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Acquisitions and Divestitures | 9 Months Ended
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Apr. 27, 2019
Business Combinations [Abstract] |
Acquisitions and Divestitures | Acquisitions and Divestitures We completed five acquisitions during the first nine months of fiscal 2019. A summary of the allocation of the total purchase consideration is presented as follows (in millions):
| Purchase Consideration |  | Net Tangible Assets Acquired (Liabilities Assumed) |  | Purchased Intangible Assets |  | Goodwill
Duo | $ | 2,025 |  |  | $ | (57 | ) |  | $ | 342 |  |  | $ | 1,740 |
Luxtera | 596 |  |  | (19 | ) |  | 319 |  |  | 296 |
Others (three in total) | 65 |  |  | 2 |  |  | 11 |  |  | 52 |
Total | $ | 2,686 |  |  | $ | (74 | ) |  | $ | 672 |  |  | $ | 2,088 |
On September 28, 2018, we completed our acquisition of privately held Duo Security, Inc. ("Duo"), a leading provider of unified access security and multi-factor authentication delivered through the cloud. Revenue from the Duo acquisition has been included in our Security product category. On February 6, 2019, we completed our acquisition of Luxtera, Inc. ("Luxtera"), a privately held semiconductor company. Revenue from the Luxtera acquisition has been included in our Infrastructure Platforms product category. The total purchase consideration related to acquisitions completed during the first nine months of fiscal 2019 consisted of cash consideration. The total cash and cash equivalents acquired from these acquisitions was approximately $100 million. Total transaction costs related to acquisition and divestiture activities were $15 million and $25 million for the first nine months of fiscal 2019 and 2018, respectively. These transaction costs were expensed as incurred in general and administrative expenses ("G&A") in the Consolidated Statements of Operations. The goodwill generated from acquisitions completed during the first nine months of fiscal 2019 is primarily related to expected synergies. The goodwill is generally not deductible for income tax purposes. The Consolidated Financial Statements include the operating results of each acquisition from the date of acquisition. Pro forma results of operations and the revenue and net income subsequent to the acquisition date for the acquisitions completed during the first nine months of fiscal 2019 have not been presented because the effects of the acquisitions, individually and in the aggregate, were not material to our financial results. Divestiture of Service Provider Video Software Solutions On October 28, 2018, we completed the sale of the Service Provider Video Software Solutions business. This business had tangible assets of approximately $160 million (primarily comprised of accounts receivables, inventories and various other current and long-term assets) and net intangible assets and goodwill (based on relative fair value) of $340 million. In addition, the business had total liabilities of approximately $200 million (primarily comprised of deferred revenue and various other current and long-term liabilities). We recognized an immaterial gain from this transaction in the first nine months of fiscal 2019. We completed two divestitures during the second quarter of fiscal 2018. The financial statement impact of these divestitures was not material for the first nine months of fiscal 2018.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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