Leases (Tables)

3 Months Ended

Jul. 28, 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
	July 28,  2023		July 29, 2022
Operating lease cost	$	14	$	15
Variable lease cost		4		4
Total lease cost	$	18	$	19

Supplemental Cash Flow Information Related to Operating Leases

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

	Three Months Ended
	July 28,  2023		July 29, 2022
Cash paid for amounts included in the measurement of operating lease liabilities	$	14	$	14
Right-of-use assets obtained in exchange for new operating lease obligations	$	9	$	38

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):

	July 28,  2023			April 28,  2023
Other non-current assets	$	270		$	281
Total operating lease ROU assets	$	270		$	281
Accrued expenses	$	44		$	47
Other long-term liabilities		238			248
Total operating lease liabilities	$	282		$	295
Weighted Average Remaining Lease Term	9.6 years			9.4 years
Weighted Average Discount Rate		3.0	%		3.0	%

Future Minimum Operating Lease Payments

Future minimum operating lease payments as of July 28, 2023, are as follows (in millions):

Fiscal Year	Amount
2024 (remainder)	$	38
2025		42
2026		36
2027		32
2028		28
Thereafter		152
Total lease payments		328
Less: Interest		(46	)
Total	$	282