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Acquisitions (Tables) | 9 Months Ended
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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 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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