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Income Taxes (Tables)

12 Months Ended

Apr. 29, 2016

Income Tax Disclosure [Abstract]

Income Before Income Taxes

Income before income taxes is as follows (in millions):

		Year Ended
		April 29, 2016				April 24, 2015				April 25, 2014
Domestic		$	88			$	253			$	121
Foreign			257				460				620
Total		$	345			$	713			$	741

Provision for Income Taxes

The provision for income taxes consists of the following (in millions):

		Year Ended
		April 29, 2016				April 24, 2015				April 25, 2014
Current:
Federal		$	180			$	104			$	124
State			14				12				14
Foreign			35				40				41
Total current			229				156				179
Deferred:
Federal			(91	)			8				(65	)
State			(17	)			(3	)			(6	)
Foreign			(5	)			(8	)			(5	)
Total deferred			(113	)			(3	)			(76	)
Provision for income taxes		$	116			$	153			$	103

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate as follows (in millions):

		Year Ended
		April 29, 2016				April 24, 2015				April 25, 2014
Tax computed at federal statutory rate		$	121			$	250			$	259
State income taxes, net of federal benefit			(3	)			5				6
Foreign earnings in lower tax jurisdictions			(81	)			(141	)			(163	)
Stock-based compensation			13				6				10
Research and development credits			(14	)			(14	)			(9	)
Resolution of income tax examinations			20				46				—
Domestic production activities deduction			(10	)			(5	)			(6	)
Tax charge from integration of intellectual property    from the SolidFire acquisition			64				—				—
Other			6				6				6
Provision for income taxes		$	116			$	153			$	103

Deferred Tax Assets and Liabilities

The components of our deferred tax assets and liabilities are as follows (in millions):

		April 29, 2016				April 24, 2015
Deferred tax assets:
Reserves and accruals		$	214			$	94
Acquired intangibles			—				44
Net operating loss and credit carryforwards			72				80
Stock-based compensation			66				70
Deferred revenue			336				298
Other			39				27
Gross deferred tax assets			727				613
Valuation allowance			(59	)			(58	)
Deferred tax assets, net of valuation allowance			668				555
Deferred tax liabilities:
Prepaids and accruals			3				4
Acquired intangibles			27				14
Property and equipment			14				26
Other			3				3
Total deferred tax liabilities			47				47
Deferred tax assets, net of valuation allowance and deferred tax liabilities		$	621			$	508

Net Deferred Tax Assets

Net deferred tax assets consist of the following (in millions):

		April 29, 2016				April 24, 2015
Current deferred tax assets, net		$	—			$	252
Non-current deferred tax assets, net		$	621			$	256

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):

		Year Ended
		April 29, 2016				April 24, 2015				April 25, 2014
Balance at beginning of period		$	272			$	236			$	190
Additions based on tax positions related to the current year			14				22				27
Additions for tax positions of prior years			21				101				24
Decreases for tax positions of prior years			(39	)			(29	)			(5	)
Settlements			(52	)			(58	)			—
Balance at end of period		$	216			$	272			$	236

Summary of Tax Years Remain Subject to Examinations under Major Tax Jurisdictions

The tax years that remain subject to examination for our major tax jurisdictions are shown below:

Fiscal Years Subject to Examination for Major Tax Jurisdictions at April 29, 2016

2012 — 2016		United States — federal income tax
2008 — 2016		United States — state and local income tax
2012 — 2016		Australia
2013 — 2016		Germany
2007 — 2016		India
2010 — 2016		Japan
2012 — 2016		The Netherlands
2013 — 2016		United Kingdom
2008 — 2016		Canada

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