Goodwill and Purchased Intangible Assets, Net

12 Months Ended

Apr. 26, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Purchased Intangible Assets, Net

5. Goodwill and Purchased Intangible Assets, Net

Goodwill activity is summarized as follows (in millions):

	Amount
Balance as of April 29, 2022	$	2,346
Additions		413
Balance as of April 28, 2023		2,759
Additions		—
Balance as of April 26, 2024	$	2,759

Goodwill by reportable segment as of April 26, 2024 is as follows (in millions):

	Amount
Hybrid Cloud	$	1,714
Public Cloud		1,045
Total goodwill	$	2,759

Purchased intangible assets, net are summarized below (in millions):

	April 26, 2024							April 28, 2023
	Gross		Accumulated			Net		Gross		Accumulated			Net
	Assets		Amortization			Assets		Assets		Amortization			Assets
Developed technology	$	179	$	(108	)	$	71	$	212	$	(107	)	$	105
Customer contracts/relationships		114		(62	)		52		118		(44	)		74
Other purchased intangibles		6		(5	)		1		6		(4	)		2
Total purchased intangible assets	$	299	$	(175	)	$	124	$	336	$	(155	)	$	181

During fiscal 2024, we retired approximately $37 million of fully amortized intangible assets. Amortization expense for purchased intangible assets is summarized below (in millions):

	Year Ended						Statements of
	April 26, 2024		April 28, 2023		April 29, 2022		Income Classifications
Developed technology	$	34	$	42	$	33	Cost of revenues
Customer contracts/relationships		22		24		11	Operating expenses
Other purchased intangibles		1		2		2	Operating expenses
Total	$	57	$	68	$	46

As of April 26, 2024, future amortization expense related to purchased intangible assets is as follows (in millions):

Fiscal Year	Amount
2025	$	55
2026		39
2027		29
2028		1
Total	$	124