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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Apr. 28, 2017
Apr. 29, 2016
Apr. 24, 2015
Cash flows from operating activities:      
Net income $ 509 $ 229 $ 560
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 226 279 307
Stock-based compensation 195 260 259
Deferred income taxes 90 (113) (3)
Excess tax benefit from stock-based compensation 0 (5) (55)
Gain on sale of properties (10) (51) 0
Other items, net (6) 75 35
Changes in assets and liabilities, net of acquisitions of businesses:      
Accounts receivable 81 (16) 75
Inventories (65) 49 (24)
Other operating assets 1 109 13
Accounts payable 94 (53) 39
Accrued expenses (86) 30 (67)
Deferred revenue and financed unearned services revenue (37) 186 122
Other operating liabilities (6) (5) 7
Net cash provided by operating activities 986 974 1,268
Cash flows from investing activities:      
Purchases of investments (1,977) (1,589) (2,597)
Maturities, sales and collections of investments 1,934 2,571 1,952
Purchases of property and equipment (175) (160) (175)
Proceeds from sale of properties 0 102 0
Acquisitions of businesses, net of cash acquired (8) (842) (85)
Other investing activities, net 6 3 2
Net cash provided by (used in) investing activities (220) 85 (903)
Cash flows from financing activities:      
Proceeds from issuance of common stock under employee stock award plans, net of tax withholdings 92 70 157
Repurchase of common stock (705) (960) (1,165)
Proceeds from issuance of commercial paper notes, net 499 0 0
Excess tax benefit from stock-based compensation 0 5 55
Proceeds from sale-leaseback financing transactions 0 148 0
Proceeds from short-term loan 0 870 0
Issuance of long-term debt, net 0 0 495
Repayment of short-term loan (850) (20) 0
Dividends paid (208) (210) (208)
Other financing activities, net (7) (12) (9)
Net cash used in financing activities (1,179) (109) (675)
Effect of exchange rate changes on cash and cash equivalents (11) (4) (59)
Net increase (decrease) in cash and cash equivalents (424) 946 (369)
Cash and cash equivalents:      
Beginning of period 2,868 1,922 2,291
End of period $ 2,444 $ 2,868 $ 1,922