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Business Combinations | 6 Months Ended
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Oct. 29, 2021
Business Combinations [Abstract] |
Business Combinations | 3. Business Combinations Fiscal 2022 Acquisition Data Mechanics Inc. Acquisition On June 18, 2021, we acquired all the outstanding shares of privately-held Data Mechanics Inc., a provider of managed platforms for big data processing and cloud analytics headquartered in Paris, France, for approximately $15 million in cash. The preliminary acquisition date fair values of the assets acquired and liabilities assumed are as follows (in millions):
|  | Amount |
Cash |  | $ | 1 |
Developed technology |  |  | 5 |
Goodwill |  |  | 11 |
Total assets acquired |  |  | 17 |
Liabilities assumed |  |  | (2 | )
Total purchase price |  | $ | 15 |
The results of operations related to this acquisition have been included in our condensed consolidated statements of income from the acquisition date. Pro forma results of operations have not been presented because the impact from the acquisition is not material to our consolidated results of operations. Fiscal 2021 Acquisitions Cloud Jumper Corporation Acquisition On April 28, 2020, we acquired all the outstanding shares of privately-held Cloud Jumper Corporation (Cloud Jumper), a provider of virtual desktop infrastructure and remote desktop services solutions based in North Carolina, for $34 million in cash. The acquisition date fair values of the assets acquired and liabilities assumed were as follows (in millions):
|  | Amount |
Developed technology |  | $ | 16 |
Customer contracts/relationships |  |  | 6 |
Goodwill |  |  | 12 |
Other assets |  |  | 1 |
Total assets acquired |  |  | 35 |
Liabilities assumed |  |  | (1 | )
Total purchase price |  | $ | 34 |
Spot, Inc. Acquisition On July 9, 2020, we acquired all the outstanding shares of privately-held Spot, Inc. (Spot), a provider of compute management cost optimization services on the public clouds based in Israel, for $340 million in cash. The acquisition date fair values of the assets acquired and liabilities assumed were as follows (in millions):
|  | Amount |
Cash |  | $ | 24 |
Intangible assets |  |  | 84 |
Goodwill |  |  | 249 |
Other assets |  |  | 6 |
Total assets acquired |  |  | 363 |
Liabilities assumed |  |  | (23 | )
Total purchase price |  | $ | 340 |
The components of the Spot intangible assets acquired were as follows (in millions, except useful life):
|  | Amount |  |  | Estimated useful life (years) |
Developed technology |  | $ | 53 |  |  |  | 5 |
Customer contracts/relationships |  |  | 28 |  |  |  | 5 |
Trade name |  |  | 3 |  |  |  | 3 |
Total intangible assets |  | $ | 84 |  |  |  |
The acquired assets and assumed liabilities of Spot and Cloud Jumper were recorded at their estimated fair values. We determined the estimated fair values with the assistance of valuations and appraisals performed by third party specialists and estimates made by management. We expect to realize revenue synergies, leverage and expand the existing Spot and Cloud Jumper sales channels and product development resources, and utilize their existing workforces. We also anticipate opportunities for growth through the ability to leverage additional future products and capabilities. These factors, among others, contributed to a purchase price in excess of the estimated fair value of their identifiable net assets acquired, and as a result, we have recorded goodwill in connection with both of these acquisitions. The goodwill is not deductible for income tax purposes. The results of operations related to the acquisition of both Spot and Cloud Jumper have been included in our consolidated statements of income from their respective acquisition dates. Pro forma results of operations have not been presented because the impact from these acquisitions was not material to our consolidated results of operations for the six months ended October 30, 2020.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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