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Goodwill and Purchased Intangible Assets, Net
6 Months Ended
Oct. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Purchased Intangible Assets, Net

4. Goodwill and Purchased Intangible Assets, Net

Goodwill activity is summarized as follows (in millions):

 

Balance as of April 24, 2020

 

$

1,778

 

Additions

 

 

261

 

Balance as of October 30, 2020

 

$

2,039

 

 

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

 

 

 

October 30, 2020

 

 

April 24, 2020

 

 

 

Gross

 

 

Accumulated

 

 

Net

 

 

Gross

 

 

Accumulated

 

 

Net

 

 

 

Assets

 

 

Amortization

 

 

Assets

 

 

Assets

 

 

Amortization

 

 

Assets

 

Developed technology

 

$

215

 

 

$

(128

)

 

$

87

 

 

$

192

 

 

$

(152

)

 

$

40

 

Customer contracts/relationships

 

 

38

 

 

 

(3

)

 

 

35

 

 

 

4

 

 

 

 

 

 

4

 

Other purchased intangibles

 

 

3

 

 

 

 

 

 

3

 

 

 

 

 

 

 

 

 

 

Total purchased intangible assets

 

$

256

 

 

$

(131

)

 

$

125

 

 

$

196

 

 

$

(152

)

 

$

44

 

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

Statements of

 

 

October 30, 2020

 

 

October 25,

2019

 

 

October 30, 2020

 

 

October 25,

2019

 

 

Operations

Classification

Developed technology

 

$

12

 

 

$

11

 

 

$

22

 

 

$

22

 

 

Cost of revenues

Customer contracts/relationships

 

 

3

 

 

 

 

 

 

3

 

 

 

 

 

Operating expenses

Total

 

$

15

 

 

$

11

 

 

$

25

 

 

$

22

 

 

 

As of October 30, 2020, future amortization expense related to purchased intangible assets is as follows (in millions):

 

Fiscal Year

 

Amount

 

Remainder of 2021

 

$

23

 

2022

 

 

37

 

2023

 

 

29

 

2024

 

 

17

 

2025

 

 

16

 

2026

 

 

3

 

Total

 

$

125