Shareholders' Equity

12 Months Ended

Apr. 26, 2013

Stockholders' Equity Note [Abstract]

Stockholders Equity

Shareholders’ Equity

Repurchase of Common Stock Shares are repurchased from time to time to support the Company’s stock-based compensation programs and to return capital to shareholders. In June 2011, the Company’s Board of Directors authorized the repurchase of 75 million shares of the Company’s common stock. During fiscal years 2013 and 2012, the Company repurchased approximately 31.2 million and 37.3 million shares at an average price of $39.97 and $38.64, respectively. As of April 26, 2013, the Company had used 47.8 million of the 75 million shares authorized under the June 2011 repurchase program, leaving 27.2 million shares available for future repurchases. In June 2013, the Company's Board of Directors authorized the repurchase of an additional 80 million shares of the Company's common stock. The Company accounts for repurchases of common stock using the par value method and shares repurchased are canceled.