Leases (Tables)

12 Months Ended

Apr. 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):

	Year Ended
	April 26,  2024		April 28,  2023
Operating lease cost	$	53	$	61
Variable lease cost		15		16
Total lease cost	$	68	$	77

Supplemental Cash Flow Information Related to Operating Leases

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

	Year Ended
	April 26,  2024		April 28,  2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	50	$	55
Right-of-use assets obtained in exchange for new operating lease obligations	$	17	$	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):

	April 26,  2024			April 28,  2023
Other non-current assets	$	247		$	281
Total operating lease ROU assets	$	247		$	281
Accrued expenses	$	40		$	47
Other long-term liabilities		220			248
Total operating lease liabilities	$	260		$	295
Weighted Average Remaining Lease Term	9.2 years			9.4 years
Weighted Average Discount Rate		3.1	%		3.0	%

Future Minimum Operating Lease Payments

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

Fiscal Year	Amount
2025	$	45
2026		40
2027		34
2028		29
2029		27
Thereafter		127
Total lease payments		302
Less: Interest		(42	)
Total	$	260