Deleting History Fenix 5x

When Deleting History using the step below, does that only delete from the watch itself? I'm assuming the ***NOTE*** that says "This does not delete any saved activities" means anything that  was saved and subsequently uploaded to your Garmin Connect account won't be deleted? I wanted to verify before moving forward with the below steps.  

Thanks in advance!

Deleting History
1
Hold MENU.
2
Select History > Options.
3
Select an option:

Select Delete All Activities to delete all activities from the history.

Select Reset Totals to reset all distance and time totals.
NOTE: This does not delete any saved activities.
4
Confirm your selection.