Supplemental Financial Information (Tables)

3 Months Ended

Jul. 29, 2022

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:

	July 29,  2022		April 29,  2022
Cash and cash equivalents	$	3,288	$	4,112
Restricted cash		7		7
Cash, cash equivalents and restricted cash	$	3,295	$	4,119

Inventories

Inventories (in millions):

	July 29,  2022		April 29,  2022
Purchased components	$	145	$	131
Finished goods		87		73
Inventories	$	232	$	204

Property and Equipment, Net

Property and equipment, net (in millions):

	July 29,  2022			April 29,  2022
Land	$	46		$	46
Buildings and improvements		354			353
Leasehold improvements		93			92
Computer, production, engineering and other equipment		944			904
Computer software		321			316
Furniture and fixtures		77			76
Construction-in-progress		67			65
		1,902			1,852
Accumulated depreciation and amortization		(1,280	)		(1,250	)
Property and equipment, net	$	622		$	602

Other Non-Current Assets

Other non-current assets (in millions):

	July 29,  2022		April 29,  2022
Deferred tax assets	$	377	$	362
Operating lease ROU assets		318		294
Other assets		306		335
Other non-current assets	$	1,001	$	991

Accrued Expenses

Accrued expenses (in millions):

	July 29,  2022		April 29,  2022
Accrued compensation and benefits	$	282	$	462
Product warranty liabilities		17		17
Operating lease liabilities		50		47
Other current liabilities		373		399
Accrued expenses	$	722	$	925

Other Long-term Liabilities

Other long-term liabilities (in millions):

	July 29,  2022		April 29,  2022
Liability for uncertain tax positions	$	137	$	131
Income taxes payable		303		303
Product warranty liabilities		9		9
Operating lease liabilities		278		257
Other liabilities		116		88
Other long-term liabilities	$	843	$	788

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):

	July 29,  2022		April 29,  2022
Deferred product revenue	$	36	$	31
Deferred services revenue		4,079		4,140
Financed unearned services revenue		55		61
Total	$	4,170	$	4,232
Reported as:
Short-term	$	2,088	$	2,171
Long-term		2,082		2,061
Total	$	4,170	$	4,232

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):

	July 29,  2022		April 29,  2022
Other current assets	$	83	$	80
Other non-current assets		111		117
Total deferred commissions	$	194	$	197

Other Expense, Net

Other income (expense), net (in millions):

	Three Months Ended
	July 29,  2022			July 30, 2021
Interest income	$	7		$	2
Interest expense		(18	)		(18	)
Other, net		26			4
Total other income (expense), net	$	15		$	(12	)

Statements of Cash Flows Additional Information

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

	Three Months Ended
	July 29,  2022		July 30, 2021
Non-cash Investing and Financing Activities:
Capital expenditures incurred but not paid	$	20	$	15
Liabilities incurred to former owners of acquired business	$	3	$	—
Supplemental Cash Flow Information:
Income taxes paid, net of refunds	$	12	$	17
Interest paid	$	27	$	27