| Intangible Assets |
The changes in intangible assets for fiscal 2025 and the net book value of intangible assets as of May 31, 2025 and 2024 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible Assets, Gross |
|
|
Accumulated Amortization |
|
|
Intangible Assets, Net |
|
|
(in millions) |
|
May 31,
2024 |
|
|
Retirements |
|
|
May 31,
2025 |
|
|
May 31,
2024 |
|
|
Expense |
|
|
Retirements |
|
|
May 31,
2025 |
|
|
May 31,
2024 |
|
|
May 31,
2025 |
|
|
Developed technology |
|
$ |
4,235 |
|
|
$ |
(92 |
) |
|
$ |
4,143 |
|
|
$ |
(2,959 |
) |
|
$ |
(642 |
) |
|
$ |
92 |
|
|
$ |
(3,509 |
) |
|
$ |
1,276 |
|
|
$ |
634 |
|
|
Cloud services and license support agreements and related relationships |
|
|
8,460 |
|
|
|
(1,312 |
) |
|
|
7,148 |
|
|
|
(5,609 |
) |
|
|
(714 |
) |
|
|
1,312 |
|
|
|
(5,011 |
) |
|
|
2,851 |
|
|
|
2,137 |
|
|
Cloud license and on-premise license agreements and related relationships |
|
|
2,563 |
|
|
|
(41 |
) |
|
|
2,522 |
|
|
|
(1,039 |
) |
|
|
(462 |
) |
|
|
41 |
|
|
|
(1,460 |
) |
|
|
1,524 |
|
|
|
1,062 |
|
|
Other |
|
|
3,533 |
|
|
|
(710 |
) |
|
|
2,827 |
|
|
|
(2,294 |
) |
|
|
(489 |
) |
|
|
710 |
|
|
|
(2,073 |
) |
|
|
1,239 |
|
|
|
754 |
|
|
Total intangible assets, net |
|
$ |
18,791 |
|
|
$ |
(2,155 |
) |
|
$ |
16,640 |
|
|
$ |
(11,901 |
) |
|
$ |
(2,307 |
) |
|
$ |
2,155 |
|
|
$ |
(12,053 |
) |
|
$ |
6,890 |
|
|
$ |
4,587 |
|
|
|
| Estimated Future Amortization Expenses Related to Intangible Assets |
As of May 31, 2025, estimated future amortization expenses related to intangible assets were as follows (in millions):
|
|
|
|
|
Fiscal 2026 |
|
$ |
1,639 |
|
Fiscal 2027 |
|
|
672 |
|
Fiscal 2028 |
|
|
635 |
|
Fiscal 2029 |
|
|
561 |
|
Fiscal 2030 |
|
|
522 |
|
Thereafter |
|
|
558 |
|
Total intangible assets, net |
|
$ |
4,587 |
|
|
| Goodwill |
The changes in the carrying amounts of goodwill, which is generally not deductible for tax purposes, for our operating segments for fiscal 2025 and 2024 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions) |
|
Cloud and License |
|
|
Hardware |
|
|
Services |
|
|
Total Goodwill |
|
Balances as of May 31, 2023 |
|
$ |
57,060 |
|
|
$ |
2,732 |
|
|
$ |
2,469 |
|
|
$ |
62,261 |
|
Goodwill adjustments, net(1) |
|
|
12 |
|
|
|
— |
|
|
|
(43 |
) |
|
|
(31 |
) |
Balances as of May 31, 2024 |
|
|
57,072 |
|
|
|
2,732 |
|
|
|
2,426 |
|
|
|
62,230 |
|
Goodwill adjustments, net(1) |
|
|
(23 |
) |
|
|
— |
|
|
|
— |
|
|
|
(23 |
) |
Balances as of May 31, 2025 |
|
$ |
57,049 |
|
|
$ |
2,732 |
|
|
$ |
2,426 |
|
|
$ |
62,207 |
|
Amounts include any changes in goodwill balances for the period presented that resulted from foreign currency translations and certain other adjustments.
|