XML 31 R14.htm IDEA: XBRL DOCUMENT
v3.23.2

Acquisitions and Divestitures | 12 Months Ended
--- | ---
Jul. 29, 2023
Business Combination and Asset Acquisition [Abstract] |
Acquisitions and Divestitures | Acquisitions and Divestitures (a)Acquisition Summary We completed five acquisitions during fiscal 2023. A summary of the allocation of the total purchase consideration is presented as follows (in millions):
Fiscal 2023 | Purchase Consideration |  | Net Tangible Assets Acquired (Liabilities Assumed) |  | Purchased Intangible Assets |  | Goodwill
Total acquisitions (five in total) | $ | 315 |  |  | $ | (18) |  |  | $ | 150 |  |  | $ | 183 |
The total purchase consideration related to our acquisitions completed during fiscal 2023 consisted primarily of cash consideration. The total cash and cash equivalents acquired from these acquisitions was approximately $7 million. Fiscal 2022 Acquisitions Allocation of the purchase consideration for acquisitions completed in fiscal 2022 is summarized 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 In fiscal 2021, we completed 13 acquisitions for total purchase consideration of $7.5 billion. (b) Other Acquisition and Divestiture Information Total transaction costs related to acquisition and divestiture activities during fiscal 2023, 2022, and 2021 were $26 million, $50 million, and $46 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 2023 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 2023, 2022, and 2021 have not been presented because the effects of the acquisitions were not material to our financial results.

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//805/tableOfContent + Details
Name: | us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration