Income Taxes (Tables)

12 Months Ended

Apr. 28, 2017

Income Tax Disclosure [Abstract]

Income Before Income Taxes

Income before income taxes is as follows (in millions):

	Year Ended
	April 28, 2017		April 29, 2016		April 24, 2015
Domestic	$	206	$	88	$	253
Foreign		459		257		460
Total	$	665	$	345	$	713

Provision for Income Taxes

The provision for income taxes consists of the following (in millions):

	Year Ended
	April 28, 2017			April 29, 2016			April 24, 2015
Current:
Federal	$	22		$	180		$	104
State		3			14			12
Foreign		41			35			40
Total current		66			229			156
Deferred:
Federal		75			(91	)		8
State		18			(17	)		(3	)
Foreign		(3	)		(5	)		(8	)
Total deferred		90			(113	)		(3	)
Provision for income taxes	$	156		$	116		$	153

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate as follows (in millions):

	Year Ended
	April 28, 2017			April 29, 2016			April 24, 2015
Tax computed at federal statutory rate	$	233		$	121		$	250
State income taxes, net of federal benefit		14			(3	)		5
Foreign earnings in lower tax jurisdictions		(100	)		(81	)		(141	)
Stock-based compensation		16			13			6
Research and development credits		(8	)		(14	)		(14	)
Resolution of income tax examinations		—			20			46
Domestic production activities deduction		(4	)		(10	)		(5	)
Tax charge from integration of intellectual property    from the SolidFire acquisition		—			64			—
Other		5			6			6
Provision for income taxes	$	156		$	116		$	153

Deferred Tax Assets and Liabilities

The components of our deferred tax assets and liabilities are as follows (in millions):

	April 28, 2017			April 29, 2016
Deferred tax assets:
Reserves and accruals	$	149		$	214
Net operating loss and credit carryforwards		104			72
Stock-based compensation		49			66
Deferred revenue		329			336
Other		32			39
Gross deferred tax assets		663			727
Valuation allowance		(94	)		(59	)
Deferred tax assets, net of valuation allowance		569			668
Deferred tax liabilities:
Prepaids and accruals		3			3
Acquired intangibles		36			27
Property and equipment		4			14
Other		2			3
Total deferred tax liabilities		45			47
Deferred tax assets, net of valuation allowance and deferred tax liabilities	$	524		$	621

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):

	Year Ended
	April 28, 2017			April 29, 2016			April 24, 2015
Balance at beginning of period	$	216		$	272		$	236
Additions based on tax positions related to the current year		7			14			22
Additions for tax positions of prior years		7			21			101
Decreases for tax positions of prior years		—			(39	)		(29	)
Settlements		(12	)		(52	)		(58	)
Balance at end of period	$	218		$	216		$	272

Summary of Tax Years Remain Subject to Examinations under Major Tax Jurisdictions

The tax years that remain subject to examination for our major tax jurisdictions are shown below:

Fiscal Years Subject to Examination for Major Tax Jurisdictions at April 28, 2017

2012 — 2017	United States — federal income tax
2008 — 2017	United States — state and local income tax
2013 — 2017	Australia
2014 — 2017	Germany
2007 — 2017	India
2011 — 2017	Japan
2013 — 2017	The Netherlands
2014 — 2017	United Kingdom
2009 — 2017	Canada