Acquired Intangible Assets (Tables)

3 Months Ended

Oct. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets Acquired

The following table shows the cost, accumulated amortization and weighted average life in years for our acquired intangible assets at the dates indicated. The weighted average lives are calculated for assets that are not fully amortized.

(Dollars in millions)	Customer Lists / User Relationships		Purchased Technology		Trade Names and Logos		Covenants Not to Compete or Sue		Total
At October 31, 2021:
Cost	$	3,038	$	698	$	400	$	42	$	4,178
Accumulated amortization	(424)		(470)		(48)		(41)		(983)
Acquired intangible assets, net	$	2,614	$	228	$	352	$	1	$	3,195
Weighted average life in years	15		5		15		3		14
At July 31, 2021:
Cost	$	3,038	$	686	$	400	$	42	$	4,166
Accumulated amortization	(377)		(455)		(41)		(41)		(914)
Acquired intangible assets, net	$	2,661	$	231	$	359	$	1	$	3,252
Weighted average life in years	15		5		15		3		14

Schedule of Future Amortization Expense

The following table shows the expected future amortization expense for our acquired intangible assets at October 31, 2021. Amortization of purchased technology is charged to amortization of acquired technology in our consolidated statements of operations. Amortization of other acquired intangible assets such as customer lists is charged to amortization of other acquired intangible assets in our consolidated statements of operations. If impairment events occur, they could accelerate the timing of acquired intangible asset charges.

(In millions)	Expected Future Amortization Expense
Twelve months ending July 31,
2022 (excluding the three months ended October 31, 2021)	$	208
2023	268
2024	252
2025	248
2026	247
Thereafter	1,972
Total expected future amortization expense	$	3,195