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Stockholders' Equity (Tables)

9 Months Ended

Jan. 24, 2025

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								Nine Months Ended
		January 24,  2025				January 26, 2024				January 24,  2025				January 26, 2024
Cost of product revenues		$	2			$	2			$	5			$	4
Cost of services revenues			6				5				18				17
Sales and marketing			44				36				122				109
Research and development			36				32				104				99
General and administrative			15				14				42				40
Total stock-based compensation expense		$	103			$	89			$	291			$	269

Summary of Activities Related to Stock Repurchase Program

The following table summarizes activity related to the stock repurchase program for the nine months ended January 24, 2025 (in millions, except for per share amounts):

Number of shares repurchased			7.4
Average price per share		$	121.46
Stock repurchases allocated to additional paid-in capital		$	35
Stock repurchases allocated to retained earnings		$	865
Remaining authorization at end of period		$	602

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):

		Nine Months Ended
		January 24,  2025				January 26, 2024
Dividends per share declared		$	1.56			$	1.50
Dividend payments allocated to additional paid-in capital		$	130			$	171
Dividend payments allocated to retained earnings		$	189			$	141

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			(7	)			—				1				2				(4	)
Amounts reclassified from AOCI, net of tax			—				—				—				(2	)			(2	)
Total other comprehensive income (loss)			(7	)			—				1				—				(6	)
Balance as of January 24, 2025		$	(60	)		$	(7	)		$	1			$	1			$	(65	)

Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)

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

		Three Months Ended								Nine Months Ended
		January 24,  2025				January 26, 2024				January 24,  2025				January 26, 2024				Statements of Income Classification
Realized losses (gains) on cash flow hedges		$	(4	)		$	2			$	(2	)		$	(2	)		Net revenues
Total reclassifications		$	(4	)		$	2			$	(2	)		$	(2	)

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