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Revenue (Tables)
9 Months Ended
Jan. 29, 2021
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

 

 

Nine Months Ended

 

 

 

January 29,

2021

 

 

January 24,

2020

 

 

January 29,

2021

 

 

January 24,

2020

 

Product revenues

 

$

775

 

 

$

787

 

 

$

2,151

 

 

$

2,202

 

Software maintenance revenues

 

334

 

 

263

 

 

938

 

 

767

 

Hardware maintenance and other services revenues

 

361

 

 

354

 

 

 

1,100

 

 

 

1,042

 

Hardware maintenance support contracts

 

293

 

 

293

 

 

896

 

 

 

863

 

Professional and other services

 

68

 

 

61

 

 

204

 

 

 

179

 

Net revenues

 

$

1,470

 

 

$

1,404

 

 

$

4,189

 

 

$

4,011

 

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):

 

 

 

January 29,

2021

 

 

April 24,

2020

 

Deferred product revenue

 

$

68

 

 

$

75

 

Deferred services revenue

 

 

3,690

 

 

 

3,567

 

Financed unearned services revenue

 

 

70

 

 

 

56

 

Total

 

$

3,828

 

 

$

3,698

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reported as:

 

 

 

 

 

 

 

 

Short-term

 

$

1,953

 

 

$

1,894

 

Long-term

 

 

1,875

 

 

 

1,804

 

Total

 

$

3,828

 

 

$

3,698

 

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

 

 

 

Nine Months Ended

 

 

 

January 29,

2021

 

 

January 24,

2020

 

Balance at beginning of period

 

$

3,698

 

 

$

3,668

 

Additions

 

 

2,269

 

 

 

1,759

 

Revenue recognized during the period

 

 

(2,139

)

 

 

(1,854

)

Balance at end of period

 

$

3,828

 

 

$

3,573

 

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):

 

 

 

Nine Months Ended

 

 

 

January 29,

2021

 

 

January 24,

2020

 

Balance at beginning of period

 

$

156

 

 

$

172

 

Additions

 

 

89

 

 

 

52

 

Expense recognized during the period

 

 

(73

)

 

 

(72

)

Balance at end of period

 

$

172

 

 

$

152

 

 

 

 

January 29,

2021

 

 

April 24,

2020

 

Other current assets

 

$

71

 

 

$

67

 

Other non-current assets

 

 

101

 

 

 

89

 

Total deferred commissions

 

$

172

 

 

$

156