Goodwill and Purchased Intangible Assets

9 Months Ended

Apr. 29, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Purchased Intangible Assets

(a)Goodwill

The following table presents the goodwill allocated to our reportable segments as of April 29, 2023 and during the first nine months of fiscal 2023 (in millions):



	Balance at July 30, 2022		Acquisitions & Divestitures		Foreign Currency Translation and Other		Balance at April 29, 2023
Americas	$	23,882	$	31	$	11	$	23,924
EMEA	9,062		11		4		9,077
APJC	5,360		5		3		5,368
Total	$	38,304	$	47	$	18	$	38,369

(b)Purchased Intangible Assets

The following table presents details of our intangible assets acquired through acquisitions completed during the first nine months of fiscal 2023 (in millions, except years):


	FINITE LIVES									INDEFINITE LIVES		TOTAL
	TECHNOLOGY			CUSTOMER RELATIONSHIPS			OTHER			IPR&D
	Weighted- Average Useful Life (in Years)	Amount		Weighted- Average Useful Life (in Years)	Amount		Weighted- Average Useful Life (in Years)	Amount		Amount		Amount
Total acquisitions (two in total)	4.0	$	55	1.0	$	1	—	$	—	$	—	$	56

The following tables present details of our purchased intangible assets (in millions):


April 29, 2023	Gross		Accumulated Amortization		Net
Purchased intangible assets with finite lives:
Technology	$	2,873	$	(1,541)	$	1,332
Customer relationships	1,259		(880)		379
Other	40		(20)		20
Total purchased intangible assets with finite lives	4,172		(2,441)		1,731
In-process research and development, with indefinite lives	235		—		235
Total	$	4,407	$	(2,441)	$	1,966


July 30, 2022	Gross		Accumulated Amortization		Net
Purchased intangible assets with finite lives:
Technology	$	2,631	$	(1,102)	$	1,529
Customer relationships	1,354		(769)		585
Other	41		(16)		25
Total purchased intangible assets with finite lives	4,026		(1,887)		2,139
In-process research and development, with indefinite lives	430		—		430
Total	$	4,456	$	(1,887)	$	2,569

Purchased intangible assets include intangible assets acquired through acquisitions as well as through direct purchases or licenses.

The following table presents the amortization of purchased intangible assets, including impairment charges (in millions):


	Three Months Ended				Nine Months Ended
	April 29, 2023		April 30, 2022		April 29, 2023		April 30, 2022
Amortization of purchased intangible assets:
Cost of sales	$	160	$	180	$	476	$	583
Operating expenses	70		92		212		255
Total	$	230	$	272	$	688	$	838

The estimated future amortization expense of purchased intangible assets with finite lives as of April 29, 2023 is as follows (in millions):


Fiscal Year	Amount
2023 (remaining three months)	$	238
2024	$	832
2025	$	460
2026	$	119
2027	$	55
Thereafter	$	27