XML 48 R38.htm IDEA: XBRL DOCUMENT v3.23.3

Segment, Geographic, and Significant Customer Information (Tables)

6 Months Ended

Oct. 27, 2023

Segment Reporting [Abstract]

Schedule of Financial Information by Segment

Financial information by segment is as follows (in millions, except percentages):

	Three Months Ended October 27, 2023
	Hybrid Cloud				Public Cloud				Consolidated
Product revenues	$	706			$	—			$	706
Support revenues		623				—				623
Professional and other services revenues		79				—				79
Public cloud revenues		—				154				154
Net revenues		1,408				154				1,562
Cost of product revenues		275				—				275
Cost of support revenues		50				—				50
Cost of professional and other services revenues		60				—				60
Cost of public cloud revenues		—				52				52
Segment cost of revenues		385				52				437
Segment gross profit	$	1,023			$	102			$	1,125
Segment gross margin		72.7	%			66.2	%			72.0	%
Unallocated cost of revenues1										15
Total gross profit									$	1,110
Total gross margin										71.1	%
1 Unallocated cost of revenues are composed of $7 million of stock-based compensation expense and $8 million of amortization of intangible assets.

	Three Months Ended October 28, 2022
	Hybrid Cloud				Public Cloud				Consolidated
Product revenues	$	837			$	—			$	837
Support revenues		607				—				607
Professional and other services revenues		77				—				77
Public cloud revenues		—				142				142
Net revenues		1,521				142				1,663
Cost of product revenues		417				—				417
Cost of support revenues		45				—				45
Cost of professional and other services revenues		54				—				54
Cost of public cloud revenues		—				45				45
Segment cost of revenues		516				45				561
Segment gross profit	$	1,005			$	97			$	1,102
Segment gross margin		66.1	%			68.3	%			66.3	%
Unallocated cost of revenues1										15
Total gross profit									$	1,087
Total gross margin										65.4	%
1 Unallocated cost of revenues are composed of $5 million of stock-based compensation expense and $10 million of amortization of intangible assets.

	Six Months Ended October 27, 2023
	Hybrid Cloud				Public Cloud				Consolidated
Product revenues	$	1,296			$	—			$	1,296
Support revenues		1,234				—				1,234
Professional and other services revenues		156				—				156
Public cloud revenues		—				308				308
Net revenues		2,686				308				2,994
Cost of product revenues		539				—				539
Cost of support revenues		97				—				97
Cost of professional and other services revenues		118				—				118
Cost of public cloud revenues		—				103				103
Segment cost of revenues		754				103				857
Segment gross profit	$	1,932			$	205			$	2,137
Segment gross margin		71.9	%			66.6	%			71.4	%
Unallocated cost of revenues1										31
Total gross profit									$	2,106
Total gross margin										70.3	%
1 Unallocated cost of revenues are composed of $14 million of stock-based compensation expense and $17 million of amortization of intangible assets.

	Six Months Ended October 28, 2022
	Hybrid Cloud				Public Cloud				Consolidated
Product revenues	$	1,623			$	—			$	1,623
Support revenues		1,205				—				1,205
Professional and other services revenues		153				—				153
Public cloud revenues		—				274				274
Net revenues		2,981				274				3,255
Cost of product revenues		812				—				812
Cost of support revenues		88				—				88
Cost of professional and other services revenues		106				—				106
Cost of public cloud revenues		—				85				85
Segment cost of revenues		1,006				85				1,091
Segment gross profit	$	1,975			$	189			$	2,164
Segment gross margin		66.3	%			69.0	%			66.5	%
Unallocated cost of revenues1										31
Total gross profit									$	2,133
Total gross margin										65.5	%
1 Unallocated cost of revenues are composed of $10 million of stock-based compensation expense and $21 million of amortization of intangible assets.

Schedule of Revenues by Geographic Region

Revenues summarized by geographic region are as follows (in millions):

		Three Months Ended								Six Months Ended
		October 27,  2023				October 28, 2022				October 27,  2023				October 28, 2022
United States, Canada and Latin America (Americas)		$	789			$	845			$	1,543			$	1,672
Europe, Middle East and Africa (EMEA)			525				565				971				1,074
Asia Pacific (APAC)			248				253				480				509
Net revenues		$	1,562			$	1,663			$	2,994			$	3,255

Effective in the first quarter of fiscal 2024, management began evaluating revenues by geographic region based on the location to which products and services are delivered, rather than based on the location from which the customer relationship is managed. Prior year numbers have been recast to conform to the current year presentation.

Schedule of Cash, Cash Equivalents and Short-Term Investments

The following table presents cash, cash equivalents and short-term investments held in the U.S. and internationally in various foreign subsidiaries (in millions):

		October 27,  2023				April 28,   2023
U.S.		$	458			$	887
International			2,162				2,183
Total		$	2,620			$	3,070

Schedule of Property and Equipment, Net by Geographic Areas

The following table presents property and equipment information for geographic areas based on the physical location of the assets (in millions):

		October 27,  2023				April 28,   2023
U.S.		$	390			$	413
International			233				237
Total		$	623			$	650

Schedule of Revenues from Significant Customers

he following customers, each of which is a distributor, accounted for 10% or more of our net revenues:

		Three Months Ended								Six Months Ended
		October 27,  2023				October 28, 2022				October 27,  2023				October 28, 2022
Arrow Electronics, Inc.			22	%			24	%			23	%			25	%
TD Synnex Corporation (previously presented as Tech Data Corporation)			22	%			20	%			21	%			20	%

Schedule of Net Accounts Receivable from Significant Customers

The following customers accounted for 10% or more of accounts receivable in at least one of the periods presented:

		October 27,  2023				April 28,   2023
Arrow Electronics, Inc.			10	%			15	%
TD Synnex Corporation (previously presented as Tech Data Corporation)			21	%			19	%

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph b
-SubTopic 10
-Topic 280
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph a
-SubTopic 10
-Topic 280
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of cash, cash equivalents, and investments.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-21

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-20

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482861/275-10-50-18

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482861/275-10-50-20

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482861/275-10-50-16

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482861/275-10-50-21

+ Details

Name:	us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration