The Company completed its annual impairment analysis for goodwill during the fourth quarter of fiscal year 2026. A quantitative assessment was performed for all reporting units, and the Company determined that the fair values of the reporting units exceeded the carrying values and that no impairment existed as of the date of the impairment analysis.

The following table presents the changes in goodwill allocated to the Company’s reportable segments during the fiscal years ended August 31, 2026 and 2025 (in millions):


	Regulated Industries		Intelligent Infrastructure		Connected Living and Digital Commerce		Total
Balance as of August 31, 2024	$	490	$	69	$	102	$	661
Acquisitions and adjustments(1)	178		7		(12)		173
Change in foreign currency exchange rates	5		—		2		7

Balance as of August 31, 2025	673		76		92		841
Acquisitions and adjustments(2)	—		383		—		383
Change in foreign currency exchange rates	2		(1)		—		1

Balance as of August 31, 2026	$	675	$	458	$	92	$	1,225

(1)Primarily in connection with the acquisitions of Pharmaceutics International, Inc. (“Pii”) and Mikros Technologies LLC (“Mikros Technologies”) during the fiscal year ended August 31, 2025.

(2)In connection with the acquisitions of Hanley Energy Group (“Hanley”) and Rebound Technologies Group Holdings Limited (“Rebound Technologies”) during the fiscal year ended August 31, 2026.

The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated (in millions):


	August 31, 2026				August 31, 2025
	Gross Carrying Amount		Accumulated Impairment		Gross Carrying Amount		Accumulated Impairment
Goodwill	$	2,245	$	1,020	$	1,861	$	1,020

The following table presents the Company’s total purchased identifiable intangible assets as of August 31, 2026, and 2025 (in millions):


	Weighted Average Amortization Period (in years)	August 31, 2026(1)						August 31, 2025(2)
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Contractual agreements and customer relationships	11	$	742	$	(329)	$	413	$	494	$	(292)	$	202
Intellectual property	7	347		(205)		142		240		(182)		58
Finite-lived trade names	6	186		(138)		48		132		(119)		13

Total intangible assets	10	$	1,275	$	(672)	$	603	$	866	$	(593)	$	273

(1)In connection with the acquisition of Hanley, the Company acquired $369 million of identifiable intangible assets, including $237 million assigned to contractual agreements and customer relationships, $86 million assigned to intellectual property and $46 million assigned to finite-lived trade names. In connection with the acquisition of Rebound Technologies, the Company acquired $48 million of identifiable intangible assets.

(2)In connection with the acquisition of Pii, the Company acquired $149 million of identifiable intangible assets, including $109 million assigned to contractual agreements and customer relationships and $38 million assigned to intellectual property. In connection with the acquisition of Mikros Technologies, the Company acquired $40 million of identifiable intangible assets, including $31 million assigned to contractual agreements and customer relationships.

Intangible asset amortization for fiscal years 2026, 2025, and 2024 was approximately $89 million, $62 million, and $40 million, respectively. The estimated future amortization expense is as follows (in millions):


Fiscal Year Ended August 31,
2027	$	95
2028	88
2029	79
2030	78
2031	73
Thereafter	190
Total	$	603