
	Segment		Consolidated Totals
	FSG	ETG
Balances as of October 31, 2025	$1,997,178	$1,664,446	$3,661,624
Goodwill acquired	393,225	312,028	705,253
Adjustments to goodwill	200	(6,546)	(6,346)
Foreign currency translation adjustments	(315)	(4,073)	(4,388)
Balances as of July 31, 2026	$2,390,288	$1,965,855	$4,356,143

The goodwill acquired pertains to the fiscal 2026 acquisitions described in Note 2, Acquisitions, and represents the residual value after the allocation of the total consideration to the tangible and identifiable intangible assets acquired and liabilities and noncontrolling interests assumed. The Company estimates that $172 million of the goodwill acquired in fiscal 2026 will be deductible for income tax purposes. Foreign currency translation adjustments are included in other comprehensive (loss) income in the Company's Condensed Consolidated Statements of Comprehensive Income. The adjustments to goodwill represent immaterial measurement period adjustments to the allocation of the purchase consideration of certain fiscal 2025 acquisitions.


	As of July 31, 2026			As of October 31, 2025
	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount
Amortizing Assets:
Customer relationships	$1,356,362	($450,710)	$905,652	$1,131,443	($373,100)	$758,343
Intellectual property	695,564	(188,422)	507,142	540,836	(153,783)	387,053
Other	5,265	(4,858)	407	8,651	(8,127)	524
	2,057,191	(643,990)	1,413,201	1,680,930	(535,010)	1,145,920
Non-Amortizing Assets:
Trade names	363,741	—	363,741	325,520	—	325,520
	$2,420,932	($643,990)	$1,776,942	$2,006,450	($535,010)	$1,471,440

The increase in the gross carrying amount of customer relationships, intellectual property, and trade names as of July 31, 2026 compared to October 31, 2025 principally relates to such intangible assets recognized in connection with the fiscal 2026 acquisitions (see Note 2, Acquisitions).

Amortization expense related to intangible assets for the nine months ended July 31, 2026 and 2025 was $120.0 million and $101.7 million, respectively. Amortization expense related to intangible assets for the three months ended July 31, 2026 and 2025 was $43.3 million and

$34.7 million, respectively. Amortization expense related to intangible assets for the remainder of fiscal 2026 is estimated to be $43.6 million. Amortization expense for each of the next five fiscal years and thereafter is estimated to be $170.8 million in fiscal 2027, $163.7 million in fiscal 2028, $156.9 million in fiscal 2029, $149.0 million in fiscal 2030, $138.0 million in fiscal 2031, and $591.2 million thereafter.