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Stockholders' Equity (Tables)
 3 Months Ended
Jul. 29, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Activity Related to Stock Options

The following table summarizes information related to our stock options (in millions, except exercise price and contractual term):

 

 

 

Number

of Shares

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual Term

(Years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding as of April 29, 2016

 

 

9

 

 

$

34.01

 

 

 

 

 

 

 

 

 

Forfeited and expired

 

 

(2

)

 

$

39.39

 

 

 

 

 

 

 

 

 

Outstanding as of July 29, 2016

 

 

7

 

 

$

33.75

 

 

 

3.42

 

 

$

29

 

Exercisable as of July 29, 2016

 

 

5

 

 

$

39.29

 

 

 

2.22

 

 

$

5

 

 
Additional Information Related to Stock Options

Additional information related to our stock options is summarized below (in millions):

 

 

 

Three Months Ended

 

 

 

July 29,

2016

 

 

July 31,

2015

 

Intrinsic value of exercises

 

$

3

 

 

$

3

 

Proceeds received from exercises

 

$

1

 

 

$

7

 

Fair value of options vested

 

$

5

 

 

$

6

 

 
Activity Related to Restricted Stock Units Including Performance-Based Restricted Stock Units

The following table summarizes information related to RSUs, including PBRSUs, (in millions, except for fair value):

 

 

 

Number of

Shares

 

 

Weighted-

Average

Grant Date

Fair Value

 

Outstanding as of April 29, 2016

 

 

13

 

 

$

32.46

 

Granted

 

 

4

 

 

$

23.66

 

Vested

 

 

(4

)

 

$

32.74

 

Forfeited

 

 

(1

)

 

$

33.41

 

Outstanding as of July 29, 2016

 

 

12

 

 

$

28.88

 

 
Number and Value of the Shares Netted for Employee Taxes

The number and value of the shares netted for employee taxes are summarized in the table below (in millions):

 

 

 

Three Months Ended

 

 

 

July 29,

2016

 

 

July 31,

2015

 

Shares withheld for taxes

 

 

1

 

 

 

1

 

Fair value of shares withheld

 

$

33

 

 

$

38

 

 
Schedule of Employee Stock Purchase Plan (ESPP) Disclosures

The following table summarizes activity related to the purchase rights issued under the ESPP (in millions):

 

 

 

Three Months Ended

 

 

 

July 29,

2016

 

 

July 31,

2015

 

Shares issued under the ESPP

 

 

2

 

 

 

2

 

Proceeds from issuance of shares

 

$

42

 

 

$

50

 

 
Stock-Based Compensation Expense

Stock-based compensation expense is included in the condensed consolidated statements of operations as follows (in millions):

 

 

 

Three Months Ended

 

 

 

July 29,

2016

 

 

July 31,

2015

 

Cost of product revenues

 

$

1

 

 

$

2

 

Cost of hardware maintenance and other services revenues

 

 

4

 

 

 

6

 

Sales and marketing

 

 

23

 

 

 

31

 

Research and development

 

 

15

 

 

 

26

 

General and administrative

 

 

9

 

 

 

12

 

Total stock-based compensation expense

 

$

52

 

 

$

77

 

 
Summary of Activities Related to Stock Repurchase Program

The following table summarizes activity related to this program for the three months ended July 29, 2016 (in millions, except per share amounts):

 

Number of shares repurchased

 

 

7

 

Average price per share

 

$

24.20

 

Aggregate purchase price

 

$

175

 

Remaining authorization at end of period

 

$

1,324

 

 
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):

 

 

 

Three Months Ended

 

 

 

July 29,

2016

 

 

July 31,

2015

 

Dividends per share declared

 

$

0.19

 

 

$

0.18

 

Dividend payments allocated to additional paid-in capital

 

$

50

 

 

$

54

 

Dividend payments allocated to retained earnings

 

$

3

 

 

$

—

 

 
Reconciliation of Retained Earnings

A reconciliation of retained earnings is as follows (in millions):

 

Balance as of April 29, 2016

 

$

—

 

Cumulative-effect of new accounting principle

 

 

21

 

Net income

 

 

64

 

Repurchases of common stock

 

 

(82

)

Dividends

 

 

(3

)

Balance as of July 29, 2016

 

$

—

 

 
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 on

Available-

for-Sale

Securities

 

 

Unrealized

Gains

(Losses) on

Derivative

Instruments

 

 

Total

 

Balance as of April 29, 2016

 

$

(19

)

 

$

(16

)

 

$

6

 

 

$

(2

)

 

$

(31

)

OCI before reclassifications, net of tax

 

 

(6

)

 

 

—

 

 

 

3

 

 

 

3

 

 

 

—

 

Amounts reclassified from AOCI, net of tax

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total OCI

 

 

(6

)

 

 

—

 

 

 

3

 

 

 

3

 

 

 

—

 

Balance as of July 29, 2016

 

$

(25

)

 

$

(16

)

 

$

9

 

 

$

1

 

 

$

(31

)

 
Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)

The amounts reclassified out of AOCI are as follows (in millions):

 

 

 

Three Months Ended

 

 

 

 

 

July 29,

2016

 

 

July 31,

2015

 

 

 

 

 

Amounts Reclassified from AOCI

 

 

Statements of

Operations Location

Recognized losses on defined benefit

    obligations

 

$

—

 

 

$

1

 

 

Operating expenses

Realized losses on cash flow hedges

 

 

—

 

 

 

1

 

 

Net revenues

Total reclassifications

 

$

—

 

 

$

2