XML 52 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Acquisitions (Tables)
 6 Months Ended
Oct. 30, 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 endedSix months ended
(in millions)October 30, 2020October 25, 2019October 30, 2020October 25, 2019
Beginning balance$297 $269 $280 $222 
Purchase price contingent consideration158 7 158 65 
Payments(1)(15)(2)(29)
Change in fair value7 (1)25 2 
Ending balance$461 $260 $461 $260 
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)October 30, 2020Unobservable InputRange
Weighted Average (1)
  Discount rate
14.0% - 32.4%
20.7%
Revenue and other performance-based payments$203Probability of payment
40% - 100%
99.4%
  Projected fiscal year of payment2021 - 20272024
  Discount rate5.5%5.5%
Product development and other milestone-based payments$258Probability of payment
50% - 100%
93.2%
  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.