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Revenue (Tables)
6 Months Ended
Oct. 25, 2019
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregation of Revenue

The following table depicts the disaggregation of revenue by our products and services (in millions):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

October 25,

2019

 

 

October 26,

2018

 

 

October 25,

2019

 

 

October 26,

2018

 

Product revenues

 

$

771

 

 

$

913

 

 

$

1,415

 

 

$

1,788

 

Strategic

 

442

 

 

485

 

 

 

779

 

 

 

960

 

Mature

 

329

 

 

428

 

 

 

636

 

 

 

828

 

Software maintenance revenues

 

254

 

 

236

 

 

 

504

 

 

465

 

Hardware maintenance and other services revenues

 

346

 

 

368

 

 

 

688

 

 

 

738

 

Hardware maintenance support contracts

 

286

 

 

303

 

 

 

570

 

 

 

606

 

Professional and other services

 

60

 

 

65

 

 

 

118

 

 

 

132

 

Net revenues

 

$

1,371

 

 

$

1,517

 

 

$

2,607

 

 

$

2,991

 

Deferred Revenue and Financed Unearned Services Revenue

The following table summarizes the components of our deferred revenue and financed unearned services balance as reported in our condensed consolidated balance sheets (in millions):

 

 

 

October 25,

2019

 

 

April 26,

2019

 

Deferred product revenue

 

$

85

 

 

$

84

 

Deferred services revenue

 

 

3,314

 

 

 

3,502

 

Financed unearned services revenue

 

 

69

 

 

 

82

 

Total

 

$

3,468

 

 

$

3,668

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reported as:

 

 

 

 

 

 

 

 

Short-term

 

$

1,718

 

 

$

1,825

 

Long-term

 

 

1,750

 

 

 

1,843

 

Total

 

$

3,468

 

 

$

3,668

 

The following tables summarize the activity related to deferred revenue and financed unearned services revenue (in millions):

 

 

 

Six Months Ended

 

 

 

October 25,

2019

 

 

October 26,

2018

 

Balance at beginning of period

 

$

3,668

 

 

$

3,363

 

Additions

 

 

1,011

 

 

 

1,067

 

Revenue recognized during the period

 

 

(1,211

)

 

 

(1,224

)

Balance at end of period

 

$

3,468

 

 

$

3,206

 

Summary of Activity Related to Deferred Commissions and their Balances in Condensed Consolidated Balance Sheets The following tables summarize the activity related to deferred commissions and their balances as reported in our condensed consolidated balance sheets (in millions):

 

 

 

Six Months Ended

 

 

 

October 25,

2019

 

 

October 26,

2018

 

Balance at beginning of period

 

$

172

 

 

$

137

 

Additions

 

 

32

 

 

 

35

 

Expense recognized during the period

 

 

(50

)

 

 

(41

)

Balance at end of period

 

$

154

 

 

$

131

 

 

 

 

October 25,

2019

 

 

April 26,

2019

 

Other current assets

 

$

66

 

 

$

75

 

Other non-current assets

 

 

88

 

 

 

97

 

Total deferred commissions

 

$

154

 

 

$

172