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Stockholders' Equity (Tables)

9 Months Ended

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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