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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Oct. 27, 2023
Apr. 28, 2023
Current assets:    
Cash and cash equivalents $ 1,934 $ 2,316
Short-term investments 686 754
Accounts receivable 787 987
Inventories 122 167
Other current assets 464 456
Total current assets 3,993 4,680
Property and equipment, net 623 650
Goodwill 2,759 2,759
Purchased intangible assets, net 152 181
Other non-current assets 1,546 1,548
Total assets 9,073 9,818
Current liabilities:    
Accounts payable 411 392
Accrued expenses 919 857
Current portion of long-term debt 400 0
Short-term deferred revenue and financed unearned services revenue 2,003 2,218
Total current liabilities 3,733 3,467
Long-term debt 1,991 2,389
Other long-term liabilities 580 708
Long-term deferred revenue and financed unearned services revenue 1,999 2,095
Total liabilities 8,303 8,659
Commitments and contingencies (Note 15)
Stockholders' equity:    
Common stock and additional paid-in capital, $0.001 par value; 206 and 212 shares issued and outstanding as of October 27, 2023 and April 28, 2023, respectively 825 945
Retained earnings 0 265
Accumulated other comprehensive loss (55) (51)
Total stockholders' equity 770 1,159
Total liabilities and stockholders' equity $ 9,073 $ 9,818