Leases (Tables)

9 Months Ended

Jan. 26, 2024

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 26,  2024		January 27, 2023		January 26,  2024		January 27, 2023
Operating lease cost	$	13	$	15	$	41	$	46
Variable lease cost		3		4		11		12
Total lease cost	$	16	$	19	$	52	$	58

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 26,  2024		January 27, 2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	38	$	41
Right-of-use assets obtained in exchange for new operating lease obligations	$	15	$	33

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 26,  2024			April 28,  2023
Other non-current assets	$	252		$	281
Total operating lease ROU assets	$	252		$	281
Accrued expenses	$	40		$	47
Other long-term liabilities		225			248
Total operating lease liabilities	$	265		$	295
Weighted Average Remaining Lease Term	9.4 years			9.4 years
Weighted Average Discount Rate		3.1	%		3.0	%

Future Minimum Operating Lease Payments

Future minimum operating lease payments as of January 26, 2024, are as follows (in millions):

Fiscal Year	Amount
2024 (remainder)	$	12
2025		43
2026		37
2027		33
2028		29
Thereafter		154
Total lease payments		308
Less: Interest		(43	)
Total	$	265