Stockholders' Equity (Tables)

3 Months Ended

Jul. 26, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Information Related to Stock Options

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

	Three Months Ended
	July 26, 2019		July 27, 2018
Intrinsic value of exercises	$	1	$	15
Proceeds received from exercises	$	1	$	13
Fair value of options vested	$	2	$	1

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

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

	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding as of April 26, 2019		8		$	45.68
Granted		3		$	52.21
Vested		(2	)	$	37.88
Forfeited		(1	)	$	47.64
Outstanding as of July 26, 2019		8		$	51.25

Number and Value of 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 26, 2019		July 27, 2018
Shares withheld for taxes		1		1
Fair value of shares withheld	$	71	$	84

Schedule of Employee Stock Purchase Plan (ESPP)

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

	Three Months Ended
	July 26, 2019		July 27, 2018
Shares issued under the ESPP		1		2
Proceeds from issuance of shares	$	54	$	49

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 26, 2019		July 27, 2018
Cost of product revenues	$	1	$	1
Cost of hardware maintenance and other services revenues		2		3
Sales and marketing		18		17
Research and development		15		12
General and administrative		6		7
Total stock-based compensation expense	$	42	$	40
Income tax benefit for stock-based compensation expense	$	4	$	5

Summary of Activities Related to Stock Repurchase Program

The following table summarizes activity related to this program for the three months ended July 26, 2019 (in millions, except per share amounts):

Number of shares repurchased		4
Average price per share	$	64.87
Aggregate purchase price	$	250
Remaining authorization at end of period	$	1,639

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 26, 2019		July 27, 2018
Dividends per share declared	$	0.48	$	0.40
Dividend payments allocated to additional paid-in capital	$	115	$	105
Dividend payments allocated to retained earnings	$	—	$	—

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 (Losses) on Available- for-Sale Securities			Unrealized Gains (Losses) on Derivative Instruments			Total
Balance as of April 26, 2019	$	(34	)	$	(3	)	$	(7	)	$	1		$	(43	)
Other comprehensive income (loss), net of tax		(1	)		—			20			(1	)		18
Amounts reclassified from AOCI, net of tax		—			—			(14	)		—			(14	)
Total other comprehensive income		(1	)		—			6			(1	)		4
Balance as of July 26, 2019	$	(35	)	$	(3	)	$	(1	)	$	—		$	(39	)