Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Jul. 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 periods ended July 30, 2021 and April 30, 2021 (in millions):

	July 30, 2021		April 30, 2021
Corporate bonds	$	46	$	58
U.S. Treasury and government debt securities		7		8
Certificates of deposit		55		61
Mutual funds		42		40
Total debt and equity securities	$	150	$	167

Contractual Maturities of Debt Investments

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

	Amortized Cost		Fair Value
Due in one year or less	$	96	$	97
Due after one year through five years		12		13
	$	108	$	110

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):

	July 30. 2021
				Fair Value Measurements at Reporting Date Using
	Total			Level 1		Level 2
Cash	$	4,437		$	4,437	$	—
Corporate bonds		47			—		47
U.S. Treasury and government debt securities		8			4		4
Certificates of deposit		55			—		55
Total cash, cash equivalents and short-term investments	$	4,547		$	4,441	$	106
Other items:
Mutual funds (1)	$	7		$	7	$	—
Mutual funds (2)	$	35		$	35	$	—
Foreign currency exchange contracts assets (1)	$	1		$	—	$	1
Foreign currency exchange contracts liabilities (3)	$	(4	)	$	—	$	(4	)

	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	)

⁽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  

⁽³⁾ Reported as accrued expenses in the condensed consolidated balance sheets