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Financing Arrangements (Tables)
12 Months Ended
Apr. 24, 2015
Debt Disclosure [Abstract]  
Carrying Value of Long-Term Debt

The following table summarizes information related to our long-term debt (in millions, except interest rates):

 

 

 

April 24, 2015

 

 

April 25, 2014

 

 

 

 

 

 

 

Effective

 

 

 

 

 

 

Effective

 

 

 

Amount

 

 

Interest Rate

 

 

Amount

 

 

Interest Rate

 

2.00% Senior Notes Due 2017

 

$

750.0

 

 

 

2.25

%

 

$

750.0

 

 

 

2.25

%

3.375% Senior Notes Due 2021

 

 

500.0

 

 

 

3.54

%

 

 

 

 

N/A

 

3.25% Senior Notes Due 2022

 

 

250.0

 

 

 

3.43

%

 

 

250.0

 

 

 

3.43

%

Total principal amount

 

 

1,500.0

 

 

 

 

 

 

 

1,000.0

 

 

 

 

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unamortized discount

 

 

(5.0

)

 

 

 

 

 

 

(4.5

)

 

 

 

 

Unamortized issuance costs

 

 

(7.5

)

 

 

 

 

 

 

(5.4

)

 

 

 

 

Total long-term debt

 

$

1,487.5

 

 

 

 

 

 

$

990.1

 

 

 

 

 

 

Future Principal Debt Maturities

As of April 24, 2015, our aggregate future principal debt maturities for our Senior Notes are as follows (in millions):

 

Fiscal Year

 

Amount

 

2018

 

$

750.0

 

Thereafter

 

 

750.0

 

Total

 

$

1,500.0

 

 

Amount of Interest Expense Related to Convertible Notes

The interest expense recognized on the Convertible Notes consisted of the following (in millions):

 

 

 

Year Ended

 

 

 

April 25,

2014

 

 

April 26,

2013

 

Contractual coupon interest expense

 

$

2.5

 

 

$

22.0

 

Amortization of debt discount

 

 

7.1

 

 

 

55.5

 

Amortization of debt issuance costs

 

 

0.6

 

 

 

4.8

 

Less capitalized interest

 

 

 

 

 

(1.1

)

Total interest expense related to Convertible Notes

 

$

10.2

 

 

$

81.2

 

 

Amounts Due Under Other Long-Term Financing Arrangements

The following presents the amounts due under other long-term financing arrangements (in millions):

 

 

 

April 24,

2015

 

 

April 25,

2014

 

Other long-term financing arrangements

 

$

15.9

 

 

$

13.1

 

Less:  current portion

 

 

(9.5

)

 

 

(6.6

)

Non-current portion of other long-term financing arrangements

 

$

6.4

 

 

$

6.5