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ACQUIRED INTANGIBLE ASSETS
 6 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
ACQUIRED INTANGIBLE ASSETS ACQUIRED INTANGIBLE ASSETS
As of December 31, 2024
Cost
Accumulated Amortization
Net
Technology assets
$1,142,284 $(425,810)$716,474 
Customer assets
2,642,752 (1,130,139)1,512,613 
Total$3,785,036 $(1,555,949)$2,229,087 
As of June 30, 2024
CostAccumulated AmortizationNet
Technology assets$1,153,457 $(342,528)$810,929 
Customer assets2,762,371 (1,087,036)1,675,335 
Total$3,915,828 $(1,429,564)$2,486,264 
Where applicable, the above balances as of December 31, 2024 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, 2024. The impact of this resulted in reductions to the cost and accumulated amortization of technology assets and customer assets of $11 million and $118 million, respectively. The weighted average amortization periods for acquired technology and customer intangible assets are approximately six years and nine 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,
2025 (six months ended)
$253,787 
2026467,267 
2027396,816 
2028379,434 
2029282,748 
2030 and Thereafter
449,035 
Total$2,229,087