The following table presents the changes in goodwill allocated to the Company’s reportable segments during the nine months ended May 31, 2026 (in millions):


	Regulated Industries		Intelligent Infrastructure		Connected Living and Digital Commerce		Total
Balance as of August 31, 2025	$	673	$	76	$	92	$	841
Acquisitions and adjustments(1)	—		384		—		384
Change in foreign currency exchange rates	4		(1)		—		3

Balance as of May 31, 2026	$	677	$	459	$	92	$	1,228

(1)In connection with the acquisitions of Hanley Energy Group (“Hanley”) and Rebound Technologies Group Holdings Limited (“Rebound Technologies”) during the fiscal year 2026. See Note 15 – “Business Acquisitions and Divestitures” for additional information.

The following table is a summary of the Company’s gross goodwill balances and accumulated impairments as of the periods indicated (in millions):


	May 31, 2026				August 31, 2025
	Gross Carrying Amount		Accumulated Impairment		Gross Carrying Amount		Accumulated Impairment
Goodwill	$	2,248	$	1,020	$	1,861	$	1,020

The following table presents the Company’s total purchased intangible assets as of the periods indicated (in millions):


	Weighted Average Amortization Period (in years)	May 31, 2026(1)						August 31, 2025
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Contractual agreements and customer relationships	11	$	752	$	(325)	$	427	$	494	$	(292)	$	202
Intellectual property	7	347		(198)		149		240		(182)		58
Finite-lived trade names	6	186		(135)		51		132		(119)		13

Total intangible assets	10	$	1,285	$	(658)	$	627	$	866	$	(593)	$	273

(1)In connection with the acquisition of Hanley, the Company acquired $369 million of identifiable intangible assets, including $237 million assigned to contractual agreements and customer relationships, $86 million assigned to intellectual property and $46 million assigned to finite-lived trade names. In connection with the acquisition of Rebound Technologies, the Company acquired $48 million of identifiable intangible assets. See Note 15 – “Business Acquisitions and Divestitures” for additional information.

Intangible asset amortization during the three months and nine months ended May 31, 2026 was approximately $23 million and $65 million, respectively. Intangible asset amortization during the three months and nine months ended May 31, 2025 was approximately $17 million and $45 million, respectively. The estimated future amortization expense is as follows (in millions):