XML 153 R32.htm IDEA: XBRL DOCUMENT
v3.20.1

Acquisitions (Tables) | 12 Months Ended
--- | ---
Apr. 24, 2020
Business Combinations [Abstract] |
Schedule of Fair Value of the Assets Acquired and Liabilities Assumed |
(in millions) | Mazor Robotics
Cash and cash equivalents | $ | 109 |
Investments | 52 |
Accounts receivable | 9 |
Inventory | 5 |
Other current assets | 1 |
Property, plant, and equipment | 3 |
Goodwill | 1,318 |
Other intangible assets | 399 |
Tax assets | 9 |
Total assets acquired | 1,905 |
Current liabilities | 210 |
Deferred tax liabilities | 21 |
Total liabilities assumed | 231 |
Net assets acquired | $ | 1,674 |
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:
| Fiscal Year |  |
(in millions) | 2020 |  | 2019
Beginning Balance | $ | 222 |  |  | $ | 173 |
Purchase price contingent consideration | 125 |  |  | 151 |
Contingent consideration payments | (34) |  |  | (36) |
Change in fair value of contingent consideration | (33) |  |  | (66) |
Ending Balance | $ | 280 |  |  | $ | 222 |
Schedule of Significant Unobservable Inputs | The recurring Level 3 fair value measurements of contingent consideration include the following significant unobservable inputs:
(in millions) | Fair Value at April 24, 2020 |  | Valuation Technique |  | Unobservable Input |  | Range
|  |  |  |  | Discount rate |  | 11.5% - 32.4%
Revenue-based payments | $ | 101 |  |  | Discounted cash flow |  | Probability of payment |  | 40% - 100%
|  |  |  |  | Projected fiscal year of payment |  | 2021 - 2027
|  |  |  |  | Discount rate |  | 5.5%
Product development-based payments | $ | 179 |  |  | Discounted cash flow |  | Probability of payment |  | 50% - 100%
|  |  |  |  | Projected fiscal year of payment |  | 2021 - 2027

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

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionContingentConsiderationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration