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Acquisitions (Tables) | 6 Months Ended
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Oct. 30, 2020
Business Combinations [Abstract] |
Reconciliation of Beginning and Ending Balances of Contingent Consideration | The following table provides a reconciliation of the beginning and ending balances of contingent consideration:
| Three months ended |  | Six months ended
(in millions) | October 30, 2020 |  | October 25, 2019 |  | October 30, 2020 |  | October 25, 2019
Beginning balance | $ | 297 |  |  | $ | 269 |  |  | $ | 280 |  |  | $ | 222 |
Purchase price contingent consideration | 158 |  |  | 7 |  |  | 158 |  |  | 65 |
Payments | (1) |  |  | (15) |  |  | (2) |  |  | (29) |
Change in fair value | 7 |  |  | (1) |  |  | 25 |  |  | 2 |
Ending balance | $ | 461 |  |  | $ | 260 |  |  | $ | 461 |  |  | $ | 260 |
Fair Value Measurements, Contingent Consideration, Significant Unobservable Inputs | The recurring Level 3 fair value measurements of contingent consideration for which a liability is recorded include the following significant unobservable inputs:
|  | Fair Value at |  |  |  |  |  |  |  |
(in millions) |  | October 30, 2020 |  |  |  | Unobservable Input |  | Range |  | Weighted Average (1)
|  |  |  |  |  | Discount rate |  | 14.0% - 32.4% |  | 20.7%
Revenue and other performance-based payments |  | $203 |  |  |  | Probability of payment |  | 40% - 100% |  | 99.4%
|  |  |  |  |  | Projected fiscal year of payment |  | 2021 - 2027 |  | 2024
|  |  |  |  |  | Discount rate |  | 5.5% |  | 5.5%
Product development and other milestone-based payments |  | $258 |  |  |  | Probability of payment |  | 50% - 100% |  | 93.2%
|  |  |  |  |  | Projected fiscal year of payment |  | 2021 - 2027 |  | 2024
(1) Unobservable inputs were weighted by the relative fair value of the contingent consideration liability. For projected fiscal year of payment, the amount represents the median of the inputs and is not a weighted average.

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- 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
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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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