Acquisitions and Acquisition-Related Items (Tables)

9 Months Ended

Jan. 25, 2013

Fair Value Inputs, Liabilities, Quantitative Information

The recurring Level 3 fair value measurements of the contingent consideration include the following significant unobservable inputs:



($ in millions)	Fair Value at January 25, 2013	Valuation Technique	Unobservable Input	Range
			Discount rate	13% - 24%
Revenue-based payments	$137	Discounted cash flow	Probability of payment	95% - 100%
			Projected fiscal year of payment	2013 - 2019
			Discount rate	5.9%
Product development-based payments	$4	Discounted cash flow	Probability of payment	100%
			Projected fiscal year of payment	2016

Reconciliation of Beginning and Ending Balances of Contingent Milestone Payments Associated with Acquisitions

The following table provides a reconciliation of the beginning and ending balances of contingent milestone payments associated with acquisitions subsequent to April 24, 2009 measured at fair value that used significant unobservable inputs (Level 3):



	Three months ended					Nine months ended
(in millions)	January 25, 2013			January 27, 2012		January 25, 2013			January 27, 2012
Beginning Balance	$	213		$	288	$	231		$	335
Purchase price contingent consideration	—			—		5			2
Contingent milestone payments	(2		)	—		(28		)	(66		)
Change in fair value of contingent consideration	(70		)	15		(67		)	32
Ending Balance	$	141		$	303	$	141		$	303

Kanghui

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation



(in millions)
Current assets	$	110
Property, plant, and equipment	56
Intangible assets	341
Goodwill	401
Other assets	10
Total assets acquired	918

Current liabilities	30
Long-term deferred tax liabilities, net	71
Other long-term liabilities	1
Total liabilities assumed	102
Net assets acquired	$	816

Salient

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation

The Company recorded the identifiable assets acquired and liabilities assumed at fair value as follows:



(in millions)
Current assets	$	20
Property, plant, and equipment	11
IPR&D	44
Other intangible assets	154
Goodwill	348
Other assets	1
Total assets acquired	578

Current liabilities	43
Long-term deferred tax liabilities, net	38
Total liabilities assumed	81
Net assets acquired	$	497

PEAK

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation

The Company recorded the identifiable assets acquired and liabilities assumed at fair value on the acquisition date as follows:



(in millions)
Current assets	$	5
Property, plant, and equipment	5
Other intangible assets	74
Goodwill	56
Total assets acquired	140

Current liabilities	10
Long-term deferred tax liabilities, net	17
Total liabilities assumed	27
Net assets acquired	$	113