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Revenue (Tables)
3 Months Ended
Jul. 26, 2019
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregation of Revenue

The following table depicts the disaggregation of revenue by our products and services (in millions):

 

 

Three Months Ended

 

 

 

July 26, 2019

 

 

July 27, 2018

 

Product revenues

 

$

644

 

 

$

875

 

Strategic

 

337

 

 

475

 

Mature

 

307

 

 

400

 

Software maintenance revenues

 

250

 

 

229

 

Hardware maintenance and other services revenues

 

342

 

 

370

 

Hardware maintenance support contracts

 

284

 

 

303

 

Professional and other services

 

58

 

 

67

 

Net revenues

 

$

1,236

 

 

$

1,474

 

Deferred Revenue and Financed Unearned Services Revenue

The following table summarizes the components of our deferred revenue and financed unearned services balance as reported in our condensed consolidated balance sheets (in millions):

 

 

 

July 26,

2019

 

 

April 26,

2019

 

Deferred product revenue

 

$

74

 

 

$

84

 

Deferred services revenue

 

 

3,361

 

 

 

3,502

 

Financed unearned services revenue

 

 

75

 

 

 

82

 

Total

 

$

3,510

 

 

$

3,668

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reported as:

 

 

 

 

 

 

 

 

Short-term

 

$

1,764

 

 

$

1,825

 

Long-term

 

 

1,746

 

 

 

1,843

 

Total

 

$

3,510

 

 

$

3,668

 

The following tables summarize the activity related to deferred revenue and financed unearned services revenue (in millions):

 

 

 

Three Months Ended

 

 

 

July 26, 2019

 

 

July 27, 2018

 

Balance at beginning of period

 

$

3,668

 

 

$

3,363

 

Additions

 

 

447

 

 

 

511

 

Revenue recognized during the period

 

 

(605

)

 

 

(614

)

Balance at end of period

 

$

3,510

 

 

$

3,260

 

Summary of Activity Related to Deferred Commissions and their Balances in Condensed Consolidated Balance Sheets The following tables summarize the activity related to deferred commissions and their balances as reported in our condensed consolidated balance sheets (in millions):

 

 

 

Three Months Ended

 

 

 

July 26, 2019

 

 

July 27, 2018

 

Balance at beginning of period

 

$

172

 

 

$

137

 

Additions

 

 

16

 

 

 

19

 

Expense recognized during the period

 

 

(25

)

 

 

(21

)

Balance at end of period

 

$

163

 

 

$

135

 

 

 

 

July 26,

2019

 

 

April 26,

2019

 

Other current assets

 

$

71

 

 

$

75

 

Other non-current assets

 

 

92

 

 

 

97

 

Total deferred commissions

 

$

163

 

 

$

172