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Derivatives and Foreign Exchange Risk Management (Tables)
12 Months Ended
Apr. 26, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss) in Statement of Financial Performance
(in millions)
 
 
 
Fiscal Year
Derivatives Not Designated as Hedging Instruments
 
Location
 
2013
 
2012
 
2011
Foreign currency exchange rate contracts
 
Other expense, net
 
$
26

 
$
53

 
$
(107
)
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Other Comprehensive Income, Location
April 26, 2013
 
 

 
 
 
 

 
 
Gross Gains (Losses) Recognized in OCI
on Effective Portion of Derivative
 
Effective Portion of Gains (Losses) on Derivative Reclassified from
Accumulated Other Comprehensive Loss into Income
(in millions)
 
 
Derivatives in Cash Flow Hedging Relationships
 
Amount
 
Location
 
Amount
Foreign currency exchange
rate contracts
 
$
121

 
Other expense, net
 
$
103

 
 
 

 
Cost of products sold
 
(2
)
Total
 
$
121

 
 
 
$
101

April 27, 2012
 
 

 
 
 
 

 
 
Gross Gains (Losses) Recognized in OCI
on Effective Portion of Derivative
 
Effective Portion of Gains (Losses) on Derivative Reclassified from
Accumulated Other Comprehensive Loss into Income
(in millions)
 
 
Derivatives in Cash Flow Hedging Relationships
 
Amount
 
Location
 
Amount
Foreign currency exchange
rate contracts
 
$
332

 
Other expense, net
 
$
(141
)
 
 
 

 
Cost of products sold
 
14

Total
 
$
332

 
 
 
$
(127
)

April 29, 2011
 
 

 
 
 
 

 
 
Gross Gains (Losses) Recognized in OCI
on Effective Portion of Derivative
 
Effective Portion of Gains (Losses) on Derivative Reclassified from
Accumulated Other Comprehensive Loss into Income
(in millions)
 
 
Derivatives in Cash Flow Hedging Relationships
 
Amount
 
Location
 
Amount
Foreign currency exchange
rate contracts
 
$
(530
)
 
Other expense, net
 
$
50

 
 
 
 
Cost of products sold
 
31

Total
 
$
(530
)
 
 
 
$
81

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
April 26, 2013
 
 
 
 
 
 
 
 
Asset Derivatives
 
Liability Derivatives
(in millions)
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Derivatives designated as hedging instruments
 
 
 

 
 
 
 

Foreign currency exchange rate contracts
Prepaid expenses and other current assets
 
$
150

 
Other accrued expenses
 
$
34

Interest rate contracts
Other assets
 
181

 
Other long-term liabilities
 
18

Foreign currency exchange rate contracts
Other assets
 
63

 
Other long-term liabilities
 
5

Total derivatives designated as hedging instruments
 
 
$
394

 
 
 
$
57

Derivatives not designated as hedging instruments
 
 
 

 
 
 
 

Foreign currency exchange rate contracts
Prepaid expenses and other current assets
 
$

 
Other accrued expenses
 
$
1

Total derivatives not designated as hedging instruments
 
 
$

 
 
 
$
1

Total derivatives
 
 
$
394

 
 
 
$
58

 
 
 
 
 
 
 
 
April 27, 2012
 
 
 

 
 
 
 

 
Asset Derivatives
 
Liability Derivatives
(in millions)
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Derivatives designated as hedging instruments
 
 
 

 
 
 
 

Foreign currency exchange rate contracts
Prepaid expenses and other current assets
 
$
74

 
Other accrued expenses
 
$
33

Interest rate contracts
Other assets
 
167

 
Other long-term liabilities
 
45

Foreign currency exchange rate contracts
Other assets
 
13

 
Other long-term liabilities
 
2

Total derivatives designated as hedging instruments
 
 
$
254

 
 
 
$
80

Derivatives not designated as hedging instruments
 
 
 

 
 
 
 

Foreign currency exchange rate contracts
Prepaid expenses and other current assets
 
$

 
Other accrued expenses
 
$
2

Total derivatives not designated as hedging instruments
 
 
$

 
 
 
$
2

Total derivatives
 
 
$
254

 
 
 
$
82