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Goodwill and Purchased Intangible Assets, Net | 12 Months Ended
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Apr. 26, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Purchased Intangible Assets, Net | 5. Goodwill and Purchased Intangible Assets, Net Goodwill activity is summarized as follows (in millions):
|  | Amount |
Balance as of April 29, 2022 |  | $ | 2,346 |
Additions |  |  | 413 |
Balance as of April 28, 2023 |  |  | 2,759 |
Additions |  |  | — |
Balance as of April 26, 2024 |  | $ | 2,759 |
Goodwill by reportable segment as of April 26, 2024 is as follows (in millions):
|  | Amount |
Hybrid Cloud |  | $ | 1,714 |
Public Cloud |  |  | 1,045 |
Total goodwill |  | $ | 2,759 |
Purchased intangible assets, net are summarized below (in millions):
|  | April 26, 2024 |  |  | April 28, 2023 |
|  | Gross |  |  | Accumulated |  |  | Net |  |  | Gross |  |  | Accumulated |  |  | Net |
|  | Assets |  |  | Amortization |  |  | Assets |  |  | Assets |  |  | Amortization |  |  | Assets |
Developed technology |  | $ | 179 |  |  | $ | (108 | ) |  | $ | 71 |  |  | $ | 212 |  |  | $ | (107 | ) |  | $ | 105 |
Customer contracts/relationships |  |  | 114 |  |  |  | (62 | ) |  |  | 52 |  |  |  | 118 |  |  |  | (44 | ) |  |  | 74 |
Other purchased intangibles |  |  | 6 |  |  |  | (5 | ) |  |  | 1 |  |  |  | 6 |  |  |  | (4 | ) |  |  | 2 |
Total purchased intangible assets |  | $ | 299 |  |  | $ | (175 | ) |  | $ | 124 |  |  | $ | 336 |  |  | $ | (155 | ) |  | $ | 181 |
During fiscal 2024, we retired approximately $37 million of fully amortized intangible assets. Amortization expense for purchased intangible assets is summarized below (in millions):
|  | Year Ended |  |  | Statements of
|  | April 26, 2024 |  |  | April 28, 2023 |  |  | April 29, 2022 |  |  | Income Classifications
Developed technology |  | $ | 34 |  |  | $ | 42 |  |  | $ | 33 |  |  | Cost of revenues
Customer contracts/relationships |  |  | 22 |  |  |  | 24 |  |  |  | 11 |  |  | Operating expenses
Other purchased intangibles |  |  | 1 |  |  |  | 2 |  |  |  | 2 |  |  | Operating expenses
Total |  | $ | 57 |  |  | $ | 68 |  |  | $ | 46 |  |  |
As of April 26, 2024, future amortization expense related to purchased intangible assets is as follows (in millions):
Fiscal Year |  | Amount |
2025 |  | $ | 55 |
2026 |  |  | 39 |
2027 |  |  | 29 |
2028 |  |  | 1 |
Total |  | $ | 124 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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