Supplemental Financial Information (Tables)
|
12 Months Ended |
Apr. 24, 2026 |
| Supplemental Financial Information [Abstract] |
|
| Cash and Cash Equivalents |
Cash and cash equivalents (in millions): The following table presents cash and cash equivalents as reported in our consolidated balance sheets, as well as the sum of cash, cash equivalents and restricted cash as reported on our consolidated statements of cash flows:
|
|
|
|
|
|
|
|
|
|
|
April 24, 2026 |
|
|
April 25, 2025 |
|
Cash and cash equivalents |
|
$ |
2,070 |
|
|
$ |
2,742 |
|
Restricted cash |
|
|
5 |
|
|
|
7 |
|
Cash, cash equivalents and restricted cash |
|
$ |
2,075 |
|
|
$ |
2,749 |
|
|
| Inventories |
Inventories (in millions):
|
|
|
|
|
|
|
|
|
|
|
April 24, 2026 |
|
|
April 25, 2025 |
|
Purchased components |
|
$ |
14 |
|
|
$ |
81 |
|
Finished goods |
|
|
184 |
|
|
|
105 |
|
Inventories |
|
$ |
198 |
|
|
$ |
186 |
|
|
| Property and Equipment, Net |
Property and equipment, net (in millions):
|
|
|
|
|
|
|
|
|
|
|
April 24, 2026 |
|
|
April 25, 2025 |
|
Land |
|
$ |
46 |
|
|
$ |
46 |
|
Buildings and improvements |
|
|
377 |
|
|
|
374 |
|
Leasehold improvements |
|
|
114 |
|
|
|
103 |
|
Computer, production, engineering and other equipment |
|
|
1,264 |
|
|
|
1,172 |
|
Computer software |
|
|
66 |
|
|
|
329 |
|
Furniture and fixtures |
|
|
61 |
|
|
|
62 |
|
Construction-in-progress |
|
|
58 |
|
|
|
49 |
|
|
|
|
1,986 |
|
|
|
2,135 |
|
Accumulated depreciation and amortization |
|
|
(1,394 |
) |
|
|
(1,572 |
) |
Property and equipment, net |
|
$ |
592 |
|
|
$ |
563 |
|
|
| Depreciation and Amortization Expense |
Depreciation and amortization expense related to property and equipment, net is summarized below (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
|
|
April 24, 2026 |
|
|
April 25, 2025 |
|
|
April 26, 2024 |
|
Depreciation and amortization expense |
|
$ |
179 |
|
|
$ |
196 |
|
|
$ |
198 |
|
|
| Other Non-Current Assets |
Other non-current assets (in millions):
|
|
|
|
|
|
|
|
|
|
|
April 24, 2026 |
|
|
April 25, 2025 |
|
Deferred tax assets |
|
$ |
859 |
|
|
$ |
994 |
|
Operating lease right-of-use (ROU) assets |
|
|
228 |
|
|
|
241 |
|
Other assets |
|
|
495 |
|
|
|
408 |
|
Other non-current assets |
|
$ |
1,582 |
|
|
$ |
1,643 |
|
|
| Accrued Expenses |
Accrued expenses (in millions):
|
|
|
|
|
|
|
|
|
|
|
April 24, 2026 |
|
|
April 25, 2025 |
|
Accrued compensation and benefits |
|
$ |
543 |
|
|
$ |
513 |
|
Income tax payable |
|
|
29 |
|
|
|
146 |
|
Operating lease liabilities |
|
|
42 |
|
|
|
40 |
|
Other current liabilities |
|
|
537 |
|
|
|
423 |
|
Accrued expenses |
|
$ |
1,151 |
|
|
$ |
1,122 |
|
|
| Other Long-term Liabilities |
Other long-term liabilities (in millions):
|
|
|
|
|
|
|
|
|
|
|
April 24, 2026 |
|
|
April 25, 2025 |
|
Liability for uncertain tax positions |
|
$ |
38 |
|
|
$ |
45 |
|
Operating lease liabilities |
|
|
204 |
|
|
|
216 |
|
Other liabilities |
|
|
118 |
|
|
|
118 |
|
Other long-term liabilities |
|
$ |
360 |
|
|
$ |
379 |
|
|
| Summary of Activity Related to Deferred Commissions and their Balances in Condensed Consolidated Balance Sheets |
The following table summarizes deferred commissions balances as reported in our consolidated balance sheets (in millions):
|
|
|
|
|
|
|
|
|
|
|
April 24, 2026 |
|
|
April 25, 2025 |
|
Other current assets |
|
$ |
117 |
|
|
$ |
64 |
|
Other non-current assets |
|
|
152 |
|
|
|
104 |
|
Total deferred commissions |
|
$ |
269 |
|
|
$ |
168 |
|
|
| Other (Expense) Income, Net |
Other (expense) income, net (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
|
|
April 24, 2026 |
|
|
April 25, 2025 |
|
|
April 26, 2024 |
|
Interest income |
|
$ |
113 |
|
|
$ |
112 |
|
|
$ |
112 |
|
Interest expense |
|
|
(109 |
) |
|
|
(64 |
) |
|
|
(64 |
) |
Other, net |
|
|
(30 |
) |
|
|
(2 |
) |
|
|
1 |
|
Total other (expense) income, net |
|
$ |
(26 |
) |
|
$ |
46 |
|
|
$ |
49 |
|
|
| 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
|
|
April 24, 2026 |
|
|
April 25, 2025 |
|
|
April 26, 2024 |
|
Non-cash Investing Activities: |
|
|
|
|
|
|
|
|
|
Capital expenditures incurred but not paid |
|
$ |
20 |
|
|
$ |
14 |
|
|
$ |
16 |
|
Supplemental Cash Flow Information: |
|
|
|
|
|
|
|
|
|
Income taxes paid, net of refunds |
|
$ |
435 |
|
|
$ |
412 |
|
|
$ |
357 |
|
Interest paid |
|
$ |
109 |
|
|
$ |
53 |
|
|
$ |
59 |
|
|
| Assets and Liabilities Held for Sale |
The major classes of assets and liabilities derecognized were (in millions):
|
|
|
|
|
|
|
Amount |
|
Assets: |
|
|
|
Property and equipment, net |
|
$ |
13 |
|
Goodwill |
|
|
36 |
|
Purchased intangible assets, net |
|
|
34 |
|
Total Assets |
|
|
83 |
|
Liabilities: |
|
|
|
Short-term deferred revenue |
|
|
1 |
|
|