Acquisition (Tables)

3 Months Ended

Oct. 31, 2024

The total purchase consideration for the acquisition was $1.1 billion, which consisted of the following (in millions):


	Amount
Cash	$	500.0
Fair value of contingent consideration liability	648.9
Return of purchase consideration	(6.3)
Total	$	1,142.6

Schedule of recognized identified assets acquired and liabilities assumed

We have accounted for this transaction as a business combination and allocated the purchase consideration to assets acquired and liabilities assumed based on preliminary estimated fair values, as presented in the following table (in millions):


	Amount
Goodwill	$	700.7
Identified intangible assets	476.0

Net liabilities assumed	(34.1)
Total	$	1,142.6

Schedule of finite-lived intangible assets acquired as part of business combination

The following table presents details of the identified intangible assets acquired (in millions, except years):


	Fair Value		Estimated Useful Life
Customer relationships	$	464.0	12 years
Developed technology	12.0		2 years
Total	$	476.0