ACQUIRED INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]


	As of June 30, 2023
	Cost		Accumulated Amortization		Net
Technology assets (1)	$	1,815,260	$	(385,868)	$	1,429,392
Customer assets (1)	3,691,252		(1,039,765)		2,651,487
Total	$	5,506,512	$	(1,425,633)	$	4,080,879

	As of June 30, 2022
	Cost		Accumulated Amortization		Net
Technology assets	$	999,032	$	(738,710)	$	260,322
Customer assets	1,595,219		(780,333)		814,886
Total	$	2,594,251	$	(1,519,043)	$	1,075,208

______________________

(1)The balances as of June 30, 2023 include $1.4 billion of technology assets and $2.2 billion of customer assets acquired through the Micro Focus Acquisition. See Note 19 “Acquisitions” for further details including the finalization of the purchase price allocation for the Micro Focus Acquisition.

Where applicable, the above balances as of June 30, 2023 have been reduced to reflect the impact of intangible assets where the gross cost has become fully amortized during the year ended June 30, 2023. The impact of this resulted in a reduction of $578 million to technology assets and accumulated amortization and $69 million to customer assets and accumulated amortization. The weighted average amortization periods for acquired technology and customer intangible assets are approximately six years and eight years, respectively.

The following table shows the estimated future amortization expense for the fiscal years indicated. This calculation assumes no future adjustments to acquired intangible assets:


Fiscal years ending June 30,
2024	$	753,128
2025	642,147
2026	598,872
2027	528,820
2028	505,047
2029 and Thereafter	1,052,865
Total	$	4,080,879