Financing Arrangements (Tables)

9 Months Ended

Jan. 24, 2020

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):

		January 24, 2020			April 26, 2019
	Effective Interest Rate	Amount			Amount
2.00% Senior Notes Due September 2019	2.32%	$	—		$	400
3.375% Senior Notes Due June 2021	3.54%		500			500
3.25% Senior Notes Due December 2022	3.43%		250			250
3.30% Senior Notes Due September 2024	3.42%		400			400
Total principal amount			1,150			1,550
Unamortized discount and issuance costs			(4	)		(6	)
Total senior notes			1,146			1,544
Less: Current portion of long-term debt			—			(400	)
Total long-term debt		$	1,146		$	1,144

Future Principal Debt Maturities

As of January 24, 2020, our aggregate future principal debt maturities are as follows (in millions):

Fiscal Year	Amount
2022	$	500
2023		250
2025		400
Total	$	1,150