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Stockholders' Equity (Tables)

3 Months Ended

Jul. 28, 2023

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
		July 28,  2023				July 29, 2022
Cost of product revenues		$	1			$	1
Cost of services revenues			6				4
Sales and marketing			36				28
Research and development			32				24
General and administrative			12				10
Total stock-based compensation expense		$	87			$	67

Summary of Activities Related to Stock Repurchase Program

The following table summarizes activity related to the stock repurchase program for the three months ended July 28, 2023 (in millions, except for per share amounts):

Number of shares repurchased			5
Average price per share		$	74.14
Stock repurchases allocated to additional paid-in capital		$	24
Stock repurchases allocated to retained earnings		$	376
Remaining authorization at end of period		$	1,002

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):

		Three Months Ended
		July 28,  2023				July 29, 2022
Dividends per share declared		$	0.50			$	0.50
Dividend payments allocated to additional paid-in capital		$	68			$	106
Dividend payments allocated to retained earnings		$	38			$	4

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 28, 2023		$	(48	)		$	(3	)		$	—			$	(51	)
Other comprehensive gain, net of tax			2				—				2				4
Amounts reclassified from AOCI, net of tax			—				—				(1	)			(1	)
Total other comprehensive income			2				—				1				3
Balance as of July 28, 2023		$	(46	)		$	(3	)		$	1			$	(48	)

Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)

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

		Three Months Ended
		July 28,  2023				July 29, 2022				Statements of Income Classification
Realized gains on cash flow hedges		$	(1	)		$	(1	)		Net revenues
Total reclassifications		$	(1	)		$	(1	)

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