Acquisitions and Acquisition-Related Items (Tables)

6 Months Ended

Oct. 24, 2014

Schedule of Business Acquisitions, by Acquisition

The fair values of the assets acquired and liabilities assumed are as follows:



(in millions)
Current assets	$	6
Property, plant, and equipment	1
Intangible assets	94
Goodwill	132
Total assets acquired	233

Current liabilities	4
Long-term deferred tax liabilities, net	7
Total liabilities assumed	11
Net assets acquired	$	222

Fair Value Inputs, Liabilities, Quantitative Information

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



	Fair Value at
($ in millions)	October 24, 2014	Valuation Technique	Unobservable Input	Range
			Discount rate	13.5% - 24%
Revenue-based payments	$65	Discounted cash flow	Probability of payment	100%
			Projected fiscal year of payment	2015 - 2019
			Discount rate	5.5%
Product development-based payments	$26	Discounted cash flow	Probability of payment	75%
			Projected fiscal year of payment	2018

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 associated with acquisitions subsequent to April 24, 2009:



	Three months ended				Six months ended
(in millions)	October 24, 2014		October 25, 2013		October 24, 2014			October 25, 2013
Beginning Balance	$	87	$	45	$	68		$	142
Purchase price contingent consideration	—		—		23			—
Contingent consideration payments	—		—		(5		)	(1		)
Change in fair value of contingent consideration	4		—		5			(96		)
Ending Balance	$	91	$	45	$	91		$	45