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Stockholders' Equity (Tables)

6 Months Ended

Oct. 27, 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								Six Months Ended
		October 27,  2023				October 28, 2022				October 27,  2023				October 28, 2022
Cost of product revenues		$	1			$	1			$	2			$	2
Cost of services revenues			6				4				12				8
Sales and marketing			37				35				73				63
Research and development			35				26				67				50
General and administrative			14				12				26				22
Total stock-based compensation expense		$	93			$	78			$	180			$	145

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 27, 2023 (in millions, except for per share amounts):

Number of shares repurchased			9
Average price per share		$	75.12
Stock repurchases allocated to additional paid-in capital		$	91
Stock repurchases allocated to retained earnings		$	609
Remaining authorization at end of period		$	702

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 27,  2023				October 28, 2022
Dividends per share declared		$	1.00			$	1.00
Dividend payments allocated to additional paid-in capital		$	171			$	106
Dividend payments allocated to retained earnings		$	38			$	112

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 income (loss), net of tax			(5	)			—				5				—
Amounts reclassified from AOCI, net of tax			—				—				(4	)			(4	)
Total other comprehensive income (loss)			(5	)			—				1				(4	)
Balance as of October 27, 2023		$	(53	)		$	(3	)		$	1			$	(55	)

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 27,  2023				October 28, 2022				October 27,  2023				October 28, 2022				Statements of Income Classification
Realized gains on cash flow hedges		$	(3	)		$	(3	)		$	(4	)		$	(4	)		Net revenues
Total reclassifications		$	(3	)		$	(3	)		$	(4	)		$	(4	)

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