Changes in the carrying value of goodwill by reportable segment during the twelve months ended July 31, 2026 and July 31, 2025 were as shown in the following table. Our reportable segments are described in Note 14, “Segment Information.” We have recast certain prior period amounts to conform to our current presentation of our reportable segments. See Note 1, “Description of Business and Summary of Significant Accounting Policies — Basis of Presentation,” for more information.


(In millions)	Balance July 31, 2024		Goodwill Acquired/ Adjusted		Foreign Currency Translation		Balance July 31, 2025		Goodwill Acquired/ Adjusted		Foreign Currency Translation and Other		Balance July 31, 2026
Global Business Solutions	$	9,690	$	134	$	1	$	9,825	$	—	$	(4)	$	9,821
Consumer	4,154		—		1		4,155		—		5		4,160
Totals	$	13,844	$	134	$	2	$	13,980	$	—	$	1	$	13,981

Goodwill is net of accumulated impairment losses of $114 million, which were recorded prior to July 31, 2024 and are included in our Consumer segment. The increase in goodwill during the twelve months ended July 31, 2026 was primarily due to foreign currency translation adjustments. The increase in goodwill during the twelve months ended July 31, 2025 was primarily due to a business acquisition.

The following table shows the cost, accumulated amortization, and weighted-average life in years for our acquired intangible assets at the dates indicated. The weighted-average lives are calculated for assets that are not fully amortized.


(Dollars in millions)	Customer and User Relationships		Purchased Technology		Trade Names and Logos		Total

At July 31, 2026:
Cost	$	6,198	$	1,765	$	680	$	8,643
Accumulated amortization	(2,464)		(1,237)		(300)		(4,001)
Acquired intangible assets, net	$	3,734	$	528	$	380	$	4,642
Weighted-average life in years	14		8		13		13

At July 31, 2025:
Cost	$	6,198	$	1,765	$	680	$	8,643
Accumulated amortization	(2,034)		(1,061)		(246)		(3,341)
Acquired intangible assets, net	$	4,164	$	704	$	434	$	5,302
Weighted-average life in years	14		8		13		13

The following table shows the expected future amortization expense for our acquired intangible assets at July 31, 2026. Amortization of purchased technology is generally charged to amortization of acquired technology in our consolidated statements of operations. Amortization of other acquired intangible assets, such as customer and user relationships, is charged to amortization of other acquired intangible assets in our consolidated statements of operations. If impairment events occur, they could accelerate the timing of acquired intangible asset charges.


(In millions)	Expected Future Amortization Expense
Fiscal year ending July 31,
2027	$	633
2028	613
2029	593
2030	590
2031	506
Thereafter	1,707
Total expected future amortization expense	$	4,642