XML 34 R27.htm IDEA: XBRL DOCUMENT
v3.24.3

Supplemental Financial Information (Tables) | 6 Months Ended
--- | ---
Oct. 25, 2024
Supplemental Financial Information [Abstract] |
Cash, Cash Equivalents and Restricted Cash | The following table presents cash and cash equivalents as reported in our condensed consolidated balance sheets, as well as the sum of cash, cash equivalents and restricted cash as reported on our condensed consolidated statements of cash flows:
|  | October 25, 2024 |  |  | April 26, 2024 |
Cash and cash equivalents |  | $ | 1,478 |  |  | $ | 1,903 |
Restricted cash |  |  | 9 |  |  |  | 6 |
Cash, cash equivalents and restricted cash |  | $ | 1,487 |  |  | $ | 1,909 |
Inventories | Inventories (in millions):
|  | October 25, 2024 |  |  | April 26, 2024 |
Purchased components |  | $ | 229 |  |  | $ | 116 |
Finished goods |  |  | 88 |  |  |  | 70 |
Inventories |  | $ | 317 |  |  | $ | 186 |
Property and Equipment, Net | Property and equipment, net (in millions):
|  | October 25, 2024 |  |  | April 26, 2024 |
Land |  | $ | 46 |  |  | $ | 46 |
Buildings and improvements |  |  | 371 |  |  |  | 367 |
Leasehold improvements |  |  | 86 |  |  |  | 81 |
Computer, production, engineering and other equipment |  |  | 1,141 |  |  |  | 1,101 |
Computer software |  |  | 349 |  |  |  | 340 |
Furniture and fixtures |  |  | 67 |  |  |  | 77 |
Construction-in-progress |  |  | 68 |  |  |  | 70 |
|  |  | 2,128 |  |  |  | 2,082 |
Accumulated depreciation and amortization |  |  | (1,535 | ) |  |  | (1,478 | )
Property and equipment, net |  | $ | 593 |  |  | $ | 604 |
Other Non-Current Assets | Other non-current assets (in millions):
|  | October 25, 2024 |  |  | April 26, 2024 |
Deferred tax assets |  | $ | 966 |  |  | $ | 896 |
Operating lease right-of-use (ROU) assets |  |  | 242 |  |  |  | 247 |
Other assets |  |  | 409 |  |  |  | 360 |
Other non-current assets |  | $ | 1,617 |  |  | $ | 1,503 |
Accrued Expenses | Accrued expenses (in millions):
|  | October 25, 2024 |  |  | April 26, 2024 |
Accrued compensation and benefits |  | $ | 423 |  |  | $ | 538 |
Product warranty liabilities |  |  | 18 |  |  |  | 18 |
Operating lease liabilities |  |  | 41 |  |  |  | 40 |
Other current liabilities |  |  | 487 |  |  |  | 417 |
Accrued expenses |  | $ | 969 |  |  | $ | 1,013 |
Other Long-term Liabilities | Other long-term liabilities (in millions):
|  | October 25, 2024 |  |  | April 26, 2024 |
Liability for uncertain tax positions |  | $ | 161 |  |  | $ | 153 |
Income taxes payable |  |  | — |  |  |  | 100 |
Product warranty liabilities |  |  | 9 |  |  |  | 9 |
Operating lease liabilities |  |  | 216 |  |  |  | 220 |
Other liabilities |  |  | 110 |  |  |  | 103 |
Other long-term liabilities |  | $ | 496 |  |  | $ | 585 |
Deferred Revenue and Financed Unearned Services Revenue | The following table summarizes the components of our deferred revenue and financed unearned services revenue balance as reported in our condensed consolidated balance sheets (in millions):
|  | October 25, 2024 |  |  | April 26, 2024 |
Deferred product revenue |  | $ | 57 |  |  | $ | 59 |
Deferred services revenue |  |  | 4,001 |  |  |  | 4,123 |
Financed unearned services revenue |  |  | 42 |  |  |  | 52 |
Total |  | $ | 4,100 |  |  | $ | 4,234 |
Reported as: |  |  |  |  |  |
Short-term |  | $ | 2,045 |  |  | $ | 2,176 |
Long-term |  |  | 2,055 |  |  |  | 2,058 |
Total |  | $ | 4,100 |  |  | $ | 4,234 |
Summary of Activity Related to Deferred Commissions and their Balances in Condensed Consolidated Balance Sheet | The following table summarizes deferred commissions balances as reported in our condensed consolidated balance sheets (in millions):
|  | October 25, 2024 |  |  | April 26, 2024 |
Other current assets |  | $ | 67 |  |  | $ | 69 |
Other non-current assets |  |  | 102 |  |  |  | 100 |
Total deferred commissions |  | $ | 169 |  |  | $ | 169 |
Other income, net | Other income, net (in millions):
|  | Three Months Ended |  |  | Six Months Ended |
|  | October 25, 2024 |  |  | October 27, 2023 |  |  | October 25, 2024 |  |  | October 27, 2023 |
Interest income |  | $ | 27 |  |  | $ | 25 |  |  | $ | 63 |  |  | $ | 53 |
Interest expense |  |  | (15 | ) |  |  | (15 | ) |  |  | (31 | ) |  |  | (31 | )
Other, net |  |  | 3 |  |  |  | 1 |  |  |  | — |  |  |  | (3 | )
Total other income, net |  | $ | 15 |  |  | $ | 11 |  |  | $ | 32 |  |  | $ | 19 |
Statements of Cash Flows Additional Information | Supplemental cash flow information related to our operating leases is included in Note 7 ─ Leases. Non-cash investing activities and other supplemental cash flow information are presented below:
|  | Six Months Ended |
|  | October 25, 2024 |  |  | October 27, 2023 |
Non-cash Investing Activities: |  |  |  |  |  |
Capital expenditures incurred but not paid |  | $ | 16 |  |  | $ | 18 |
Supplemental Cash Flow Information: |  |  |  |  |  |
Income taxes paid, net of refunds |  | $ | 222 |  |  | $ | 222 |
Interest paid |  | $ | 30 |  |  | $ | 30 |

X
- Definition Schedule of cash and cash equivalents and restricted cash. + References No definition available. + Details
Name: | ntap_ScheduleOfCashAndCashEquivalentsAndRestrictedCashTableTextBlock
Namespace Prefix: | ntap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of activity related to deferred commissions and their balances in condensed consolidated balance sheets. + References No definition available. + Details
Name: | ntap_SummaryOfActivityRelatedToDeferredCommissionsAndTheirBalancesInCondensedConsolidatedBalanceSheetsTableTextBlock
Namespace Prefix: | ntap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Supplemental financial information. + References No definition available. + Details
Name: | ntap_SupplementalFinancialInformationAbstract
Namespace Prefix: | ntap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of other noncurrent liabilities. + References No definition available. + Details
Name: | us-gaap_OtherNoncurrentLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accrued liabilities. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483489/210-10-50-1 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of noncurrent assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfOtherAssetsNoncurrentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration