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Acquisitions (Tables)
 3 Months Ended
Jul. 31, 2020
Business Combinations [Abstract]  
Reconciliation of Beginning and Ending Balances of Contingent Consideration
The following table provides a reconciliation of the beginning and ending balances of contingent consideration:
 Three months ended
(in millions)July 31, 2020July 26, 2019
Beginning balance$280 $222 
Purchase price contingent consideration— 58 
Payments(1)(14)
Change in fair value18 3 
Ending balance$297 $269 
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 31, 2020Unobservable InputRange
Weighted Average (1)
  Discount rate
14.0% - 32.4%
22.3%
Revenue and other performance-based payments$116Probability of payment100%100%
  Projected fiscal year of payment2021 - 20272024
  Discount rate5.5%5.5%
Product development and other milestone-based payments$181Probability of payment
50% - 100%
90.5%
  Projected fiscal year of payment2021 - 20272024
(1) Unobservable inputs were weighted by the relative fair value of the contingent consideration liability. For projected fiscal year of payment, the amount represents the median of the inputs and is not a weighted average.