Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Apr. 30, 2021

Investments Debt And Equity Securities [Abstract]

Summary of Investments at Cost or Amortized Cost

The following is a summary of our investments at their cost or amortized cost for the years ended April 30, 2021 and April 24, 2020 (in millions):

	April 30, 2021		April 24, 2020
Corporate bonds	$	58	$	155
U.S. Treasury and government debt securities		8		68
Certificates of deposit		61		158
Mutual funds		40		33
Total debt and equity securities	$	167	$	414

Contractual Maturities of Debt Investments

The following table presents the contractual maturities of our debt investments as of April 30, 2021 (in millions):

	Amortized Cost		Fair Value
Due in one year or less	$	102	$	102
Due after one year through five years		20		21
Due after five years through ten years		5		5
	$	127	$	128

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 30, 2021
				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash	$	4,468		$	4,468	$	—
Corporate bonds		59			—		59
U.S. Treasury and government debt securities		8			4		4
Certificates of deposit		61			—		61
Total cash, cash equivalents and short-term investments	$	4,596		$	4,472	$	124
Other items:
Mutual funds (1)	$	8		$	8	$	—
Mutual funds (2)	$	32		$	32	$	—
Foreign currency exchange contracts assets (1)	$	9		$	—	$	9
Foreign currency exchange contracts liabilities (3)	$	(1	)	$	—	$	(1	)

	April 24, 2020
				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash	$	2,500		$	2,500	$	—
Corporate bonds		156			—		156
U.S. Treasury and government debt securities		68			44		24
Certificates of deposit		158			—		158
Total cash, cash equivalents and short-term investments	$	2,882		$	2,544	$	338
Other items:
Mutual funds (1)	$	6		$	6	$	—
Mutual funds (2)	$	27		$	27	$	—
Foreign currency exchange contracts assets (1)	$	4		$	—	$	4
Foreign currency exchange contracts liabilities (3)	$	(2	)	$	—	$	(2	)

⁽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