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Stockholders' Equity (Tables)

6 Months Ended

Oct. 25, 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								Six Months Ended
		October 25,  2024				October 27, 2023				October 25,  2024				October 27, 2023
Cost of product revenues		$	2			$	1			$	3			$	2
Cost of services revenues			6				6				12				12
Sales and marketing			43				37				78				73
Research and development			37				35				68				67
General and administrative			15				14				27				26
Total stock-based compensation expense		$	103			$	93			$	188			$	180

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 25, 2024 (in millions, except for per share amounts):

Number of shares repurchased			5.8
Average price per share		$	121.58
Stock repurchases allocated to additional paid-in capital		$	28
Stock repurchases allocated to retained earnings		$	672
Remaining authorization at end of period		$	802

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 25,  2024				October 27, 2023
Dividends per share declared		$	1.04			$	1.00
Dividend payments allocated to additional paid-in capital		$	130			$	171
Dividend payments allocated to retained earnings		$	83			$	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 Available- for-Sale Securities				Unrealized Gains (Losses) on Derivative Instruments				Total
Balance as of April 26, 2024		$	(53	)		$	(7	)		$	—			$	1			$	(59	)
Other comprehensive income (loss), net of tax			4				—				1				(3	)			2
Amounts reclassified from AOCI, net of tax			—				—				—				2				2
Total other comprehensive income (loss)			4				—				1				(1	)			4
Balance as of October 25, 2024		$	(49	)		$	(7	)		$	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 25,  2024				October 27, 2023				October 25,  2024				October 27, 2023				Statements of Income Classification
Realized losses (gains) on cash flow hedges		$	2			$	(3	)		$	2			$	(4	)		Net revenues
Total reclassifications		$	2			$	(3	)		$	2			$	(4	)

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