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Stockholders' Equity (Tables)

6 Months Ended

Oct. 28, 2022

Share-Based Payment Arrangement [Abstract]

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 28,  2022				October 29, 2021				October 28,  2022				October 29, 2021
Cost of product revenues		$	1			$	1			$	2			$	2
Cost of services revenues			4				4				8				6
Sales and marketing			35				29				63				55
Research and development			26				18				50				34
General and administrative			12				10				22				18
Total stock-based compensation expense		$	78			$	62			$	145			$	115

Summary of Activities Related to Stock Repurchase Program

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

Number of shares repurchased			7
Average price per share		$	67.70
Stock repurchases allocated to additional paid-in capital		$	25
Stock repurchases allocated to retained earnings		$	475
Remaining authorization at end of period		$	752

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 28,  2022				October 29, 2021
Dividends per share declared		$	1.00			$	1.00
Dividend payments allocated to additional paid-in capital		$	106			$	—
Dividend payments allocated to retained earnings		$	112			$	224

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 Derivative Instruments				Total
Balance as of April 29, 2022		$	(44	)		$	(1	)		$	1			$	(44	)
Other comprehensive income (loss), net of tax			(18	)			—				4				(14	)
Amounts reclassified from AOCI, net of tax			—				—				(4	)			(4	)
Total other comprehensive loss			(18	)			—				—				(18	)
Balance as of October 28, 2022		$	(62	)		$	(1	)		$	1			$	(62	)

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 28,  2022				October 29, 2021				October 28,  2022				October 29, 2021				Statements of Income Classification
Realized gains on cash flow hedges		$	(3	)		$	(1	)		$	(4	)		$	(1	)		Net revenues
Total reclassifications		$	(3	)		$	(1	)		$	(4	)		$	(1	)

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