Stockholders' Equity (Tables)

3 Months Ended

Jul. 30, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Information Related to Stock Options

Information related to our stock options is summarized below (in millions):

	Three Months Ended
	July 30, 2021		July 31, 2020
Intrinsic value of exercises	$	5	$	—
Fair value of options vested	$	1	$	—

Activity Related to Restricted Stock Units Including Performance-Based Restricted Stock Units

The following table summarizes information related to our RSUs, including PBRSUs, (in millions, except fair value):

	Number of Shares			Weighted- Average Grant Date Fair Value
Outstanding as of April 30, 2021		9		$	47.75
Granted		4		$	81.15
Vested		(2	)	$	48.37
Forfeited		(1	)	$	53.83
Outstanding as of July 30, 2021		10		$	59.95

Number and Value of Shares Netted for Employee Taxes

The number and value of the shares netted for employee taxes are summarized in the table below (in millions):

	Three Months Ended
	July 30, 2021		July 31, 2020
Shares withheld for taxes		1		1
Fair value of shares withheld	$	57	$	33

Schedule of Employee Stock Purchase Plan (ESPP)

The following table summarizes activity related to the purchase rights issued under the ESPP (in millions):

	Three Months Ended
	July 30, 2021		July 31, 2020
Shares issued under the ESPP		1		1
Proceeds from issuance of shares	$	52	$	48

Stock-Based Compensation Expense

Stock-based compensation expense is included in the condensed consolidated statements of income as follows (in millions):

	Three Months Ended
	July 30, 2021		July 31, 2020
Cost of product revenues	$	1	$	1
Cost of services revenues		2		3
Sales and marketing		26		25
Research and development		16		19
General and administrative		8		6
Total stock-based compensation expense	$	53	$	54
Income tax benefit for stock-based compensation expense	$	5	$	4

Summary of Activities Related to Stock Repurchase Program

The following table summarized activity related to the stock repurchase program for the three months ended July 30, 2021 (in millions, except for per share amounts):

Number of shares repurchased		1
Average price per share	$	80.08
Stock repurchases allocated to additional paid-in capital	$	3
Stock repurchases allocated to retained earnings	$	97
Remaining authorization at end of period	$	752

Summary of Activities Related to Dividends on Common Stock

The following is a summary of our activities related to dividends on our common stock (in millions, except per share amounts):

	Three Months Ended
	July 30, 2021		July 31, 2020
Dividends per share declared	$	0.50	$	0.48
Dividend payments allocated to additional paid-in capital	$	—	$	30
Dividend payments allocated to retained earnings	$	112	$	77

Accumulated Other Comprehensive Income (Loss) by Component Net of Tax

Changes in accumulated other comprehensive income (loss) (AOCI) by component, net of tax, are summarized below (in millions):

	Foreign Currency Translation Adjustments			Defined Benefit Obligation Adjustments			Unrealized Gains (Losses) on Available- for-Sale Securities			Unrealized Gains (Losses) on Derivative Instruments		Total
Balance as of April 30, 2021	$	(27	)	$	(4	)	$	1		$	—	$	(30	)
Other comprehensive income (loss), net of tax		(4	)		—			(1	)		1		(4	)
Total other comprehensive income (loss)		(4	)		—			(1	)		1		(4	)
Balance as of July 30, 2021	$	(31	)	$	(4	)	$	—		$	1	$	(34	)

Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)

The amounts reclassified out of AOCI are as follows (in millions):

	Three Months Ended
	July 30, 2021		July 31, 2020		Statements of Income Classification
Realized losses on cash flow hedges		—		1	Net revenues
Total reclassifications	$	—	$	1