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ACQUIRED INTANGIBLE ASSETS

9 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]


	As of March 31, 2023
	Cost		Accumulated Amortization		Net
Technology assets	$	1,802,589	$	(308,166)	$	1,494,423
Customer assets	3,650,068		(922,606)		2,727,462
Total	$	5,452,657	$	(1,230,772)	$	4,221,885

	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

Where applicable, the above balances as of March 31, 2023 have been reduced to reflect the impact of intangible assets where the gross cost has become fully amortized during the nine months ended March 31, 2023. The impact of this resulted in a reduction of $578 million to technology assets and $64 million to customer assets.

The balances as of March 31, 2023 include $1.4 billion of intangible technology assets and $2.1 billion of intangible 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.

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,
2023 (three months ended)	$	197,194
2024	743,983
2025	631,788
2026	588,646
2027	518,602
2028 and Thereafter	1,541,672
Total	$	4,221,885