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Financing Arrangements (Tables)
12 Months Ended
Apr. 26, 2019
Debt Disclosure [Abstract]  
Carrying Value of Long-Term Debt

The following table summarizes information relating to our long-term debt, which we collectively refer to as our Senior Notes (in millions, except interest rates):

 

 

 

April 26, 2019

 

 

April 27, 2018

 

 

 

 

 

 

 

Effective

 

 

 

 

 

 

Effective

 

 

 

Amount

 

 

Interest Rate

 

 

Amount

 

 

Interest Rate

 

2.00% Senior Notes Due September 2019

 

$

400

 

 

 

2.32

%

 

$

400

 

 

 

2.32

%

3.375% Senior Notes Due June 2021

 

 

500

 

 

 

3.54

%

 

 

500

 

 

 

3.54

%

3.25% Senior Notes Due December 2022

 

 

250

 

 

 

3.43

%

 

 

250

 

 

 

3.43

%

3.30% Senior Notes Due September 2024

 

 

400

 

 

 

3.42

%

 

 

400

 

 

 

3.42

%

Total principal amount

 

 

1,550

 

 

 

 

 

 

 

1,550

 

 

 

 

 

Unamortized discount and issuance costs

 

 

(6

)

 

 

 

 

 

 

(9

)

 

 

 

 

Total senior notes

 

 

1,544

 

 

 

 

 

 

 

1,541

 

 

 

 

 

Less:  Current portion of long-term debt

 

 

(400

)

 

 

 

 

 

 

 

 

 

 

 

Total long-term debt

 

$

1,144

 

 

 

 

 

 

$

1,541

 

 

 

 

 

Future Principal Debt Maturities

As of April 26, 2019, our aggregate future principal debt maturities are as follows (in millions):

 

Fiscal Year

 

Amount

 

2020

 

$

400

 

2022

 

 

500

 

2023

 

 

250

 

2025

 

 

400

 

Total

 

$

1,550