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Stockholders' Equity (Tables)

3 Months Ended

Jul. 26, 2024

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 26,  2024				July 28, 2023
Cost of product revenues		$	1			$	1
Cost of services revenues			6				6
Sales and marketing			35				36
Research and development			31				32
General and administrative			12				12
Total stock-based compensation expense		$	85			$	87

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 26, 2024 (in millions, except for per share amounts):

Number of shares repurchased			3
Average price per share		$	120.46
Stock repurchases allocated to additional paid-in capital		$	16
Stock repurchases allocated to retained earnings		$	384
Remaining authorization at end of period		$	1,102

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 26,  2024				July 28, 2023
Dividends per share declared		$	0.52			$	0.50
Dividend payments allocated to additional paid-in capital		$	35			$	68
Dividend payments allocated to retained earnings		$	72			$	38

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 26, 2024		$	(53	)		$	(7	)		$	1			$	(59	)
Other comprehensive income (loss), net of tax			1				—				(1	)			—
Total other comprehensive income (loss)			1				—				(1	)			—
Balance as of July 26, 2024		$	(52	)		$	(7	)		$	—			$	(59	)

Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)

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

		Three Months Ended
		July 26,  2024				July 28, 2023				Statements of Income Classification
Realized gains on cash flow hedges		$	—			$	(1	)		Net revenues
Total reclassifications		$	—			$	(1	)

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