortization expense of intangible assets for the year ended July 31, 2024 was $173 million (2023: $173 million and 2022: $161 million).

As of July 31, 2024, expected amortization expense for the unamortized definite-lived intangible assets for the next five fiscal years and thereafter is as follows:


			As of July 31,
(In millions)			2024
2025			$180
2026			145
2027			127
2028			106
2029			73
Thereafter			122
Total			$753

Impairments

In fiscal 2023, the Company recorded a non-cash charge of $107 million in connection with previously capitalized software costs in the United States. This item was included in the Impairments and other charges line of the Company’s consolidated statements of earnings. No such impairments were recorded in fiscal 2024.