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Acquisitions (Tables)
9 Months Ended
Jan. 28, 2022
Business Combination and Asset Acquisition [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 endedNine months ended
(in millions)January 28, 2022January 29, 2021January 28, 2022January 29, 2021
Beginning balance$269 $461 $270 $280 
Purchase price contingent consideration— 95 31 253 
Purchase price allocation adjustments— — 25 — 
Payments(41)(127)(83)(129)
Change in fair value(81)11 (97)36 
Ending balance$147 $440 $147 $440 
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)January 28, 2022Unobservable InputRange
Weighted Average (1)
  Discount rate
11.2% - 27.2%
14.6%
Revenue and other performance-based payments$114Probability of payment
30% - 100%
98.8%
  Projected fiscal year of payment2022 - 20272024
  Discount rate
5.5%
5.5%
Product development and other milestone-based payments$33Probability of payment
70% - 100%
83.4%
  Projected fiscal year of payment2022 - 20252024
(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.