Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Apr. 26, 2019

Investments Debt And Equity Securities [Abstract]

Summary of Investments

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

	April 26, 2019									April 27, 2018
	Cost or							Estimated		Cost or							Estimated
	Amortized		Gross Unrealized					Fair		Amortized		Gross Unrealized					Fair
	Cost		Gains		Losses			Value		Cost		Gains		Losses			Value
Corporate bonds	$	1,359	$	2	$	(8	)	$	1,353	$	1,865	$	1	$	(39	)	$	1,827
U.S. Treasury and government debt    securities		214		—		(1	)		213		497		—		(5	)		492
Commercial paper		—		—		—			—		230		—		—			230
Certificates of deposit		117		—		—			117		115		—		—			115
Mutual funds		35		—		—			35		31		—		—			31
Total debt and equity securities	$	1,725	$	2	$	(9	)	$	1,718	$	2,738	$	1	$	(44	)	$	2,695

Contractual Maturities of Debt Investments

The following table presents the contractual maturities of our debt investments as of April 26, 2019 (in millions):

	Amortized Cost		Fair Value
Due in one year or less	$	591	$	589
Due after one year through five years		644		642
Due after five years through ten years		455		452
	$	1,690	$	1,683

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):

	April 26, 2019
				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash	$	2,216		$	2,216	$	—
Corporate bonds		1,353			—		1,353
U.S. Treasury and government debt securities		213			131		82
Certificates of deposit		117			—		117
Total cash, cash equivalents and short-term investments	$	3,899		$	2,347	$	1,552
Other items:
Mutual funds(1)	$	6		$	6	$	—
Mutual funds(2)	$	29		$	29	$	—
Foreign currency exchange contracts assets(1)	$	4		$	—	$	4
Foreign currency exchange contracts liabilities(3)	$	(1	)	$	—	$	(1	)

	April 27, 2018
				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash	$	2,727		$	2,727	$	—
Corporate bonds		1,827			—		1,827
U.S. Treasury and government debt securities		492			253		239
Commercial paper		230			—		230
Certificates of deposit		115			—		115
Total cash, cash equivalents and short-term investments	$	5,391		$	2,980	$	2,411
Other items:
Mutual funds(1)	$	6		$	6	$	—
Mutual funds(2)	$	25		$	25	$	—
Foreign currency exchange contracts assets(1)	$	9		$	—	$	9
Foreign currency exchange contracts liabilities(3)	$	(1	)	$	—	$	(1	)

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

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

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