Goodwill and Purchased Intangible Assets, Net

12 Months Ended

Apr. 25, 2025

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 28, 2023	$	2,759
Additions		—
Balance as of April 26, 2024		2,759
Additions		—
Derecognition		(36	)
Balance as of April 25, 2025	$	2,723

During fiscal 2025, we derecognized a portion of the Public Cloud goodwill in connection with the sale of our cloud optimization and management software business known as Spot by NetApp, which formed part of our Public Cloud reportable segment. See "Gains/losses on the sale or derecognition of assets" section contained in Note 6 – Supplemental Financial Information for additional information related to this derecognition.

Goodwill by reportable segment as of April 25, 2025 is as follows (in millions):


	Amount
Hybrid Cloud	$	1,714
Public Cloud		1,009
Total goodwill	$	2,723

Purchased intangible assets, net are summarized below (in millions):


	April 25, 2025							April 26, 2024
	Gross		Accumulated			Net		Gross		Accumulated			Net
	Assets		Amortization			Assets		Assets		Amortization			Assets
Developed technology	$	55	$	(33	)	$	22	$	179	$	(108	)	$	71
Customer contracts/relationships		50		(29	)		21		114		(62	)		52
Other purchased intangibles		2		(2	)		—		6		(5	)		1
Total purchased intangible assets	$	107	$	(64	)	$	43	$	299	$	(175	)	$	124

During fiscal 2025, we retired $25 million of fully amortized intangible assets. We also derecognized certain intangible assets, net in connection with the sale of our Spot by NetApp business. See "Gains/losses on the sale or derecognition of assets" section contained in Note 6 – Supplemental Financial Information for additional information related to this derecognition.

Amortization expense for purchased intangible assets is summarized below (in millions):


	Year Ended						Statements of
	April 25, 2025		April 26, 2024		April 28, 2023		Income Classifications
Developed technology	$	28	$	34	$	42	Cost of revenues
Customer contracts/relationships		19		22		24	Operating expenses
Other purchased intangibles		—		1		2	Operating expenses
Total	$	47	$	57	$	68

As of April 25, 2025, future amortization expense related to purchased intangible assets is as follows (in millions):


Fiscal Year	Amount
2026	$	21
2027		21
2028		1
2029		—
Total	$	43