Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Jan. 24, 2020

Investments Debt And Equity Securities [Abstract]

Summary of Investments

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

	January 24, 2020								April 26, 2019
	Cost or						Estimated		Cost or							Estimated
	Amortized		Gross Unrealized				Fair		Amortized		Gross Unrealized					Fair
	Cost		Gains		Losses		Value		Cost		Gains		Losses			Value
Corporate bonds	$	219	$	1	$	—	$	220	$	1,359	$	2	$	(8	)	$	1,353
U.S. Treasury and government debt    securities		83		—		—		83		214		—		(1	)		213
Certificates of deposit		159		—		—		159		117		—		—			117
Mutual funds		38		—		—		38		35		—		—			35
Total debt and equity securities	$	499	$	1	$	—	$	500	$	1,725	$	2	$	(9	)	$	1,718

Contractual Maturities of Debt Investments

The following table presents the contractual maturities of our debt investments as of January 24, 2020 (in millions):

	Amortized Cost		Fair Value
Due in one year or less	$	368	$	368
Due after one year through five years		88		89
Due after five years through ten years		5		5
	$	461	$	462

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):

	January 24, 2020
			Fair Value Measurements at Reporting Date Using
	Total		Level 1		Level 2
Cash	$	2,546	$	2,546	$	—
Corporate bonds	$	220		—		220
U.S. Treasury and government debt securities	$	83		56		27
Certificates of deposit	$	159		—		159
Total cash, cash equivalents and short-term investments	$	3,008	$	2,602	$	406
Other items:
Mutual funds (1)	$	8	$	8	$	—
Mutual funds (2)	$	30	$	30	$	—
Foreign currency exchange contracts assets (1)	$	3	$	—	$	3

⁽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