Supplemental Financial Information (Tables)

9 Months Ended

Jan. 24, 2020

Supplemental Financial Information [Abstract]

Cash, Cash Equivalents and Restricted Cash

Cash, cash equivalents and restricted cash (in millions):

The following table presents cash and cash equivalents as reported in our condensed consolidated balance sheets, as well as the sum of cash, cash equivalents and restricted cash as reported on our condensed consolidated statements of cash flows:

	January 24, 2020		April 26, 2019
Cash and cash equivalents	$	2,705	$	2,325
Restricted cash		6		6
Cash, cash equivalents and restricted cash	$	2,711	$	2,331

Inventories

Inventories (in millions):

	January 24, 2020		April 26, 2019
Purchased components	$	18	$	8
Finished goods		95		123
Inventories	$	113	$	131

Property and Equipment, Net

Property and equipment, net (in millions):

	January 24, 2020			April 26, 2019
Land	$	104		$	106
Buildings and improvements		610			605
Leasehold improvements		87			86
Computer, production, engineering and other equipment		844			817
Computer software		359			357
Furniture and fixtures		107			105
Construction-in-progress		26			10
		2,137			2,086
Accumulated depreciation and amortization		(1,397	)		(1,327	)
Property and equipment, net	$	740		$	759

Other Non-Current Assets

Other non-current assets (in millions):

	January 24, 2020		April 26, 2019
Deferred tax assets	$	222	$	201
Operating lease ROU assets		142		—
Other assets		348		389
Other non-current assets	$	712	$	590

Accrued Expenses

Accrued expenses (in millions):

	January 24, 2020		April 26, 2019
Accrued compensation and benefits	$	285	$	433
Product warranty liabilities		26		25
Operating lease liabilities		50		—
Other current liabilities		299		393
Accrued expenses	$	660	$	851

Product Warranty Liabilities

The following tables summarize the activity related to product warranty liabilities and their balances as reported in our condensed consolidated balance sheets (in millions):

	Three Months Ended						Nine Months Ended
	January 24, 2020			January 25, 2019			January 24, 2020			January 25, 2019
Balance at beginning of period	$	40		$	39		$	40		$	40
Expense accrued during the period		7			6			19			16
Warranty costs incurred		(6	)		(6	)		(18	)		(17	)
Balance at end of period	$	41		$	39		$	41		$	39

	January 24, 2020		April 26, 2019
Accrued expenses	$	26	$	25
Other long-term liabilities		15		15
Total warranty liabilities	$	41	$	40

Other Long-term Liabilities

Other long-term liabilities (in millions):

	January 24, 2020		April 26, 2019
Liability for uncertain tax positions	$	167	$	252
Income taxes payable		399		447
Product warranty liabilities		15		15
Operating lease liabilities		99		—
Other liabilities		68		83
Other long-term liabilities	$	748	$	797

Other Income, Net

Other income, net (in millions):

	Three Months Ended						Nine Months Ended
	January 24, 2020			January 25, 2019			January 24, 2020			January 25, 2019
Interest income	$	10		$	22		$	41		$	68
Interest expense		(14	)		(16	)		(41	)		(44	)
Other income, net		12			2			26			9
Total other income, net	$	8		$	8		$	26		$	33

Statements of Cash Flows Additional Information

Supplemental cash flow information related to our operating leases is included in Note 9 ─ Leases. Non-cash investing activities and other supplemental cash flow information are presented below:

	Nine Months Ended
	January 24, 2020		January 25, 2019
Non-cash Investing Activities:
Capital expenditures incurred but not paid	$	7	$	6
Supplemental Cash Flow Information:
Income taxes paid, net of refunds	$	266	$	150
Interest paid	$	40	$	41