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Investments (Tables)
 9 Months Ended
Jan. 24, 2014
Investments [Abstract]  
Information Regarding Short-term and Long-term Investments
Information regarding the Company’s investments at January 24, 2014 is as follows:
(in millions)
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
Available-for-sale securities:
 

 
 

 
 

 
 

Corporate debt securities
$
5,484

 
$
45

 
$
(22
)
 
$
5,507

Auction rate securities
108

 
—

 
(12
)
 
96

Mortgage-backed securities
1,392

 
7

 
(9
)
 
1,390

U.S. government and agency securities
3,572

 
6

 
(38
)
 
3,540

Foreign government and agency securities
44

 
—

 
—

 
44

Certificates of deposit
6

 
—

 
—

 
6

Other asset-backed securities
656

 
1

 
(2
)
 
655

Debt funds
1,229

 
1

 
(61
)
 
1,169

Marketable equity securities
52

 
40

 
(4
)
 
88

Trading securities:
 

 
 

 
 

 
 

Exchange-traded funds
54

 
11

 
—

 
65

Cost method, equity method, and other investments
670

 
—

 
—

 
NA

Total
$
13,267

 
$
111

 
$
(148
)
 
$
12,560

Information regarding the Company’s investments at April 26, 2013 is as follows:
(in millions)
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
Available-for-sale securities:
 

 
 

 
 

 
 

Corporate debt securities
$
4,587

 
$
78

 
$
(4
)
 
$
4,661

Auction rate securities
118

 
—

 
(15
)
 
103

Mortgage-backed securities
1,050

 
8

 
(5
)
 
1,053

U.S. government and agency securities
3,882

 
17

 
(1
)
 
3,898

Foreign government and agency securities
38

 
—

 
—

 
38

Certificates of deposit
6

 
—

 
—

 
6

Other asset-backed securities
539

 
2

 
—

 
541

Marketable equity securities
82

 
75

 
(2
)
 
155

Trading securities:
 

 
 

 
 

 
 

Exchange-traded funds
45

 
5

 
—

 
50

Cost method, equity method, and other investments
549

 
—

 
—

 
NA

Total
$
10,896

 
$
185

 
$
(27
)
 
$
10,505
Information Regarding Available-for-sale and Trading Securities
Information regarding the Company’s condensed consolidated balance sheets presentation at January 24, 2014 and April 26, 2013 is as follows:
 
January 24, 2014
 
April 26, 2013
(in millions)
Investments
 
Other Assets
 
Investments
 
Other Assets
Available-for-sale securities
$
12,298

 
$
197

 
$
10,161

 
$
294

Trading securities
65

 
—

 
50

 
—

Cost method, equity method, and other investments
—

 
670

 
—

 
549

Total
$
12,363

 
$
867

 
$
10,211

 
$
843
Gross Unrealized Losses and Fair Values of Available-for-sale Securities that Have Been in a Continuous Unrealized Loss Position Deemed to be Temporary for Less than 12 Months and for More than 12 months, Aggregated by Investment Category
The following tables show the gross unrealized losses and fair value of the Company’s available-for-sale securities that have been in a continuous unrealized loss position deemed to be temporary, aggregated by investment category as of January 24, 2014 and April 26, 2013:
 
January 24, 2014
 
Less than 12 months
 
More than 12 months
(in millions)
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Corporate debt securities
$
1,578

 
$
(19
)
 
$
48

 
$
(3
)
Auction rate securities
—

 
—

 
96

 
(12
)
Mortgage-backed securities
741

 
(8
)
 
30

 
(1
)
U.S. government and agency securities
1,520

 
(38
)
 
—

 
—

Other asset-backed securities
268

 
(2
)
 
—

 
—

Debt funds
906

 
(61
)
 
—

 
—

Marketable equity securities
12

 
(4
)
 
—

 
—

Total
$
5,025

 
$
(132
)
 
$
174

 
$
(16
)
 
April 26, 2013
 
Less than 12 months
 
More than 12 months
(in millions)
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Corporate debt securities
$
544

 
$
(1
)
 
$
13

 
$
(3
)
Auction rate securities
—

 
—

 
103

 
(15
)
Mortgage-backed securities
195

 
(1
)
 
44

 
(4
)
U.S. government and agency securities
291

 
(1
)
 
—

 
—

Marketable equity securities
14

 
(2
)
 
—

 
—

Total
$
1,044

 
$
(5
)
 
$
160

 
$
(22
)
Activity Related to Short-term and Long-term Investment Portfolio
Activity related to the Company’s investment portfolio is as follows:
 
Three months ended
 
January 24, 2014
 
January 25, 2013
(in millions)
Debt (a)
 
Equity (b)
 
Debt (a)
 
Equity (b)
Proceeds from sales
$
1,280

 
$
35

 
$
2,183

 
$
25

Gross realized gains
—

 
26

 
9

 
16

Gross realized losses
(3
)
 
—

 
(5
)
 
—

Impairment losses recognized
—

 
—

 
—

 
—

 
Nine months ended
 
January 24, 2014
 
January 25, 2013
(in millions)
Debt (a)
 
Equity (b)
 
Debt (a)
 
Equity (b)(c)
Proceeds from sales
$
5,515

 
$
91

 
$
8,073

 
$
90

Gross realized gains
6

 
59

 
51

 
52

Gross realized losses
(9
)
 
—

 
(12
)
 
—

Impairment losses recognized
—

 
—

 
—

 
(10
)
(a) Includes available-for-sale debt securities.
(b) Includes marketable equity securities, cost method, equity method, exchange-traded funds, and other investments.
Credit Loss Portion of Other-than-temporary Impairments on Debt Securities Held by the Company
The total other-than-temporary impairment losses on available-for-sale debt securities for the three and nine months ended January 24, 2014 and January 25, 2013 were not significant.
Schedule of Available-for-sale Securities Contractual Maturities
(in millions)
January 24, 2014
Due in one year or less
$
1,510

Due after one year through five years
6,802

Due after five years through ten years
2,798

Due after ten years
128

Total
$
11,238