Stockholders' Equity (Tables)

9 Months Ended

Jan. 27, 2023

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 27, 2023		January 28, 2022		January 27, 2023		January 28, 2022
Cost of product revenues	$	2	$	1	$	4	$	3
Cost of services revenues		6		4		14		10
Sales and marketing		40		30		103		85
Research and development		32		19		82		53
General and administrative		13		10		35		28
Total stock-based compensation expense	$	93	$	64	$	238	$	179

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 27, 2023 (in millions, except for per share amounts):

Number of shares repurchased		10
Average price per share	$	66.93
Stock repurchases allocated to additional paid-in capital	$	37
Stock repurchases allocated to retained earnings	$	663
Remaining authorization at end of period	$	552

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 27, 2023		January 28, 2022
Dividends per share declared	$	1.50	$	1.50
Dividend payments allocated to additional paid-in capital	$	106	$	—
Dividend payments allocated to retained earnings	$	220	$	335

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 Derivative Instruments			Total
Balance as of April 29, 2022	$	(44	)	$	(1	)	$	1		$	(44	)
Other comprehensive loss, net of tax		(6	)		—			(7	)		(13	)
Amounts reclassified from AOCI, net of tax		—			—			2			2
Total other comprehensive loss		(6	)		—			(5	)		(11	)
Balance as of January 27, 2023	$	(50	)	$	(1	)	$	(4	)	$	(55	)

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 27, 2023		January 28, 2022			January 27, 2023		January 28, 2022			Statements of Income Classification
Realized gains (losses) on cash flow hedges	$	6	$	(4	)	$	2	$	(5	)	Net revenues
Total reclassifications	$	6	$	(4	)	$	2	$	(5	)