Employee Benefits And Deferred Compensation

12 Months Ended

Apr. 27, 2012

Employee Benefits And Deferred Compensation [Abstract]

Employee Benefits And Deferred Compensation

16. Employee Benefits and Deferred Compensation

Employee 401(k) Plans

We have established a 401(k) tax-deferred savings plan. Employees meeting the eligibility requirements, as defined, may contribute specified percentages of their salaries. We match 100% of the first $1,000 of employee contributions, then 50% for additional contributions, up to a maximum match of $3,000 per employee. The matched contributions vest over 3 years. The amounts we contributed to this plan were as follows (in millions):

	Year Ended
	April 27, 2012		April 29, 2011		April 30, 2010
401(k) contributions	$	20.0	$	15.6	$	9.2

Deferred Compensation Plans

We have a non-qualified deferred compensation plan that allows a group of employees within the United States to contribute base salary and commissions or incentive compensation on a tax deferred basis in excess of the IRS limits imposed on 401(k) plans. The marketable securities related to these investments that are held in a rabbi trust under non-qualified deferred compensation plans and the related deferred compensation liability under this plan were as follows (in millions):

	Year Ended
	April 27, 2012		April 29, 2011
Deferred compensation plan assets	$	25.5	$	20.2
Deferred compensation liabilities reported as:
Other current liabilities		6.3		3.7
Other long-term liabilities		19.2		16.5

Postretirement Health Care Plan

We maintain a plan to provide postretirement health and welfare benefits to certain executives who meet certain age and service requirements. Coverage continues through the duration of the lifetime of the retiree or the retiree's spouse, whichever is longer. There is no funding requirement associated with the plan and none of the benefit obligation was funded as of April 27, 2012. Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plan.

International Defined Benefit Plans

We maintain various defined benefit plans to provide termination and postretirement benefits to certain eligible employees outside of the United States. We also have disability benefits to certain eligible employees in the United States. Eligibility is determined based on the terms of our plans and local statutory requirements. Assumed discount rates and expected long-term returns on plan assets have significant effects on the amounts reported for the defined benefit plans.

Funded Status

The funded status of our postretirement health care and international defined benefit plans was as follows (in millions):

	April 27, 2012			April 29, 2011
Fair value of plan assets	$	16.1		$	2.2
Benefit obligations		(38.3	)		(14.6	)
Unfunded obligations	$	(22.2	)	$	(12.4	)

Amounts recognized in the consolidated balance sheets were as follows (in millions):

	April 27, 2012			April 29, 2011
Other long-term liabilities	$	22.2		$	12.4
Accumulated other comprehensive income	$	(4.4	)	$	0.0