Derivatives and Hedging Activities (Tables)

3 Months Ended

Jul. 28, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Value of Outstanding Foreign Currency Exchange Forward Contracts

The notional amount of our outstanding U.S. dollar equivalent foreign currency exchange forward contracts consisted of the following (in millions):

	July 28,  2023		April 28,   2023
Cash Flow Hedges
Forward contracts purchased	$	108	$	95
Balance Sheet Contracts
Forward contracts sold	$	885	$	965
Forward contracts purchased	$	184	$	96

Schedule of Derivative Instruments Not Designated as Hedging Instruments

The effect of derivative instruments not designated as hedging instruments recognized in other income, net on our condensed consolidated statements of income was as follows (in millions):

	Three Months Ended
	July 28,  2023			July 29, 2022
Foreign currency exchange contracts	$	(4	)	$	(21	)