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Employees' Stock Incentive Plans and Management Incentive Plans (Tables)
12 Months Ended
Apr. 28, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
A summary of the Company’s 2003 Plan at April 28, 2013 is as follows:
 
2003 Plan
 
(In thousands)
Number of shares authorized
18,869

Number of stock option shares granted
(11,533
)
Number of stock option shares cancelled/forfeited and returned to the plan
1,113

Number of restricted stock units and restricted stock issued
(5,063
)
Shares available for grant as stock options
3,386

Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions
The weighted average assumptions used to estimate these fair values are as follows:
 
Fiscal Year Ended
 
April 28,
2013
 
April 29,
2012
 
April 27,
2011
Dividend yield
3.7
%
 
3.7
%
 
3.9
%
Expected volatility
19.4
%
 
20.9
%
 
20.5
%
Expected term (years)
7.0

 
5.0

 
5.5

Risk-free interest rate
1.0
%
 
1.0
%
 
1.7
%
Stock option activity and related information
A summary of the Company’s stock option activity and related information is as follows:
 
Number of
Options
 
Weighted
Average
Exercise Price
(per share)
 
Aggregate
Intrinsic Value
 
(In thousands, except per share data)
Options outstanding at April 28, 2010
12,921

 
$
39.36

 
$
508,611

Options granted
1,733

 
46.42

 
80,460

Options exercised
(4,813
)
 
35.73

 
(171,980
)
Options cancelled/forfeited and returned to the plan
(73
)
 
42.81

 
(3,147
)
Options outstanding at April 27, 2011
9,768

 
42.38

 
413,944

Options granted
1,649

 
52.19

 
86,068

Options exercised
(2,798
)
 
37.99

 
(106,287
)
Options cancelled/forfeited and returned to the plan
(11
)
 
38.38

 
(435
)
Options outstanding at April 29, 2012
8,608

 
45.69

 
393,290

Options granted
1,540

 
55.72

 
85,828

Options exercised
(3,504
)
 
42.35

 
(148,376
)
Options cancelled/forfeited and returned to the plan
(110
)
 
50.67

 
(5,616
)
Options outstanding at April 28, 2013
6,534

 
$
49.76

 
$
325,126

Options vested and exercisable at April 27, 2011
5,744

 
$
40.65

 
$
233,507

Options vested and exercisable at April 29, 2012
4,418

 
$
43.90

 
$
193,942

Options vested and exercisable at April 28, 2013
2,573

 
$
48.01

 
$
123,502

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following summarizes information about shares under option in the respective exercise price ranges at April 28, 2013:
 
 
Options Outstanding
 
Options Exercisable
 
 
 
 
Weighted-
Average
Remaining
 
Weighted-
Average
Remaining
 
 
 
Weighted-
Average
Remaining
 
Weighted-
Average
Range of Exercise
 
Number
 
Life
 
Exercise Price
 
Number
 
Life
 
Exercise Price
Price Per Share
 
Outstanding
 
(Years)
 
Per Share
 
Exercisable
 
(Years)
 
Per Share
 
 
(Options in thousands)
$31.95-$34.00
 
64

 
0.50
 
$
33.86

 
64

 
0.50
 
$
33.86

$34.01-$42.42
 
716

 
3.15
 
38.98

 
290

 
2.96
 
38.85

$42.43-$55.72
 
5,754

 
5.45
 
51.28

 
2,219

 
3.40
 
49.61

 
 
6,534

 
5.15
 
$
49.76

 
2,573

 
3.28
 
$
48.01

Unvested Stock Options
A summary of the status of the Company’s unvested stock options is as follows:
 
Number of
Options
 
Weighted
Average
Grant Date
Fair Value
(per share)
 
(In thousands, except per share data)
Unvested options at April 29, 2012
4,190

 
$
5.43

Options granted
1,540

 
5.79

Options vested
(1,662
)
 
5.39

Options forfeited
(107
)
 
$
5.61

Unvested options at April 28, 2013
3,961

 
$
5.59

Restricted Stock Awards
A summary of the Company’s RSU and restricted stock awards at April 28, 2013 is as follows:
 
2003 Plan
 
(In thousands)
Number of shares authorized
9,440

Number of shares reserved for issuance
(6,842
)
Number of shares returned to the plan
1,779

Shares available for grant
4,377

Activity Of Unvested Restricted Stock Unit And Restricted Stock Awards
A summary of the activity of unvested RSU and restricted stock awards and related information is as follows:
 
Number of Units
 
Weighted
Average
Grant Date
Fair Value
(Per Share)
 
(In thousands,
except per share data)
Unvested units and stock at April 28, 2010
1,496

 
$
44.13

Units and stock granted
574

 
46.74

Units and stock vested
(725
)
 
44.96

Units and stock cancelled/forfeited and returned to the plan
(49
)
 
43.47

Unvested units and stock at April 27, 2011
1,296

 
44.84

Units and stock granted
526

 
52.31

Units and stock vested
(520
)
 
45.27

Units and stock cancelled/forfeited and returned to the plan
(32
)
 
45.90

Unvested units and stock at April 29, 2012
1,270

 
47.75

Units and stock granted
464

 
55.88

Units and stock vested
(567
)
 
47.33

Units and stock cancelled/forfeited and returned to the plan
(53
)
 
50.01

Unvested units and stock at April 28, 2013
1,114

 
$
51.24

Long-term Performance Program [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Compensation cost recognized in SG&A
. The compensation cost related to LTPP awards primarily recognized in SG&A and the related tax benefit are as follows:
 
Fiscal Year Ended
 
April 28, 2013
 
April 29, 2012
 
April 27, 2011
 
(In millions)
Pre-tax compensation cost
$
17.3

 
$
18.4

 
$
21.5

Tax benefit
6.1

 
6.5

 
7.4

After-tax compensation cost
$
11.2

 
$
11.9

 
$
14.1

Stock Option and Restricted Stock Plans [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Compensation cost recognized in SG&A
The compensation cost related to these plans primarily recognized in SG&A and the related tax benefit are as follows:
 
Fiscal Year Ended
 
April 28, 2013
 
April 29, 2012
 
April 27, 2011
 
(In millions)
Pre-tax compensation cost
$
33.7

 
$
36.5

 
$
32.7

Tax benefit
10.8

 
12.0

 
10.4

After-tax compensation cost
$
22.9

 
$
24.5

 
$
22.3