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Employee Benefits and Deferred Compensation (Tables)
12 Months Ended
Apr. 28, 2017
Compensation And Retirement Disclosure [Abstract]  
Amount Contributed Under 401(k) Plans

Our employer matching contributions to the 401(k) Plan were as follows (in millions):

 

 

Year Ended

 

 

 

April 28,

2017

 

 

April 29,

2016

 

 

April 24,

2015

 

401(k) matching contributions

 

$

30

 

 

$

35

 

 

$

16

 

 

Deferred Compensation Plans

The related deferred compensation plan assets and liabilities under the non-qualified deferred compensation plan were as follows (in millions):

 

 

April 28,

2017

 

 

April 29,

2016

 

Deferred compensation plan assets

 

$

31

 

 

$

30

 

Deferred compensation liabilities reported as:

 

 

 

 

 

 

 

 

Accrued expenses

 

$

7

 

 

$

5

 

Other long-term liabilities

 

$

24

 

 

$

25

 

 

Summary of Impacts of Prior Service Credit Adjustment to Consolidated Financial Statements Resulting from Plan Amendments

These plan amendments resulted in a prior service credit adjustment, with the following impacts to our consolidated financial statements in fiscal 2017 (in millions):

 

Decrease in other long-term liabilities

 

$

23

 

Decrease in deferred tax assets

 

$

9

 

Other comprehensive income, net of taxes

 

$

14

 

The funded status of our postretirement health care and international termination and postretirement benefits was as follows (in millions):

 

 

 

April 28,

2017

 

 

April 29,

2016

 

Fair value of plan assets

 

$

23

 

 

$

24

 

Benefit obligations

 

 

(50

)

 

 

(76

)

Unfunded obligations

 

$

(27

)

 

$

(52

)

 

Schedule of Amounts Recognized in Balance Sheet

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

 

 

 

April 28,

2017

 

 

April 29,

2016

 

Other long-term liabilities

 

$

27

 

 

$

52

 

AOCI

 

$

 

 

$

(16

)