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Stockholders' Equity (Tables)

6 Months Ended

Oct. 25, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Information Related to Stock Options

Information related to our stock options is summarized below (in millions):

		Six Months Ended
		October 25, 2019				October 26, 2018
Intrinsic value of exercises		$	3			$	22
Proceeds received from exercises		$	2			$	17
Fair value of options vested		$	—			$	1

Activity Related to Restricted Stock Units Including Performance-Based Restricted Stock Units

The following table summarizes information related to our RSUs, including PBRSUs, (in millions, except fair value):

		Number of Shares				Weighted- Average Grant Date Fair Value
Outstanding as of April 26, 2019			8			$	45.68
Granted			3			$	52.21
Vested			(3	)		$	37.88
Forfeited			(1	)		$	47.64
Outstanding as of October 25, 2019			7			$	51.25

Number and Value of Shares Netted for Employee Taxes

The number and value of the shares netted for employee taxes are summarized in the table below (in millions):

		Six Months Ended
		October 25, 2019				October 26, 2018
Shares withheld for taxes			1				1
Fair value of shares withheld		$	74			$	89

Schedule of Employee Stock Purchase Plan (ESPP)

The following table summarizes activity related to the purchase rights issued under the ESPP (in millions):

		Six Months Ended
		October 25, 2019				October 26, 2018
Shares issued under the ESPP			1				2
Proceeds from issuance of shares		$	54			$	49

Stock-Based Compensation Expense

Stock-based compensation expense is included in the condensed consolidated statements of operations as follows (in millions):

		Three Months Ended								Six Months Ended
		October 25, 2019				October 26, 2018				October 25, 2019				October 26, 2018
Cost of product revenues		$	1			$	—			$	2			$	1
Cost of hardware maintenance and other services revenues			3				2				5				5
Sales and marketing			17				16				35				33
Research and development			13				12				28				24
General and administrative			6				8				12				15
Total stock-based compensation expense		$	40			$	38			$	82			$	78
Income tax benefit for stock-based compensation expense		$	4			$	5			$	8			$	10

Summary of Activities Related to Stock Repurchase Program

The following table summarizes activity related to this program for the six months ended October 25, 2019 (in millions, except per share amounts):

Number of shares repurchased			14
Average price per share		$	55.06
Aggregate purchase price		$	750
Remaining authorization at end of period		$	1,139

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):

		Six Months Ended
		October 25, 2019				October 26, 2018
Dividends per share declared		$	0.96			$	0.80
Dividend payments allocated to additional paid-in capital		$	226			$	207
Dividend payments allocated to retained earnings		$	—			$	—

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 26, 2019		$	(34	)		$	(3	)		$	(7	)		$	1			$	(43	)
Other comprehensive income (loss), net of tax			(2	)			—				22				1				21
Amounts reclassified from AOCI, net of tax			—				—				(14	)			—				(14	)
Total other comprehensive income			(2	)			—				8				1				7
Balance as of October 25, 2019		$	(36	)		$	(3	)		$	1			$	2			$	(36	)

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