Goodwill and Other Intangibles

3 Months Ended

Mar. 05, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill as of March 5, 2021 and November 27, 2020 was $11.85 billion and $10.74 billion, respectively. The increase was primarily due to our acquisition of Workfront in the first quarter of fiscal 2021. We continually monitor events and changes in circumstances that could indicate that the fair value of any one of our reporting units may more likely than not have fallen below its respective carrying amount. We have not identified any such events or changes in circumstances since the performance of our annual goodwill impairment test that would require us to perform another goodwill impairment test.

Other intangible assets subject to amortization as of March 5, 2021 and November 27, 2020 were as follows:


(in millions)	2021						2020
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Customer contracts and relationships	$	1,234	$	(308)	$	926	$	958	$	(289)	$	669
Purchased technology	770		(297)		473		756		(347)		409
Trademarks	393		(113)		280		384		(122)		262


Other	109		(59)		50		84		(65)		19
Other intangibles, net	$	2,506	$	(777)	$	1,729	$	2,182	$	(823)	$	1,359

During the three months ended March 5, 2021, other intangibles increased primarily due to identifiable intangible assets acquired through Workfront.

Amortization expense related to other intangibles was $90 million and $96 million for the three months ended March 5, 2021 and February 28, 2020, respectively. Of these amounts, $45 million and $54 million were included in cost of revenue for the three months ended March 5, 2021 and February 28, 2020, respectively.

As of March 5, 2021, we expect amortization expense in future periods to be as follows:


(in millions)	Other Intangibles
Remainder of 2021	$	254
2022	313
2023	282
2024	238
2025	216
Thereafter	426
Total expected amortization expense	$	1,729