Acquisitions (Tables)

12 Months Ended

Apr. 24, 2020

Business Combinations [Abstract]

Schedule of Fair Value of the Assets Acquired and Liabilities Assumed

(in millions)	Mazor Robotics
Cash and cash equivalents	$	109
Investments	52
Accounts receivable	9
Inventory	5
Other current assets	1
Property, plant, and equipment	3
Goodwill	1,318
Other intangible assets	399
Tax assets	9
Total assets acquired	1,905
Current liabilities	210
Deferred tax liabilities	21
Total liabilities assumed	231
Net assets acquired	$	1,674

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:

	Fiscal Year
(in millions)	2020		2019
Beginning Balance	$	222	$	173
Purchase price contingent consideration	125		151
Contingent consideration payments	(34)		(36)
Change in fair value of contingent consideration	(33)		(66)
Ending Balance	$	280	$	222

Schedule of Significant Unobservable Inputs

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

(in millions)	Fair Value at April 24, 2020		Valuation Technique	Unobservable Input	Range
				Discount rate	11.5% - 32.4%
Revenue-based payments	$	101	Discounted cash flow	Probability of payment	40% - 100%
				Projected fiscal year of payment	2021 - 2027
				Discount rate	5.5%
Product development-based payments	$	179	Discounted cash flow	Probability of payment	50% - 100%
				Projected fiscal year of payment	2021 - 2027