Goodwill and Purchased Intangible Assets

3 Months Ended

Oct. 28, 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 October 28, 2023 and during the first quarter of fiscal 2024 (in millions):



	Balance at July 29, 2023		Acquisitions		Foreign Currency Translation and Other		Balance at October 28, 2023
Americas	$	24,035	$	381	$	(156)	$	24,260
EMEA	9,118		126		(59)		9,185
APJC	5,382		108		(35)		5,455
Total	$	38,535	$	615	$	(250)	$	38,900

(b)Purchased Intangible Assets

The following table presents details of our intangible assets acquired through acquisitions completed during the first quarter of fiscal 2024 (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	4.8	$	280	4.8	$	58	1.0	$	2	$	14	$	354

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


October 28, 2023	Gross		Accumulated Amortization		Net
Purchased intangible assets with finite lives:
Technology	$	3,051	$	(1,654)	$	1,397
Customer relationships	1,186		(870)		316
Other	42		(25)		17
Total purchased intangible assets with finite lives	4,279		(2,549)		1,730
In-process research and development, with indefinite lives	184		—		184
Total	$	4,463	$	(2,549)	$	1,914


July 29, 2023	Gross		Accumulated Amortization		Net
Purchased intangible assets with finite lives:
Technology	$	2,998	$	(1,691)	$	1,307
Customer relationships	1,228		(905)		323
Other	40		(22)		18
Total purchased intangible assets with finite lives	4,266		(2,618)		1,648
In-process research and development, with indefinite lives	170		—		170
Total	$	4,436	$	(2,618)	$	1,818

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
	October 28, 2023		October 29, 2022
Amortization of purchased intangible assets:
Cost of sales	$	186	$	158
Operating expenses	67		71
Total	$	253	$	229

The estimated future amortization expense of purchased intangible assets with finite lives as of October 28, 2023 is as follows (in millions):


Fiscal Year	Amount
2024 (remaining nine months)	$	684
2025	$	573
2026	$	225
2027	$	140
2028	$	98
Thereafter	$	10