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Acquisitions and Acquisition-Related Items (Tables) | 3 Months Ended
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Jul. 28, 2017
Business Acquisition [Line Items] |
Fair Value Measurements, Contingent Consideration, Significant Unobservable Inputs | The recurring Level 3 fair value measurements of contingent consideration include the following significant unobservable inputs:
|  | Fair Value at |  |  |  |  |  |
(in millions) |  | July 28, 2017 |  | Valuation Technique |  | Unobservable Input |  | Range
|  |  |  |  |  | Discount rate |  | 11% - 32.5%
Revenue-based payments |  | $103 |  | Discounted cash flow |  | Probability of payment |  | 30% - 100%
|  |  |  |  |  | Projected fiscal year of payment |  | 2018 - 2026
|  |  |  |  |  | Discount rate |  | 0.3% - 5.5%
Product development-based payments |  | $139 |  | Discounted cash flow |  | Probability of payment |  | 75% - 100%
|  |  |  |  |  | Projected fiscal year of payment |  | 2018 - 2025
Reconciliation of Beginning and Ending Balances of Contingent Consideration Associated with Acquisitions | The following table provides a reconciliation of the beginning and ending balances of contingent consideration:
| Three months ended
(in millions) | July 28, 2017 |  | July 29, 2016
Beginning Balance | $ | 246 |  |  | $ | 377 |
Purchase price contingent consideration | — |  |  | 21 |
Payments | (3 | ) |  | (14 | )
Change in fair value | (1 | ) |  | (5 | )
Ending Balance | $ | 242 |  |  | $ | 379 |
Heartware International, Inc. |
Business Acquisition [Line Items] |
Fair Value of Assets Acquired and Liabilities Assumed | The acquisition date fair values of the assets and liabilities acquired are as follows:
(in millions) | HeartWare International, Inc.
Other current assets | $ | 351 |
Property, plant, and equipment | 14 |
Other intangible assets | 625 |
Goodwill | 481 |
Other assets | 84 |
Total assets acquired | 1,555 |
Current liabilities | 143 |
Deferred tax liabilities | 6 |
Long-term debt | 245 |
Other liabilities | 89 |
Total liabilities assumed | 483 |
Net assets acquired | $ | 1,072 |

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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of liabilities. This disclosure may include, but is not limited to, the fair value of the liability, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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