| Intangible Assets |
The changes in intangible assets for fiscal 2026 and the net book value of intangible assets as of May 31, 2026 and 2025 were as follows:
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Intangible Assets, Gross |
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Accumulated Amortization |
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Intangible Assets, Net |
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(in millions) |
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May 31,
2025 |
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Additions |
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Retirements |
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May 31,
2026 |
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May 31,
2025 |
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Expense |
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Retirements |
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May 31,
2026 |
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May 31,
2025 |
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May 31,
2026 |
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Cloud and software agreements and related relationships |
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$ |
9,670 |
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|
$ |
— |
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$ |
(1,794 |
) |
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$ |
7,876 |
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$ |
(6,471 |
) |
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$ |
(558 |
) |
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$ |
1,794 |
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$ |
(5,235 |
) |
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$ |
3,199 |
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$ |
2,641 |
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Developed technology |
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4,143 |
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287 |
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(425 |
) |
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4,005 |
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(3,509 |
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(627 |
) |
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425 |
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(3,711 |
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|
634 |
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294 |
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Other |
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2,827 |
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26 |
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(173 |
) |
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2,680 |
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(2,073 |
) |
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(486 |
) |
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173 |
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(2,386 |
) |
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|
754 |
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|
294 |
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Total intangible assets, net |
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$ |
16,640 |
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$ |
313 |
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$ |
(2,392 |
) |
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$ |
14,561 |
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$ |
(12,053 |
) |
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$ |
(1,671 |
) |
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$ |
2,392 |
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$ |
(11,332 |
) |
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$ |
4,587 |
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$ |
3,229 |
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| Estimated Future Amortization Expenses Related to Intangible Assets |
As of May 31, 2026, estimated future amortization expenses related to intangible assets were as follows (in millions):
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Fiscal 2027 |
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$ |
731 |
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Fiscal 2028 |
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|
694 |
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Fiscal 2029 |
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620 |
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Fiscal 2030 |
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|
582 |
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Fiscal 2031 |
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|
377 |
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Thereafter |
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|
225 |
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Total intangible assets, net |
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$ |
3,229 |
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| Goodwill |
The changes in the carrying amounts of goodwill, which is generally not deductible for tax purposes, for our operating segments for fiscal 2026 and 2025 were as follows:
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(in millions) |
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Cloud and Software |
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Hardware |
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Services |
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Total Goodwill |
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Balances as of May 31, 2024 |
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$ |
57,072 |
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$ |
2,732 |
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$ |
2,426 |
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$ |
62,230 |
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Goodwill adjustments, net(1) |
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(23 |
) |
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— |
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— |
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(23 |
) |
Balances as of May 31, 2025 |
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57,049 |
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|
2,732 |
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|
2,426 |
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|
62,207 |
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Goodwill adjustments, net(1) |
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|
65 |
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— |
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(11 |
) |
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|
54 |
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Balances as of May 31, 2026 |
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$ |
57,114 |
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$ |
2,732 |
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|
$ |
2,415 |
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$ |
62,261 |
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Amounts include any changes in goodwill balances for the period presented that resulted from foreign currency translations.
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