Financing Arrangements (Tables)

6 Months Ended

Oct. 30, 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):

		October 30, 2020			April 24, 2020
	Effective Interest Rate	Amount			Amount
3.375% Senior Notes Due June 2021	3.54%	$	—		$	500
3.25% Senior Notes Due December 2022	3.43%		250			250
3.30% Senior Notes Due September 2024	3.42%		400			400
1.875% Senior Notes Due June 2025	2.03%		750			—
2.375% Senior Notes Due June 2027	2.51%		550			—
2.70% Senior Notes Due June 2030	2.81%		700			—
Total principal amount			2,650			1,150
Unamortized discount and issuance costs			(19	)		(4	)
Total long-term debt		$	2,631		$	1,146

Future Principal Debt Maturities

As of October 30, 2020, our aggregate future principal debt maturities are as follows (in millions):

Fiscal Year	Amount
2023	$	250
2025		400
2026		750
Thereafter		1,250
Total	$	2,650