ACQUIRED INTANGIBLE ASSETS

6 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]


	As of December 31, 2023
	Cost (1)		Accumulated Amortization (1)		Net (1)
Technology assets	$	1,157,195	$	(257,880)	$	899,315
Customer assets	3,085,048		(1,211,143)		1,873,905
Total	$	4,242,243	$	(1,469,023)	$	2,773,220

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

______________________

(1)Excludes technology and customer intangible net assets with cost of $432.1 million and $610.2 million respectively, accumulated amortization of $48.7 million and $62.9 million respectively, and net book value of $383.4 million and $547.3 million, respectively, that have been reclassified to Assets held for sale related to the proposed divestiture of our AMC business. See Note 19 “Acquisitions and Divestitures.”

Where applicable, the above balances as of December 31, 2023 have been reduced to reflect the impact of intangible assets where the gross cost has become fully amortized during the six months ended December 31, 2023. The impact of this resulted in a reduction of $228 million to technology 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 (six months ended)	$	295,133
2025	509,083
2026	466,116
2027	395,693
2028	378,026
2029 and Thereafter	729,169
Total	$	2,773,220