XML 57 R30.htm IDEA: XBRL DOCUMENT v3.19.2
Acquisitions (Tables)
 3 Months Ended
Jul. 26, 2019
Business Combinations [Abstract]  
Reconciliation of Beginning and Ending Balances of Contingent Consideration Associated with Acquisitions
The following table provides a reconciliation of the beginning and ending balances of contingent consideration:
 
Three months ended
(in millions)
July 26, 2019
 
July 27, 2018
Beginning balance
$
222

 
$
173

Purchase price contingent consideration
58

 
35

Payments
(14
)
 
(6
)
Change in fair value
3

 
6

Ending balance
$
269

 
$
208
Fair Value Measurements, Contingent Consideration, Significant Unobservable Inputs The recurring Level 3 fair value measurements of contingent consideration for which a liability is recorded include the following significant unobservable inputs:
 
 
Fair Value at
 
 
 
 
 
 
(in millions)
 
July 26, 2019
 
Valuation Technique
 
Unobservable Input
 
Range
 
 
 
 
 
 
Discount rate
 
11.5% - 32.5%
Revenue and other performance-based payments
 
$135
 
Discounted cash flow
 
Probability of payment
 
40% - 100%
 
 
 
 
 
 
Projected fiscal year of payment
 
2020 - 2025
 
 
 
 
 
 
Discount rate
 
5.5%
Product development and other milestone-based payments
 
$134
 
Discounted cash flow
 
Probability of payment
 
75% - 100%
 
 
 
 
 
 
Projected fiscal year of payment
 
2020 - 2027