Derivatives and Hedging Activities (Tables)

3 Months Ended

Jul. 30, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Notional Value of Outstanding Foreign Currency Exchange Forward Contracts

The notional amount of our outstanding U.S. dollar equivalent foreign currency exchange forward contracts consisted of the following (in millions):

	July 30, 2021		July 31, 2020
Cash Flow Hedges
Forward contracts sold	$	10	$	—
Forward contracts purchased	$	144	$	123
Balance Sheet Contracts
Forward contracts sold	$	632	$	339
Forward contracts purchased	$	82	$	94

Schedule of Derivative Instruments Not Designated as Hedging Instruments

The effect of derivative instruments not designated as hedging instruments recognized in other income (expense), net on our condensed consolidated statements of income was as follows (in millions):

	Three Months Ended
	July 30, 2021		July 31, 2020
Foreign currency exchange contracts	$	9	$	24