Leases (Tables)

9 Months Ended

Jan. 27, 2023

Leases [Abstract]

Components of Lease Cost Related to Operating Leases

The components of lease cost related to our operating leases were as follows (in millions):

	Three Months Ended				Nine Months Ended
	January 27, 2023		January 28, 2022		January 27, 2023		January 28, 2022
Operating lease cost	$	15	$	15	$	46	$	46
Variable lease cost		4		3		12		11
Total lease cost	$	19	$	18	$	58	$	57

Supplemental Cash Flow Information Related to Operating Leases

The supplemental cash flow information related to our operating leases is as follows (in millions):

	Nine Months Ended
	January 27, 2023		January 28, 2022
Cash paid for amounts included in the measurement of operating lease liabilities	$	41	$	41
Right-of-use assets obtained in exchange for new operating lease obligations	$	33	$	236

Supplemental Balance Sheet Information Related to Operating Leases

The supplemental balance sheet information related to our operating leases is as follows (in millions, except lease term and discount rate):

	January 27, 2023			April 29,  2022
Other non-current assets	$	289		$	294
Total operating lease ROU assets	$	289		$	294
Accrued expenses	$	48		$	47
Other long-term liabilities		254			257
Total operating lease liabilities	$	302		$	304
Weighted Average Remaining Lease Term	9.5 years			9.6 years
Weighted Average Discount Rate		2.9	%		2.8	%

Future Minimum Operating Lease Payments

Future minimum operating lease payments as of January 27, 2023, are as follows (in millions):

Fiscal Year	Amount
2023 (remainder)	$	14
2024		51
2025		41
2026		36
2027		32
Thereafter		176
Total lease payments		350
Less: Interest		(48	)
Total	$	302