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Stockholders' Equity (Tables) | 6 Months Ended
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Oct. 29, 2021
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 29, 2021 |  |  | October 30, 2020 |
Intrinsic value of exercises |  | $ | 8 |  |  | $ | 1 |
Proceeds received from exercises |  | $ | 1 |  |  | $ | 2 |
Fair value of options vested |  | $ | 2 |  |  | $ | 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 30, 2021 |  |  | 9 |  |  | $ | 47.75 |
Granted |  |  | 4 |  |  | $ | 78.29 |
Vested |  |  | (2 | ) |  | $ | 47.73 |
Forfeited |  |  | (1 | ) |  | $ | 56.65 |
Outstanding as of October 29, 2021 |  |  | 10 |  |  | $ | 60.61 |
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 29, 2021 |  |  | October 30, 2020 |
Shares withheld for taxes |  |  | 1 |  |  |  | 1 |
Fair value of shares withheld |  | $ | 63 |  |  | $ | 34 |
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 29, 2021 |  |  | October 30, 2020 |
Shares issued under the ESPP |  |  | 1 |  |  |  | 1 |
Proceeds from issuance of shares |  | $ | 52 |  |  | $ | 47 |
Stock-Based Compensation Expense | Stock-based compensation expense is included in the condensed consolidated statements of income as follows (in millions):
|  | Three Months Ended |  |  | Six Months Ended |
|  | October 29, 2021 |  |  | October 30, 2020 |  |  | October 29, 2021 |  |  | October 30, 2020 |
Cost of product revenues |  | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 2 |
Cost of services revenues |  |  | 4 |  |  |  | 2 |  |  |  | 6 |  |  |  | 5 |
Sales and marketing |  |  | 29 |  |  |  | 24 |  |  |  | 55 |  |  |  | 49 |
Research and development |  |  | 18 |  |  |  | 15 |  |  |  | 34 |  |  |  | 34 |
General and administrative |  |  | 10 |  |  |  | 7 |  |  |  | 18 |  |  |  | 13 |
Total stock-based compensation expense |  | $ | 62 |  |  | $ | 49 |  |  | $ | 115 |  |  | $ | 103 |
Income tax benefit for stock-based compensation expense |  | $ | 4 |  |  | $ | 8 |  |  | $ | 9 |  |  | $ | 12 |
Summary of Activities Related to Stock Repurchase Program | The following table summarized activity related to the stock repurchase program for the six months ended October 29, 2021 (in millions, except for per share amounts):
Number of shares repurchased |  |  | 3 |
Average price per share |  | $ | 84.88 |
Stock repurchases allocated to additional paid-in capital |  | $ | 6 |
Stock repurchases allocated to retained earnings |  | $ | 219 |
Remaining authorization at end of period |  | $ | 627 |
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 29, 2021 |  |  | October 30, 2020 |
Dividends per share declared |  | $ | 1.00 |  |  | $ | 0.96 |
Dividend payments allocated to additional paid-in capital |  | $ | — |  |  | $ | 30 |
Dividend payments allocated to retained earnings |  | $ | 224 |  |  | $ | 184 |
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 30, 2021 |  | $ | (27 | ) |  | $ | (4 | ) |  | $ | 1 |  |  | $ | — |  |  | $ | (30 | )
Other comprehensive income (loss), net of tax |  |  | (8 | ) |  |  | — |  |  |  | (1 | ) |  |  | 2 |  |  |  | (7 | )
Amounts reclassified from AOCI, net of tax |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | (1 | )
Total other comprehensive income (loss) |  |  | (8 | ) |  |  | — |  |  |  | (1 | ) |  |  | 1 |  |  |  | (8 | )
Balance as of October 29, 2021 |  | $ | (35 | ) |  | $ | (4 | ) |  | $ | — |  |  | $ | 1 |  |  | $ | (38 | )
Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) | The amounts reclassified out of AOCI are as follows (in millions):
|  | Three Months Ended |  |  | Six Months Ended |  |  |
|  | October 29, 2021 |  |  | October 30, 2020 |  |  | October 29, 2021 |  |  | October 30, 2020 |  |  | Statements of Income Classification
Realized (gains) losses on cash flow hedges |  | $ | (1 | ) |  | $ | 7 |  |  | $ | (1 | ) |  | $ | 8 |  |  | Net revenues

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