ACQUIRED INTANGIBLE ASSETS

9 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]


	As of March 31, 2024
	Cost (1)		Accumulated Amortization (1)		Net (1)
Technology assets	$	1,157,185	$	(305,973)	$	851,212
Customer assets	3,013,384		(1,240,479)		1,772,905
Total	$	4,170,569	$	(1,546,452)	$	2,624,117

	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 AMC Divestiture. See Note 19 “Acquisitions and Divestitures” for more details.

Where applicable, the above balances as of March 31, 2024 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, 2024. The impact of this resulted in reductions to the cost and accumulated amortization of technology assets and customer assets of $228 million and $71 million, respectively. 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 (three months ended)	$	145,582
2025	509,456
2026	466,019
2027	395,665
2028	378,007
2029 and Thereafter	729,388
Total	$	2,624,117