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Goodwill and Purchased Intangible Assets
9 Months Ended
Apr. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Purchased Intangible Assets Goodwill and Purchased Intangible Assets
(a)Goodwill
The following table presents the goodwill allocated to our reportable segments as of April 27, 2024 and during the first nine months of fiscal 2024 (in millions):
Balance at July 29, 2023SplunkOther AcquisitionsForeign Currency Translation and OtherBalance at April 27, 2024
Americas$24,035 $11,619 $594 $(96)$36,152 
EMEA9,118 4,980 216 (37)14,277 
APJC5,382 2,702 142 (22)8,204 
Total$38,535 $19,301 $952 $(155)$58,633 
(b)Purchased Intangible Assets
The following table presents details of our intangible assets acquired through acquisitions completed during the first nine months of fiscal 2024 (in millions, except years):
 FINITE LIVESINDEFINITE LIVESTOTAL
 TECHNOLOGYCUSTOMER
RELATED
TRADE NAMEIPR&D
Weighted-
Average Useful
Life (in Years)
AmountWeighted-
Average Useful
Life (in Years)
AmountWeighted-
Average Useful
Life (in Years)
AmountAmountAmount
Splunk6.0$3,900 9.1$6,140 12.0$510 $— $10,550 
Others4.8405 4.978 1.314 500 
Total$4,305 $6,218 $513 $14 $11,050 
The following tables present details of our purchased intangible assets (in millions): 
April 27, 2024GrossAccumulated AmortizationNet
Purchased intangible assets with finite lives:
Technology$6,946 $(1,948)$4,998 
Customer related6,882 (619)6,263 
Trade name553 (35)518 
Total purchased intangible assets with finite lives14,381 (2,602)11,779 
In-process research and development, with indefinite lives40 — 40 
       Total$14,421 $(2,602)$11,819 
July 29, 2023GrossAccumulated AmortizationNet
Purchased intangible assets with finite lives:
Technology$2,998 $(1,691)$1,307 
Customer related1,228 (905)323 
Other40 (22)18 
Total purchased intangible assets with finite lives4,266 (2,618)1,648 
In-process research and development, with indefinite lives170 — 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.
Impairment charges related to purchased intangible assets were $139 million and $145 million for the third quarter and first nine months of fiscal 2024, respectively. Impairment charges were as a result of declines in estimated fair value resulting from the reductions in or the elimination of expected future cash flows associated with certain of our IPR&D intangible assets.
The following table presents the amortization of purchased intangible assets, including impairment charges (in millions):
Three Months EndedNine Months Ended
April 27, 2024April 29, 2023April 27, 2024April 29, 2023
Amortization of purchased intangible assets:
Cost of sales$254 $160 $620 $476 
Operating expenses297 70 430 212 
Total$551 $230 $1,050 $688 
The estimated future amortization expense of purchased intangible assets with finite lives as of April 27, 2024 is as follows (in millions):
Fiscal YearAmount
2024 (remaining three months)$604 
2025$2,133 
2026$1,785 
2027$1,441 
2028$1,361 
Thereafter$4,455