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Stockholders' Equity (Tables)

9 Months Ended

Jan. 28, 2022

Share-based Payment Arrangement [Abstract]

Information Related to Stock Options

Information related to our stock options is summarized below (in millions):

		Nine Months Ended
		January 28,  2022				January 29,  2021
Intrinsic value of exercises		$	13			$	4
Proceeds received from exercises		$	1			$	2
Fair value of options vested		$	4			$	4

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			5			$	79.41
Vested			(3	)		$	48.50
Forfeited			(1	)		$	57.03
Outstanding as of January 28, 2022			10			$	62.30

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 28,  2022				January 29,  2021
Shares withheld for taxes			1				1
Fair value of shares withheld		$	69			$	38

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 28,  2022				January 29,  2021
Shares issued under the ESPP			3				2
Proceeds from issuance of shares		$	104			$	90

Stock-Based Compensation Expense

Stock-based compensation expense is included in the condensed consolidated statements of income as follows (in millions):

		Three Months Ended								Nine Months Ended
		January 28,  2022				January 29,  2021				January 28,  2022				January 29,  2021
Cost of product revenues		$	1			$	1			$	3			$	3
Cost of services revenues			4				2				10				7
Sales and marketing			30				21				85				70
Research and development			19				15				53				49
General and administrative			10				7				28				20
Total stock-based compensation expense		$	64			$	46			$	179			$	149
Income tax benefit for stock-based compensation expense		$	6			$	4			$	15			$	12

Summary of Activities Related to Stock Repurchase Program

The following table summarized activity related to the stock repurchase program for the nine months ended January 28, 2022 (in millions, except for per share amounts):

Number of shares repurchased			4
Average price per share		$	86.63
Stock repurchases allocated to additional paid-in capital		$	10
Stock repurchases allocated to retained earnings		$	340
Remaining authorization at end of period		$	502

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 28,  2022				January 29,  2021
Dividends per share declared		$	1.50			$	1.44
Dividend payments allocated to additional paid-in capital		$	—			$	30
Dividend payments allocated to retained earnings		$	335			$	291

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			(11	)			—				(1	)			6				(6	)
Amounts reclassified from AOCI, net of tax			—				—				—				(5	)			(5	)
Total other comprehensive income (loss)			(11	)			—				(1	)			1				(11	)
Balance as of January 28, 2022		$	(38	)		$	(4	)		$	—			$	1			$	(41	)

Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)

The amounts reclassified out of AOCI are as follows (in millions):

		Three Months Ended								Nine Months Ended
		January 28,  2022				January 29,  2021				January 28,  2022				January 29,  2021				Statements of Income Classification
Realized (gains) losses on cash flow hedges		$	(4	)		$	3			$	(5	)		$	11			Net revenues

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