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Business Combinations and Asset Acquisitions (Tables)

6 Months Ended

May 05, 2024

VMware Acquisition

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

Purchase Consideration

						(In millions)
Fair value of Broadcom common stock issued for outstanding VMware common stock						$	53,398
Cash paid for outstanding VMware common stock						30,788
Cash paid by Broadcom to retire VMware’s term loan						1,257
Fair value of partially vested assumed VMware equity awards						805
Fair value of Broadcom common stock issued for accelerated VMware equity awards						23
Cash paid for accelerated VMware equity awards						13
Effective settlement of pre-existing relationships						6
Total purchase consideration						86,290
Less: cash acquired						6,642
Total purchase consideration, net of cash acquired						$	79,648

Schedule of Assets Acquired and Liabilities Assumed

The following table presents our preliminary allocation of the total purchase price, net of cash acquired, updated as of May 5, 2024:

						Estimated Fair Value
						(In millions)
Trade accounts receivable						$	3,571
Inventory						15
Assets held-for-sale						5,206
Other current assets						757
Property, plant and equipment						531
Goodwill						54,206
Intangible assets						45,572
Other long-term assets						1,064
Total assets acquired						110,922
Accounts payable						(359)
Employee compensation and benefits						(848)
Current portion of long-term debt						(1,264)
Liabilities held-for-sale						(1,901)
Other current liabilities						(11,041)
Long-term debt						(6,254)
Other long-term liabilities						(9,607)
Total liabilities assumed						(31,274)
Fair value of net assets acquired						$	79,648

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Intangible Assets

						Fair Value						Weighted-Average Amortization Periods
						(In millions)						(In years)
Developed technology						$	24,156					8
Customer contracts and related relationships						15,239						8
Trade name						1,205						14
Off-market component of customer contracts						242						2
Total identified finite-lived intangible assets						40,842
In-process research and development						4,730						N/A
Total identified intangible assets						$	45,572

Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table presents the details of IPR&D by category as of the date of the VMware Merger:

Description						IPR&D						Percentage of Completion						Estimated Cost to Complete						Expected Release Date (By Fiscal Year)
						(Dollars in millions)
VMware cloud foundation July 2024 releases						$	790					67		%				$	38					2024
VMware cloud foundation March 2025 releases						$	2,900					58		%				$	185					2025
VMware cloud foundation July 2025 releases						$	750					43		%				$	65					2025
VMware cloud foundation networking and security virtualization						$	265					21		%				$	59					2024
Application networking and security						$	25					21		%				$	47					2024

Schedule of Pro Forma Information

						Fiscal Quarter Ended												Two Fiscal Quarters Ended
						May 5, 2024						April 30, 2023						May 5, 2024						April 30, 2023
						(In millions)
Pro forma net revenue						$	12,507					$	11,665					$	25,030					$	23,889
Pro forma net income						$	2,261					$	1,796					$	3,876					$	3,849

Seagate's SoC Business Acquisition

Business Acquisition [Line Items]

Schedule of Assets Acquired and Liabilities Assumed

						Estimated Fair Value
						(In millions)
Intangible assets						$	570
Goodwill						14
Other assets						16
Total assets acquired						$	600

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Intangible Assets

						Fair Value						Weighted-Average Amortization Periods
						(In millions)						(In years)
Customer contracts and related relationships						$	410					11
Developed technology						90						11
Total identified finite-lived intangible assets						500
In-process research and development						70						N/A
Total identified intangible assets						$	570

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