v3.25.2
Acquisitions (Tables)
 12 Months Ended
Jul. 26, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Summary of Allocation of Total Purchase Consideration
Allocation of the total purchase consideration for acquisitions we completed during fiscal 2025 is summarized as follows (in millions):
Fiscal 2025Purchase ConsiderationNet Tangible Assets Acquired (Liabilities Assumed)Purchased Intangible AssetsGoodwill
Total acquisitions$293 $(21)$121 $193 
Allocation of the total purchase consideration for acquisitions we completed during fiscal 2024 is summarized as follows (in millions):
Fiscal 2024Purchase ConsiderationNet Tangible Assets Acquired (Liabilities Assumed)Purchased Intangible AssetsGoodwill
Splunk$27,090 $(2,761)$10,550 $19,301 
Other acquisitions1,370 (47)500 917 
Total acquisitions$28,460 $(2,808)$11,050 $20,218 
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 services137 
Settlement of pre-existing relationships3 
Total purchase consideration$27,090 
Allocation of the total purchase consideration for Splunk is presented as follows (in millions):
Amount
Cash and cash equivalents$2,422 
Investments285 
Accounts receivable, net623 
Goodwill19,301 
Purchased intangible assets10,550 
Deferred tax assets1,308 
Other current and noncurrent assets1,176 
Accounts payable(39)
Accrued compensation(337)
Current portion of deferred revenue(1,768)
Splunk convertible notes(3,344)
Deferred tax liabilities(2,523)
Noncurrent portion of deferred revenue(86)
Other current and other noncurrent liabilities(478)
Total$27,090 
Allocation of the total purchase consideration for acquisitions completed during fiscal 2023 is summarized as follows (in millions):
Fiscal 2023Purchase ConsiderationNet Tangible Assets Acquired (Liabilities Assumed)Purchased Intangible AssetsGoodwill
Total acquisitions$315 $(18)$150 $183 
Pro Forma Financial Information
The following table summarizes the pro forma financial information (in millions):
Years EndedJuly 27, 2024July 29, 2023
Total revenue$56,761 $60,841 
Net income$9,280 $10,078 
Compensation Expense Related to Business Acquisitions
The following table summarizes the compensation expense related to acquisitions (in millions):
July 26, 2025July 27, 2024July 29, 2023
Compensation expense related to acquisitions$876 $618 $222