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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Apr. 29, 2016
Apr. 24, 2015
Apr. 25, 2014
Cash flows from operating activities:      
Net income $ 229 $ 560 $ 638
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 279 307 334
Stock-based compensation 260 259 273
Deferred income taxes (113) (3) (76)
Excess tax benefit from stock-based compensation (5) (55) (52)
Gain on sale of properties (51) 0 0
Other non-cash items, net 75 35 27
Changes in assets and liabilities, net of acquisitions of businesses:      
Accounts receivable (16) 75 (57)
Inventories 49 (24) 17
Other operating assets 109 13 75
Accounts payable (53) 39 (12)
Accrued expenses 30 (67) 32
Deferred revenue and financed unearned services revenue 186 122 107
Other operating liabilities (5) 7 44
Net cash provided by operating activities 974 1,268 1,350
Cash flows from investing activities:      
Purchases of investments (1,589) (2,597) (1,019)
Maturities, sales and collections of investments 2,571 1,952 1,993
Purchases of property and equipment (160) (175) (221)
Proceeds from sale of properties 102 0 0
Acquisitions of businesses, net of cash acquired (842) (85) 0
Other investing activities, net 3 2 7
Net cash provided by (used in) investing activities 85 (903) 760
Cash flows from financing activities:      
Issuance of common stock under employee stock award plans 70 157 201
Repurchase of common stock and forward contract (960) (1,165) (1,881)
Excess tax benefit from stock-based compensation 5 55 52
Proceeds from sale-leaseback financing transactions 148 0 0
Proceeds from short-term loan 870 0 0
Issuance of long-term debt, net 0 495 0
Repayment of short-term loan (20) 0 0
Repayment of long-term debt 0 0 (1,265)
Dividends paid (210) (208) (202)
Other financing activities, net (12) (9) (9)
Net cash used in financing activities (109) (675) (3,104)
Effect of exchange rate changes on cash and cash equivalents (4) (59) 8
Net increase (decrease) in cash and cash equivalents 946 (369) (986)
Cash and cash equivalents:      
Beginning of period 1,922 2,291 3,277
End of period $ 2,868 $ 1,922 $ 2,291