Financing Arrangements (Tables)

12 Months Ended

Apr. 28, 2023

Debt Disclosure [Abstract]

Carrying Value of Long-Term Debt

The following table summarizes information relating to our long-term debt, which we collectively refer to as our Senior Notes (in millions, except interest rates):

	Effective Interest Rate	April 28, 2023			April 29, 2022
3.25% Senior Notes Due December 2022	3.43%	$	—		$	250
3.30% Senior Notes Due September 2024	3.42%		400			400
1.875% Senior Notes Due June 2025	2.03%		750			750
2.375% Senior Notes Due June 2027	2.51%		550			550
2.70% Senior Notes Due June 2030	2.81%		700			700
Total principal amount			2,400			2,650
Unamortized discount and issuance costs			(11	)		(14	)
Total senior notes			2,389			2,636
Less: Current portion of long-term debt			—			(250	)
Total long-term debt		$	2,389		$	2,386

Future Principal Debt Maturities

As of April 28, 2023, our aggregate future principal debt maturities are as follows (in millions):

Fiscal Year	Amount
2024	$	—
2025		400
2026		750
2027		—
2028		550
Thereafter		700
Total	$	2,400