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Stockholders' Equity (Tables) | 9 Months Ended
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Jan. 24, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Information Related to Stock Options | Information related to our stock options is summarized below (in millions):
|  | Nine Months Ended |
|  | January 24, 2020 |  |  | January 25, 2019 |
Intrinsic value of exercises |  | $ | 4 |  |  | $ | 28 |
Proceeds received from exercises |  | $ | 4 |  |  | $ | 23 |
Fair value of options vested |  | $ | 1 |  |  | $ | 2 |
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 |  |  | $ | 52.54 |
Vested |  |  | (3 | ) |  | $ | 38.74 |
Forfeited |  |  | (1 | ) |  | $ | 47.80 |
Outstanding as of January 24, 2020 |  |  | 7 |  |  | $ | 51.79 |
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):
|  | Nine Months Ended |
|  | January 24, 2020 |  |  | January 25, 2019 |
Shares withheld for taxes |  |  | 1 |  |  |  | 1 |
Fair value of shares withheld |  | $ | 77 |  |  | $ | 92 |
Schedule of Employee Stock Purchase Plan (ESPP) | The following table summarizes activity related to the purchase rights issued under the ESPP (in millions):
|  | Nine Months Ended |
|  | January 24, 2020 |  |  | January 25, 2019 |
Shares issued under the ESPP |  |  | 2 |  |  |  | 3 |
Proceeds from issuance of shares |  | $ | 98 |  |  | $ | 96 |
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 24, 2020 |  |  | January 25, 2019 |  |  | January 24, 2020 |  |  | January 25, 2019 |
Cost of product revenues |  | $ | 1 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 2 |
Cost of hardware maintenance and other services revenues |  |  | 2 |  |  |  | 3 |  |  |  | 7 |  |  |  | 8 |
Sales and marketing |  |  | 15 |  |  |  | 19 |  |  |  | 50 |  |  |  | 52 |
Research and development |  |  | 13 |  |  |  | 13 |  |  |  | 41 |  |  |  | 37 |
General and administrative |  |  | 5 |  |  |  | 7 |  |  |  | 17 |  |  |  | 22 |
Total stock-based compensation expense |  | $ | 36 |  |  | $ | 43 |  |  | $ | 118 |  |  | $ | 121 |
Income tax benefit for stock-based compensation expense |  | $ | 3 |  |  | $ | 1 |  |  | $ | 11 |  |  | $ | 11 |
Summary of Activities Related to Stock Repurchase Program | The following table summarizes activity related to this program for the nine months ended January 24, 2020 (in millions, except per share amounts):
Number of shares repurchased |  |  | 22 |
Average price per share |  | $ | 57.36 |
Aggregate purchase price |  | $ | 1,250 |
Remaining authorization at end of period |  | $ | 639 |
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 24, 2020 |  |  | January 25, 2019 |
Dividends per share declared |  | $ | 1.44 |  |  | $ | 1.20 |
Dividend payments allocated to additional paid-in capital |  | $ | 334 |  |  | $ | 306 |
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 | ) |  |  | 19 |
Amounts reclassified from AOCI, net of tax |  |  | — |  |  |  | (1 | ) |  |  | (14 | ) |  |  | — |  |  |  | (15 | )
Total other comprehensive income (loss) |  |  | (2 | ) |  |  | (1 | ) |  |  | 8 |  |  |  | (1 | ) |  |  | 4 |
Balance as of January 24, 2020 |  | $ | (36 | ) |  | $ | (4 | ) |  | $ | 1 |  |  | $ | — |  |  | $ | (39 | )

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