Goodwill and Purchased Intangible Assets, Net

12 Months Ended

Apr. 24, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Purchased Intangible Assets, Net

5. Goodwill and Purchased Intangible Assets, Net

Goodwill activity is summarized as follows (in millions):

Balance as of April 27, 2018	$	1,739
Additions		3
Derecognition		(7	)
Balance as of April 26, 2019		1,735
Additions		43
Balance as of April 24, 2020	$	1,778

We derecognized goodwill during fiscal 2019 in connection with our contribution of a group of assets to a newly formed joint venture with Lenovo in exchange for a non-controlling ownership interest in the new entity. Refer to Note 6 – Supplemental Financial Information for additional details.

Purchased intangible assets, net are summarized below (in millions):

	April 24, 2020							April 26, 2019
	Gross		Accumulated			Net		Gross		Accumulated			Net
	Assets		Amortization			Assets		Assets		Amortization			Assets
Developed technology	$	192	$	(152	)	$	40	$	160	$	(113	)	$	47
Customer contracts/relationships		4		—			4		41		(41	)		—
Total purchased intangible assets	$	196	$	(152	)	$	44	$	201	$	(154	)	$	47

Amortization expense for purchased intangible assets is summarized below (in millions):

	Year Ended						Statement of
	April 24, 2020		April 26, 2019		April 27, 2018		Operations Classifications
Developed technology	$	39	$	36	$	36	Cost of revenues
Customer contracts/relationships		—		10		14	Operating expenses
Other purchased intangibles		—		—		3	Operating expenses
Total	$	39	$	46	$	53

As of April 24, 2020, future amortization expense related to purchased intangible assets is as follows (in millions):

Fiscal Year	Amount
2021	28
2022	12
Thereafter	4
Total	44