Goodwill and Purchased Intangible Assets, Net

6 Months Ended

Oct. 25, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Purchased Intangible Assets, Net

3. Goodwill and Purchased Intangible Assets, Net

Goodwill by reportable segment as of October 25, 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):

	October 25,  2024							April 26,   2024
	Gross		Accumulated			Net		Gross		Accumulated			Net
	Assets		Amortization			Assets		Assets		Amortization			Assets
Developed technology	$	163	$	(109	)	$	54	$	179	$	(108	)	$	71
Customer contracts/relationships		108		(67	)		41		114		(62	)		52
Other purchased intangibles		3		(2	)		1		6		(5	)		1
Total purchased intangible assets	$	274	$	(178	)	$	96	$	299	$	(175	)	$	124

During the first six months of fiscal 2025, we retired approximately $25 million of fully amortized intangible assets.

Amortization expense for purchased intangible assets is summarized below (in millions):

	Three Months Ended				Six Months Ended				Statements of
	October 25,  2024		October 27, 2023		October 25,  2024		October 27, 2023		Income Classification
Developed technology	$	9	$	8	$	17	$	17	Cost of revenues
Customer contracts/relationships		5		6		11		11	Operating expenses
Other purchased intangibles		—		—		—		1	Operating expenses
Total	$	14	$	14	$	28	$	29

As of October 25, 2024, future amortization expense related to purchased intangible assets is as follows (in millions):

Fiscal Year	Amount
2025 (remainder)	$	27
2026		39
2027		29
2028		1
Total	$	96