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Stockholders' Equity (Tables) | 9 Months Ended
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Jan. 29, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Activity Related to Stock Options | The following table summarizes information related to our stock options (in millions, except exercise price and contractual term):
|  | Number of Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Outstanding as of April 24, 2015 |  |  | 12 |  |  | $ | 37.74 |  |  |  |  |  |  |  |  |
Exercised |  |  | (1 | ) |  | $ | 21.15 |  |  |  |  |  |  |  |  |
Forfeited and expired |  |  | (3 | ) |  | $ | 39.11 |  |  |  |  |  |  |  |  |
Outstanding as of January 29, 2016 |  |  | 8 |  |  | $ | 39.68 |  |  |  | 2.64 |  |  | $ | 1 |
Vested and expected to vest as of January 29, 2016 |  |  | 8 |  |  | $ | 39.73 |  |  |  | 2.55 |  |  | $ | 1 |
Exercisable as of January 29, 2016 |  |  | 7 |  |  | $ | 40.29 |  |  |  | 2.17 |  |  | $ | 1 |
Additional Information Related to Stock Options | Additional information related to our stock options is summarized below (in millions):
|  | Nine Months Ended |
|  | January 29, 2016 |  |  | January 23, 2015 |
Intrinsic value of exercises |  | $ | 12 |  |  | $ | 61 |
Proceeds received from exercises |  | $ | 24 |  |  | $ | 100 |
Fair value of options vested |  | $ | 10 |  |  | $ | 26 |
Activity Related to Restricted Stock Units Including Performance-Based Restricted Stock Units | The following table summarizes information related to RSUs, including PBRSUs, (in millions, except for fair value):
|  | Number of Shares |  |  | Weighted- Average Grant Date Fair Value |
Outstanding as of April 24, 2015 |  |  | 13 |  |  | $ | 36.58 |
Granted |  |  | 6 |  |  | $ | 30.49 |
Vested |  |  | (5 | ) |  | $ | 37.67 |
Forfeited |  |  | (2 | ) |  | $ | 35.08 |
Outstanding as of January 29, 2016 |  |  | 12 |  |  | $ | 33.46 |
Number and Value of the Shares Netted for Employee Taxes | The number and value of the shares netted for employee taxes are summarized in the table below (in millions):
|  | Nine Months Ended |
|  | January 29, 2016 |  |  | January 23, 2015 |
Shares withheld for taxes |  |  | 2 |  |  |  | 1 |
Fair value of shares withheld |  | $ | 47 |  |  | $ | 51 |
Schedule of Employee Stock Purchase Plan (ESPP) Disclosures | The following table summarizes activity related to the purchase rights issued under the ESPP (in millions):
|  | Nine Months Ended |
|  | January 29, 2016 |  |  | January 23, 2015 |
Shares issued under the ESPP |  |  | 3 |  |  |  | 3 |
Proceeds from issuance of shares |  | $ | 93 |  |  | $ | 97 |
Stock-Based Compensation Expense | Stock-based compensation expense is included in the condensed consolidated statements of operations as follows (in millions):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | January 29, 2016 |  |  | January 23, 2015 |  |  | January 29, 2016 |  |  | January 23, 2015 |
Cost of product revenues |  | $ | 1 |  |  | $ | 2 |  |  | $ | 4 |  |  | $ | 5 |
Cost of hardware maintenance and other services revenues |  |  | 5 |  |  |  | 4 |  |  |  | 15 |  |  |  | 12 |
Sales and marketing |  |  | 27 |  |  |  | 30 |  |  |  | 84 |  |  |  | 87 |
Research and development |  |  | 20 |  |  |  | 21 |  |  |  | 64 |  |  |  | 64 |
General and administrative |  |  | 10 |  |  |  | 9 |  |  |  | 32 |  |  |  | 28 |
Total stock-based compensation expense |  | $ | 63 |  |  | $ | 66 |  |  | $ | 199 |  |  | $ | 196 |
Income Tax Effects Associated with Employee Stock Transactions | Total income tax benefit associated with employee stock transactions and recognized in stockholders’ equity were as follows (in millions):
|  | Nine Months Ended |
|  | January 29, 2016 |  |  | January 23, 2015 |
Income tax benefit associated with employee stock transactions |  | $ | 37 |  |  | $ | 54 |
Summary of Activities Related to Stock Repurchase Program | The following table summarizes activity related to this program for the nine months ended January 29, 2016 (in millions, except per share amounts):
Number of shares repurchased |  |  | 23 |
Average price per share |  | $ | 30.75 |
Aggregate purchase price |  | $ | 698 |
Remaining authorization at end of period |  | $ | 1,762 |
Summary of Activities Related to Dividends on Common Stock | The following is a summary of our activities related to dividends on our common stock (in millions, except per share amounts):
|  | Nine Months Ended |
|  | January 29, 2016 |  |  | January 23, 2015 |
Dividends per share declared |  | $ | 0.540 |  |  | $ | 0.495 |
Dividend payments allocated to additional paid-in capital |  | $ | 84 |  |  | $ | 52 |
Dividend payments allocated to retained earnings |  | $ | 75 |  |  | $ | 105 |
Reconciliation of Retained Earnings | A reconciliation of retained earnings is as follows (in millions):
Balance as of April 24, 2015 |  | $ | 53 |
Net income |  |  | 237 |
Repurchases of common stock |  |  | (164 | )
Dividends |  |  | (75 | )
Balance as of January 29, 2016 |  | $ | 51 |
Accumulated Other Comprehensive Income (Loss) by Component Net of Tax | Changes in accumulated other comprehensive income (loss) (AOCI) by component, net of tax, are summarized below (in millions):
|  | Foreign Currency Translation Adjustments |  |  | Defined Benefit Obligation Adjustments |  |  | Unrealized Gains (Losses) on Available- for-Sale Securities |  |  | Unrealized Gains (Losses) on Derivative Instruments |  |  | Total |
Balance as of April 24, 2015 |  | $ | (23 | ) |  | $ | (13 | ) |  | $ | 11 |  |  | $ | 1 |  |  | $ | (24 | )
OCI before reclassifications, net of tax |  |  | (7 | ) |  |  | — |  |  |  | (11 | ) |  |  | — |  |  |  | (18 | )
Amounts reclassified from AOCI, net of tax |  |  | — |  |  |  | 2 |  |  |  | (1 | ) |  |  | — |  |  |  | 1 |
Total OCI |  |  | (7 | ) |  |  | 2 |  |  |  | (12 | ) |  |  | — |  |  |  | (17 | )
Balance as of January 29, 2016 |  | $ | (30 | ) |  | $ | (11 | ) |  | $ | (1 | ) |  | $ | 1 |  |  | $ | (41 | )
Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) | The amounts reclassified out of AOCI are as follows (in millions):
|  | Three Months Ended |  |  | Nine Months Ended |  |  |
|  | January 29, 2016 |  |  | January 23, 2015 |  |  | January 29, 2016 |  |  | January 23, 2015 |  |  |
|  | Amounts Reclassified from AOCI |  |  | Amounts Reclassified from AOCI |  |  | Statements of Operations Location
Recognized losses on defined benefit obligations |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | Operating expenses
Realized gains on available-for-sale securities |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  | Other income (expense), net
Realized gains on cash flow hedges |  |  | (2 | ) |  |  | (15 | ) |  |  | — |  |  |  | (9 | ) |  | Net revenues
Total reclassifications |  | $ | (2 | ) |  | $ | (15 | ) |  | $ | 1 |  |  | $ | (9 | ) |  |

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