Acquisitions (Tables)

9 Months Ended

Apr. 27, 2024

Business Combination and Asset Acquisition [Abstract]

Summary of Allocation of Total Purchase Consideration

The following table summarizes the purchase consideration for the Splunk acquisition (in millions):

	Amount
Cash paid for outstanding Splunk common stock	$	26,950
Fair value of converted Splunk equity awards attributable to pre-acquisition services	137
Settlement of pre-existing relationships	3
Total purchase consideration	$	27,090

A summary of the allocation of the total purchase consideration of these additional acquisitions completed during the first nine months of fiscal 2024 is presented as follows (in millions):

	Purchase Consideration		Net Tangible Assets Acquired (Liabilities Assumed)		Purchased Intangible Assets		Goodwill
Total other acquisitions	$	1,370	$	(82)	$	500	$	952

Summary of Preliminary Allocation of Purchase Consideration

A summary of the preliminary allocation of the total purchase consideration for Splunk is presented as follows (in millions):

	Amount
Cash and cash equivalents	$	2,422
Investments	285
Accounts receivable, net	623
Goodwill	19,301
Purchased intangible assets	10,550
Deferred tax assets	1,308
Other current and other assets	1,176
Accounts payable	(39)
Accrued compensation	(337)
Current portion of deferred revenue	(1,768)
Splunk convertible notes	(3,344)
Deferred tax liabilities	(2,572)
Long-term portion of deferred revenue	(86)
Other current and other long-term liabilities	(429)
Total	$	27,090

The following table presents as of the acquisition date details of the purchased intangible assets acquired (in millions, except years):

	Weighted-Average Useful Life (in Years)	Amount
Technology	6.0	$	3,900
Customer related	9.1	6,140
Trade name	12.0	510
Total		$	10,550

Pro Forma Financial Information

The following table summarizes the pro forma financial information (in millions):

	Three Months Ended				Nine Months Ended
	April 27, 2024		April 29, 2023		April 27, 2024		April 29, 2023
Total revenue	$	13,107	$	15,323	$	43,119	$	44,727
Net income	$	1,490	$	2,423	$	7,127	$	6,776

Compensation Expense Related to Business Acquisitions

The following table summarizes the compensation expense related to acquisitions (in millions):

	Three Months Ended				Nine Months Ended
	April 27, 2024		April 29, 2023		April 27, 2024		April 29, 2023
Compensation expense related to acquisitions	$	216	$	53	$	310	$	176