Supplemental Financial Information (Tables)

9 Months Ended

Jan. 28, 2022

Supplemental Financial Information [Abstract]

Cash, Cash Equivalents and Restricted Cash

Cash, cash equivalents and restricted cash (in millions):

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:

	January 28,  2022		April 30,  2021
Cash and cash equivalents	$	4,170	$	4,529
Restricted cash		7		6
Cash, cash equivalents and restricted cash	$	4,177	$	4,535

Inventories

Inventories (in millions):

	January 28,  2022		April 30,  2021
Purchased components	$	97	$	22
Finished goods		70		92
Inventories	$	167	$	114

Property and Equipment, Net

Property and equipment, net (in millions):

	January 28,  2022			April 30,  2021
Land	$	46		$	46
Buildings and improvements		352			356
Leasehold improvements		77			83
Computer, production, engineering and other equipment		903			869
Computer software		310			305
Furniture and fixtures		77			93
Construction-in-progress		88			46
		1,853			1,798
Accumulated depreciation and amortization		(1,278	)		(1,273	)
Property and equipment, net	$	575		$	525

Other Non-Current Assets

Other non-current assets (in millions):

	January 28,  2022		April 30,  2021
Deferred tax assets	$	272	$	219
Operating lease ROU assets		308		114
Other assets		352		361
Other non-current assets	$	932	$	694

Accrued Expenses

Accrued expenses (in millions):

	January 28,  2022		April 30,  2021
Accrued compensation and benefits	$	355	$	505
Product warranty liabilities		17		21
Operating lease liabilities		48		49
Other current liabilities		387		395
Accrued expenses	$	807	$	970

Product Warranty Liabilities

The following tables summarize the activity related to product warranty liabilities and their balances as reported in our condensed consolidated balance sheets (in millions):

	Three Months Ended						Nine Months Ended
	January 28,  2022			January 29,  2021			January 28,  2022			January 29,  2021
Balance at beginning of period	$	28		$	35		$	32		$	41
Expense accrued during the period		1			5			7			10
Warranty costs incurred		(4	)		(6	)		(14	)		(17	)
Balance at end of period	$	25		$	34		$	25		$	34

	January 28,  2022		April 30,  2021
Accrued expenses	$	17	$	21
Other long-term liabilities		8		11
Total warranty liabilities	$	25	$	32

Other Long-term Liabilities

Other long-term liabilities (in millions):

	January 28,  2022		April 30,  2021
Liability for uncertain tax positions	$	110	$	127
Income taxes payable		303		351
Product warranty liabilities		8		11
Operating lease liabilities		269		71
Other liabilities		85		90
Other long-term liabilities	$	775	$	650

Deferred Revenue and Financed Unearned Services Revenue

The following table summarizes the components of our deferred revenue and financed unearned services balance as reported in our condensed consolidated balance sheets (in millions):

	January 28,  2022		April 30,  2021
Deferred product revenue	$	49	$	59
Deferred services revenue		3,857		3,873
Financed unearned services revenue		63		71
Total	$	3,969	$	4,003
Reported as:
Short-term	$	2,063	$	2,062
Long-term		1,906		1,941
Total	$	3,969	$	4,003

Summary of Activity Related to Deferred Commissions and their Balances in Condensed Consolidated Balance Sheets

The following table summarizes deferred commissions balances as reported in our condensed consolidated balance sheets (in millions):

	January 28,  2022		April 30,  2021
Other current assets	$	85	$	86
Other non-current assets		117		111
Total deferred commissions	$	202	$	197

Other Expense, Net

Other expense, net (in millions):

	Three Months Ended						Nine Months Ended
	January 28,  2022			January 29,  2021			January 28,  2022			January 29,  2021
Interest income	$	2		$	2		$	5		$	7
Interest expense		(19	)		(19	)		(55	)		(55	)
Other income (expense), net		2			6			9			(2	)
Total other expense, net	$	(15	)	$	(11	)	$	(41	)	$	(50	)

Statements of Cash Flows Additional Information

Supplemental cash flow information related to our operating leases is included in Note 8 ─ Leases. Non-cash investing activities and other supplemental cash flow information are presented below:

	Nine Months Ended
	January 28,  2022		January 29,  2021
Non-cash Investing Activities:
Capital expenditures incurred but not paid	$	24	$	11
Supplemental Cash Flow Information:
Income taxes paid, net of refunds	$	318	$	309
Interest paid	$	61	$	51