Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Jul. 29, 2016

Investments Debt And Equity Securities [Abstract]

Summary of Investments

The following is a summary of our investments (in millions):

	July 29, 2016								April 29, 2016
	Cost or						Estimated		Cost or							Estimated
	Amortized		Gross Unrealized				Fair		Amortized		Gross Unrealized					Fair
	Cost		Gains		Losses		Value		Cost		Gains		Losses			Value
Corporate bonds	$	1,251	$	7	$	—	$	1,258	$	1,370	$	5	$	(1	)	$	1,374
U.S. Treasury and government debt    securities		634		2		—		636		878		2		—			880
Foreign government debt securities		32		—		—		32		35		—		—			35
Commercial paper		266		—		—		266		202		—		—			202
Certificates of deposit		108		—		—		108		98		—		—			98
Mutual funds		32		—		—		32		30		—		—			30
Total debt and equity securities	$	2,323	$	9	$	-	$	2,332	$	2,613	$	7	$	(1	)	$	2,619

Contractual Maturities of Debt Investments

The following table presents the contractual maturities of our debt investments as of July 29, 2016 (in millions):

	Amortized Cost		Fair Value
Due in one year or less	$	955	$	956
Due after one year through five years		1,336		1,344
	$	2,291	$	2,300

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis (in millions):

	July 29, 2016
				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash	$	2,121		$	2,121	$	—
Corporate bonds		1,258			—		1,258
U.S. Treasury and government debt securities		636			208		428
Foreign government debt securities		32			—		32
Commercial paper		266			—		266
Certificates of deposit		108			—		108
Total cash, cash equivalents and short-term investments	$	4,421		$	2,329	$	2,092
Other items:
Mutual funds(1)	$	6		$	6	$	—
Mutual funds(2)	$	26		$	26	$	—
Foreign currency exchange contracts assets(1)	$	3		$	—	$	3
Foreign currency exchange contracts liabilities(3)	$	(2	)	$	—	$	(2	)

⁽¹⁾ Reported as other current assets in the condensed consolidated balance sheets

⁽²⁾ Reported as other non-current assets in the condensed consolidated balance sheets

⁽³⁾ Reported as accrued expenses in the condensed consolidated balance sheets