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Acquisitions and Divestitures | 12 Months Ended
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Jul. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Acquisitions and Divestitures | Acquisitions and Divestitures (a)Acquisition Summary We completed three acquisitions during fiscal 2022. A summary of the allocation of the total purchase consideration is presented as follows (in millions):
Fiscal 2022 | Purchase Consideration |  | Net Tangible Assets Acquired (Liabilities Assumed) |  | Purchased Intangible Assets |  | Goodwill
Total acquisitions (three in total) | $ | 364 |  |  | $ | 12 |  |  | $ | 20 |  |  | $ | 332 |
The total purchase consideration related to our acquisitions completed during fiscal 2022 consisted of cash consideration and vested share-based awards assumed. The total cash and cash equivalents acquired from these acquisitions was approximately $7 million. Fiscal 2021 Acquisitions Allocation of the purchase consideration for acquisitions completed in fiscal 2021 is summarized as follows (in millions):
Fiscal 2021 | Purchase Consideration |  | Net Tangible Assets Acquired (Liabilities Assumed) |  | Purchased Intangible Assets |  | Goodwill
Acacia | $ | 4,983 |  |  | $ | 442 |  |  | $ | 2,160 |  |  | $ | 2,381 |
Others (12 in total) | 2,472 |  |  | (130) |  |  | 754 |  |  | 1,848 |
Total | $ | 7,455 |  |  | $ | 312 |  |  | $ | 2,914 |  |  | $ | 4,229 |
On March 1, 2021, we completed our acquisition of Acacia Communications, Inc. (“Acacia”), a public fabless semiconductor company that develops, manufactures and sells high-speed coherent optical interconnect products that are designed to transform communications networks through improvements in performance, capacity and cost. Revenue from the Acacia acquisition has been included in our Internet for the Future product category. The total purchase consideration related to our acquisitions completed during fiscal 2021 consisted of cash consideration and vested share-based awards assumed. The total cash and cash equivalents acquired from these acquisitions was approximately $338 million. Fiscal 2020 Acquisitions In fiscal 2020, we completed six acquisitions for total purchase consideration of $359 million. (b) Other Acquisition and Divestiture Information Total transaction costs related to acquisition and divestiture activities during fiscal 2022, 2021, and 2020 were $50 million, $46 million, and $21 million, respectively. These transaction costs were expensed as incurred in G&A expenses in the Consolidated Statements of Operations. The goodwill generated from acquisitions completed during fiscal 2022 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 fiscal 2022, 2021, and 2020 have not been presented because the effects of the acquisitions, individually and in the aggregate, were not material to our financial results.

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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 https://asc.fasb.org/topic&trid=2303972 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 5 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4946-128472 + Details
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