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Supplemental Financial Information (Tables) | 6 Months Ended
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Oct. 29, 2021
Supplemental Financial Information [Abstract] |
Cash, Cash Equivalents and Restricted Cash | Cash, cash equivalents and restricted cash (in millions): The following table presents cash and cash equivalents as reported in our condensed consolidated balance sheets, as well as the sum of cash, cash equivalents and restricted cash as reported on our condensed consolidated statements of cash flows:
|  | October 29, 2021 |  |  | April 30, 2021 |
Cash and cash equivalents |  | $ | 4,509 |  |  | $ | 4,529 |
Restricted cash |  |  | 7 |  |  |  | 6 |
Cash, cash equivalents and restricted cash |  | $ | 4,516 |  |  | $ | 4,535 |
Inventories | Inventories (in millions):
|  | October 29, 2021 |  |  | April 30, 2021 |
Purchased components |  | $ | 48 |  |  | $ | 22 |
Finished goods |  |  | 107 |  |  |  | 92 |
Inventories |  | $ | 155 |  |  | $ | 114 |
Property and Equipment, Net | Property and equipment, net (in millions):
|  | October 29, 2021 |  |  | April 30, 2021 |
Land |  | $ | 46 |  |  | $ | 46 |
Buildings and improvements |  |  | 350 |  |  |  | 356 |
Leasehold improvements |  |  | 77 |  |  |  | 83 |
Computer, production, engineering and other equipment |  |  | 903 |  |  |  | 869 |
Computer software |  |  | 305 |  |  |  | 305 |
Furniture and fixtures |  |  | 76 |  |  |  | 93 |
Construction-in-progress |  |  | 65 |  |  |  | 46 |
|  |  | 1,822 |  |  |  | 1,798 |
Accumulated depreciation and amortization |  |  | (1,273 | ) |  |  | (1,273 | )
Property and equipment, net |  | $ | 549 |  |  | $ | 525 |
Other Non-Current Assets | Other non-current assets (in millions):
|  | October 29, 2021 |  |  | April 30, 2021 |
Deferred tax assets |  | $ | 249 |  |  | $ | 219 |
Operating lease ROU assets |  |  | 263 |  |  |  | 114 |
Other assets |  |  | 355 |  |  |  | 361 |
Other non-current assets |  | $ | 867 |  |  | $ | 694 |
Accrued Expenses | Accrued expenses (in millions):
|  | October 29, 2021 |  |  | April 30, 2021 |
Accrued compensation and benefits |  | $ | 400 |  |  | $ | 505 |
Product warranty liabilities |  |  | 19 |  |  |  | 21 |
Operating lease liabilities |  |  | 49 |  |  |  | 49 |
Other current liabilities |  |  | 328 |  |  |  | 395 |
Accrued expenses |  | $ | 796 |  |  | $ | 970 |
Product Warranty Liabilities | The following tables summarize the activity related to product warranty liabilities and their balances as reported in our condensed consolidated balance sheets (in millions):
|  | Three Months Ended |  |  | Six Months Ended |
|  | October 29, 2021 |  |  | October 30, 2020 |  |  | October 29, 2021 |  |  | October 30, 2020 |
Balance at beginning of period |  | $ | 31 |  |  | $ | 37 |  |  | $ | 32 |  |  | $ | 41 |
Expense accrued during the period |  |  | 2 |  |  |  | 4 |  |  |  | 6 |  |  |  | 5 |
Warranty costs incurred |  |  | (5 | ) |  |  | (6 | ) |  |  | (10 | ) |  |  | (11 | )
Balance at end of period |  | $ | 28 |  |  | $ | 35 |  |  | $ | 28 |  |  | $ | 35 |
|  | October 29, 2021 |  |  | April 30, 2021 |
Accrued expenses |  | $ | 19 |  |  | $ | 21 |
