cisco-annual-report-2021

5. Goodwill and Purchased Intangible Assets
(a)
Goodwill
The following tables present the goodwill allocated to our reportable segments as of July 31, 2021 and July 25, 2020, as well as
the changes to goodwill during fiscal 2021 and 2020 (in millions):
Balance at
July 25, 2020
Acquisitions
& Divestitures
Foreign
Currency
Translation
and Other
Balance at
July 31, 2021
Americas................................................. $ 21,304 $ 2,275 $ 94 $ 23,673
EMEA ................................................... 8,040 1,019 35 9,094
APJC .................................................... 4,462 920 19 5,401
Total .................................................. $ 33,806 $ 4,214 $ 148 $ 38,168
Balance at
July 27, 2019
Acquisitions
Foreign
Currency
Translation
and Other
Balance at
July 25, 2020
Americas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 21,120 $ 132 $ 52 $ 21,304
EMEA. ................................................... 7,977 44 19 8,040
APJC .................................................... 4,432 22 8 4,462
Total .................................................. $ 33,529 $ 198 $ 79 $ 33,806
(b)
Purchased Intangible Assets
The following tables present details of our intangible assets acquired through acquisitions completed during fiscal 2021 and
2020 (in millions, except years):
Fiscal 2021
TECHNOLOGY
Weighted-
Average Useful
Life (in Years) Amount
INDEFINITE
FINITE LIVES
LIVES
CUSTOMER
RELATIONSHIPS OTHER IPR&D TOTAL
Weighted-
Weighted-
Average Useful
Average Useful
Life (in Years) Amount Life (in Years) Amount Amount Amount
Acacia . . . . . . . . . . . . . . . . . . . . . 4.0 $ 1,290 4.0 $ 490 3.1 $ 35 $ 345 $ 2,160
Others . . . . . . . . . . . . . . . . . . . . . 4.3 545 4.6 174 2.9 35 — 754
Total . . . . . . . . . . . . . . . . . . . $ 1,835 $ 664 $ 70 $ 345 $ 2,914
Fiscal 2020
TECHNOLOGY
Weighted-
Average Useful
Life (in Years) Amount
INDEFINITE
FINITE LIVES
LIVES
CUSTOMER
RELATIONSHIPS OTHER IPR&D TOTAL
Weighted-
Average Useful
Life (in Years)
Amount
Weighted-
Average Useful
Life (in Years) Amount Amount Amount
Total acquisitions
(six in total). . . . . . . . . . . . . . . . . . 4.8 $ 161 4.2 $ 10 1.5 $ 1 $ — $ 172
The following tables present details of our purchased intangible assets (in millions):
July 31, 2021
Gross
Accumulated
Amortization
Purchased intangible assets with finite lives:
Technology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,629 $ (1,437) $ 2,192
Customer relationships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,387 (523) 864
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71 (13) 58
Total purchased intangible assets with finite lives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,087 (1,973) 3,114
In-process research and development, with indefinite lives . . . . . . . . . . . . . . . . . . . . . 505 — 505
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,592 $ (1,973) $ 3,619
Net
70