Supplemental Financial Information (Tables)

3 Months Ended

Jul. 30, 2021

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:

	July 30, 2021		April 30, 2021
Cash and cash equivalents	$	4,492	$	4,529
Restricted cash		8		6
Cash, cash equivalents and restricted cash	$	4,500	$	4,535

Inventories

Inventories (in millions):

	July 30, 2021		April 30, 2021
Purchased components	$	36	$	22
Finished goods		72		92
Inventories	$	108	$	114

Property and Equipment, Net

Property and equipment, net (in millions):

	July 30, 2021			April 30, 2021
Land	$	46		$	46
Buildings and improvements		350			356
Leasehold improvements		78			83
Computer, production, engineering and other equipment		871			869
Computer software		290			305
Furniture and fixtures		77			93
Construction-in-progress		62			46
		1,774			1,798
Accumulated depreciation and amortization		(1,241	)		(1,273	)
Property and equipment, net	$	533		$	525

Other Non-Current Assets

Other non-current assets (in millions):

	July 30, 2021		April 30, 2021
Deferred tax assets	$	233	$	219
Operating lease ROU assets		259		114
Other assets		353		361
Other non-current assets	$	845	$	694

Accrued Expenses

Accrued expenses (in millions):

	July 30, 2021		April 30, 2021
Accrued compensation and benefits	$	282	$	505
Product warranty liabilities		21		21
Operating lease liabilities		53		49
Other current liabilities		391		395
Accrued expenses	$	747	$	970

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
	July 30, 2021			July 31, 2020
Balance at beginning of period	$	32		$	41
Expense accrued during the period		4			1
Warranty costs incurred		(5	)		(5	)
Balance at end of period	$	31		$	37

	July 30, 2021		April 30, 2021
Accrued expenses	$	21	$	21
Other long-term liabilities		10		11
Total warranty liabilities	$	31	$	32

Other Long-term Liabilities

Other long-term liabilities (in millions):

	July 30, 2021		April 30, 2021
Liability for uncertain tax positions	$	120	$	127
Income taxes payable		351		351
Product warranty liabilities		10		11
Operating lease liabilities		211		71
Other liabilities		92		90
Other long-term liabilities	$	784	$	650

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):

	July 30, 2021		April 30, 2021
Deferred product revenue	$	47	$	59
Deferred services revenue		3,792		3,873
Financed unearned services revenue		65		71
Total	$	3,904	$	4,003
Reported as:
Short-term	$	1,988	$	2,062
Long-term		1,916		1,941
Total	$	3,904	$	4,003

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

	Three Months Ended
	July 30, 2021			July 31, 2020
Balance at beginning of period	$	4,003		$	3,698
Additions		638			644
Revenue recognized during the period		(737	)		(722	)
Balance at end of period	$	3,904		$	3,620

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):

	Three Months Ended
	July 30, 2021			July 31, 2020
Balance at beginning of period	$	197		$	156
Additions		26			21
Expense recognized during the period		(34	)		(25	)
Balance at end of period	$	189		$	152

	July 30, 2021		April 30, 2021
Other current assets	$	80	$	86
Other non-current assets		109		111
Total deferred commissions	$	189	$	197

Other Expense, Net

Other expense, net (in millions):

	Three Months Ended
	July 30, 2021			July 31, 2020
Interest income	$	2		$	3
Interest expense		(18	)		(18	)
Other income (expense), net		4			(17	)
Total other expense, net	$	(12	)	$	(32	)

Statements of Cash Flows Additional Information

Supplemental cash flow information related to our operating leases is included in Note 8 ─ Leases. Non-cash investing activities and other supplemental cash flow information are presented below:

	Three Months Ended
	July 30, 2021		July 31, 2020
Non-cash Investing Activities:
Capital expenditures incurred but not paid	$	15	$	10
Supplemental Cash Flow Information:
Income taxes paid, net of refunds	$	17	$	136
Interest paid	$	27	$	16