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Goodwill and Purchased Intangible Assets | 9 Months Ended
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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, 2023 |  | Splunk |  | Other Acquisitions |  | Foreign Currency Translation and Other |  | Balance at April 27, 2024
Americas | $ | 24,035 |  |  | $ | 11,619 |  |  | $ | 594 |  |  | $ | (96) |  |  | $ | 36,152 |
EMEA | 9,118 |  |  | 4,980 |  |  | 216 |  |  | (37) |  |  | 14,277 |
APJC | 5,382 |  |  | 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 LIVES |  | INDEFINITE LIVES |  | TOTAL
| TECHNOLOGY |  | CUSTOMER RELATED |  | TRADE NAME |  | 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
Splunk | 6.0 |  | $ | 3,900 |  |  | 9.1 |  | $ | 6,140 |  |  | 12.0 |  | $ | 510 |  |  | $ | — |  |  | $ | 10,550 |
Others | 4.8 |  | 405 |  |  | 4.9 |  | 78 |  |  | 1.3 |  | 3 |  |  | 14 |  |  | 500 |
Total |  |  | $ | 4,305 |  |  |  |  | $ | 6,218 |  |  |  |  | $ | 513 |  |  | $ | 14 |  |  | $ | 11,050 |
The following tables present details of our purchased intangible assets (in millions):
April 27, 2024 |  | Gross |  | Accumulated Amortization |  | Net
Purchased intangible assets with finite lives: |  |  |  |  |  |
Technology |  | $ | 6,946 |  |  | $ | (1,948) |  |  | $ | 4,998 |
Customer related |  | 6,882 |  |  | (619) |  |  | 6,263 |
Trade name |  | 553 |  |  | (35) |  |  | 518 |
Total purchased intangible assets with finite lives |  | 14,381 |  |  | (2,602) |  |  | 11,779 |
In-process research and development, with indefinite lives |  | 40 |  |  | — |  |  | 40 |
Total |  | $ | 14,421 |  |  | $ | (2,602) |  |  | $ | 11,819 |
July 29, 2023 |  | Gross |  | Accumulated Amortization |  | Net
Purchased intangible assets with finite lives: |  |  |  |  |  |
Technology |  | $ | 2,998 |  |  | $ | (1,691) |  |  | $ | 1,307 |
Customer related |  | 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. 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 Ended |  | Nine Months Ended
| April 27, 2024 |  | April 29, 2023 |  | April 27, 2024 |  | April 29, 2023
Amortization of purchased intangible assets: |  |  |  |  |  |  |
Cost of sales | $ | 254 |  |  | $ | 160 |  |  | $ | 620 |  |  | $ | 476 |
Operating expenses | 297 |  |  | 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 Year | Amount
2024 (remaining three months) | $ | 604 |
2025 | $ | 2,133 |
2026 | $ | 1,785 |
2027 | $ | 1,441 |
2028 | $ | 1,361 |
Thereafter | $ | 4,455 |

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