Acquisition and Disposition (Tables)

6 Months Ended

Oct. 28, 2023

Acquisitions and Dispositions Disclosure [Abstract]

Preliminary Fair Value and Subsequent Measurement Period Adjustments of Assets Acquired and Liabilities Assumed, Including Reconciliation to Total Purchase Price

The preliminary fair value and subsequent measurement period adjustments of the assets acquired and liabilities assumed, including a reconciliation to the total purchase price, were as follows:

	As reported as of July 29, 2023			Measurement period adjustments			As of October 28, 2023
(in millions)
Cash and cash equivalents	$	19.6		$	—		$	19.6
Accounts receivable		17.1			—			17.1
Inventories		9.6			(0.2	)		9.4
Property, plant and equipment		12.9			3.4			16.3
Identifiable intangible assets		68.1			24.5			92.6
Accounts payable		(10.8	)		—			(10.8	)
Long-term debt		(24.4	)		—			(24.4	)
Other assets and liabilities, net		(2.8	)		(0.5	)		(3.3	)
Deferred tax liabilities		(13.4	)		(5.4	)		(18.8	)
Total identifiable net assets acquired		75.9			21.8			97.7
Goodwill		69.6			(21.8	)		47.8
Total fair value of net assets acquired		145.5			—			145.5
Less: redeemable noncontrolling interest		(11.3	)		—			(11.3	)
Total purchase price	$	134.2		$	—		$	134.2