GOODWILL AND INTANGIBLE ASSETS

The Infrastructure Solutions Group (“ISG”) and Client Solutions Group (“CSG”) reporting units are consistent with the reportable segments identified in Note 15 of the Notes to the Condensed Consolidated Financial Statements.

The following table presents goodwill allocated to the Company’s reportable segments and changes in the carrying amount of goodwill as of the dates indicated:


	Infrastructure Solutions Group		Client Solutions Group		Total

	(in millions)




Balances as of January 30, 2026	$	15,315	$	4,232	$	19,547
Impact of foreign currency translation and other	(43)		—		(43)





Balances as of May 1, 2026	$	15,272	$	4,232	$	19,504

The following table presents the Company’s intangible assets as of the dates indicated:


	May 1, 2026						January 30, 2026
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net

	(in millions)
Customer relationships	$	16,644	$	(15,386)	$	1,258	$	16,644	$	(15,321)	$	1,323
Developed technology	9,524		(9,402)		122		9,525		(9,376)		149
Trade names	875		(871)		4		875		(869)		6

Definite-lived intangible assets	27,043		(25,659)		1,384		27,044		(25,566)		1,478
Indefinite-lived trade names	3,055		—		3,055		3,055		—		3,055
Total intangible assets	$	30,098	$	(25,659)	$	4,439	$	30,099	$	(25,566)	$	4,533

For both the three months ended May 1, 2026 and May 2, 2025, amortization expense related to definite-lived intangible assets was $0.1 billion. There were no material impairment charges related to intangible assets during the three months ended May 1, 2026 and May 2, 2025.

The following table presents the estimated future annual pre-tax amortization expense of definite-lived intangible assets as of the date indicated:


	May 1, 2026

	(in millions)
Fiscal 2027 (remaining nine months)	$	282
Fiscal 2028	236
Fiscal 2029	196
Fiscal 2030	159
Fiscal 2031	132
Thereafter	379
Total	$	1,384

Goodwill and Indefinite-Lived Intangible Assets Impairment Testing

Goodwill and indefinite-lived intangible assets are tested for impairment annually during the third fiscal quarter and whenever events or circumstances may indicate that an impairment has occurred.

For the annual impairment review performed during the third quarter of Fiscal 2026, the Company assessed the goodwill in each of its reporting units and indefinite-lived intangible assets. The Company is permitted to conduct a qualitative assessment to determine whether it is necessary to perform a quantitative goodwill impairment test. The Company’s qualitative assessment included consideration of the relevant events and circumstances affecting the reporting unit, including macroeconomic, industry and market conditions, recent market transactions, overall financial performance, trends in the public company market valuation, changes in projected future cash flows, and the results of the most recent quantitative assessment, where applicable. Based on this assessment, the Company concluded that it was more likely than not that the estimated fair values of the reporting units and indefinite-lived intangible assets were higher than their respective carrying values. No goodwill or indefinite-lived assets impairment test was performed during the three months ended May 1, 2026.