Other long-term liabilities |  |  | 9 |  |  |  | 11 |
Total warranty liabilities |  | $ | 28 |  |  | $ | 32 |
Other Long-term Liabilities | Other long-term liabilities (in millions):
|  | October 29, 2021 |  |  | April 30, 2021 |
Liability for uncertain tax positions |  | $ | 111 |  |  | $ | 127 |
Income taxes payable |  |  | 303 |  |  |  | 351 |
Product warranty liabilities |  |  | 9 |  |  |  | 11 |
Operating lease liabilities |  |  | 224 |  |  |  | 71 |
Other liabilities |  |  | 88 |  |  |  | 90 |
Other long-term liabilities |  | $ | 735 |  |  | $ | 650 |
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):
|  | October 29, 2021 |  |  | April 30, 2021 |
Deferred product revenue |  | $ | 47 |  |  | $ | 59 |
Deferred services revenue |  |  | 3,758 |  |  |  | 3,873 |
Financed unearned services revenue |  |  | 61 |  |  |  | 71 |
Total |  | $ | 3,866 |  |  | $ | 4,003 |
Reported as: |  |  |  |  |  |
Short-term |  | $ | 1,967 |  |  | $ | 2,062 |
Long-term |  |  | 1,899 |  |  |  | 1,941 |
Total |  | $ | 3,866 |  |  | $ | 4,003 |
The following tables summarize the activity related to deferred revenue and financed unearned services revenue (in millions):
|  | Six Months Ended |
|  | October 29, 2021 |  |  | October 30, 2020 |
Balance at beginning of period |  | $ | 4,003 |  |  | $ | 3,698 |
Additions |  |  | 1,363 |  |  |  | 1,364 |
Revenue recognized during the period |  |  | (1,500 | ) |  |  | (1,411 | )
Balance at end of period |  | $ | 3,866 |  |  | $ | 3,651 |
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):
|  | Six Months Ended |
|  | October 29, 2021 |  |  | October 30, 2020 |
Balance at beginning of period |  | $ | 197 |  |  | $ | 156 |
Additions |  |  | 76 |  |  |  | 57 |
Expense recognized during the period |  |  | (71 | ) |  |  | (45 | )
Balance at end of period |  | $ | 202 |  |  | $ | 168 |
|  | October 29, 2021 |  |  | April 30, 2021 |
Other current assets |  | $ | 86 |  |  | $ | 86 |
Other non-current assets |  |  | 116 |  |  |  | 111 |
Total deferred commissions |  | $ | 202 |  |  | $ | 197 |
Other Expense, Net | Other expense, net (in millions):
|  | Three Months Ended |  |  | Six Months Ended |
|  | October 29, 2021 |  |  | October 30, 2020 |  |  | October 29, 2021 |  |  | October 30, 2020 |
Interest income |  | $ | 1 |  |  | $ | 2 |  |  | $ | 3 |  |  | $ | 5 |
Interest expense |  |  | (18 | ) |  |  | (18 | ) |  |  | (36 | ) |  |  | (36 | )
Other income (expense), net |  |  | 3 |  |  |  | 9 |  |  |  | 7 |  |  |  | (8 | )
Total other expense, net |  | $ | (14 | ) |  | $ | (7 | ) |  | $ | (26 | ) |  | $ | (39 | )
Statements of Cash Flows Additional Information | Supplemental cash flow information related to our operating leases is included in Note 8 ─ Leases. Non-cash investing activities and other supplemental cash flow information are presented below:
|  | Six Months Ended |
|  | October 29, 2021 |  |  | October 30, 2020 |
Non-cash Investing Activities: |  |  |  |  |  |
Capital expenditures incurred but not paid |  | $ | 21 |  |  | $ | 9 |
Supplemental Cash Flow Information: |  |  |  |  |  |
Income taxes paid, net of refunds |  | $ | 232 |  |  | $ | 238 |
Interest paid |  | $ | 34 |  |  | $ | 23 |

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