Interest Expense, Net

3 Months Ended

Jul. 26, 2013

Interest Expense Net [Abstract]

Interest Expense, Net

Interest Expense, Net

Interest income and interest expense for the three months ended July 26, 2013 and July 27, 2012 are as follows:

	Three months ended
(in millions)	July 26, 2013			July 27, 2012
Interest income	$	(50	)	$	(56	)
Interest expense	90			89
Interest expense, net	$	40		$	33

Interest income includes interest earned on the Company’s cash, cash equivalents, and investments, the net realized and unrealized gain or loss on trading securities, ineffectiveness gains on interest rate derivative instruments, and the net realized gain or loss on the sale or impairment of available-for-sale debt securities.

Interest expense includes the expense associated with the interest on the Company’s outstanding borrowings, including short- and long-term instruments, ineffectiveness losses on interest rate derivative instruments, and the amortization of debt issuance costs and debt discounts.