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Investments (Tables)
 12 Months Ended
Apr. 25, 2014
Investments [Abstract]  
Information Regarding Short-term and Long-term Investments
Information regarding the Company’s investments at April 25, 2014 is as follows:
(in millions)
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
Available-for-sale securities:
 

 
 

 
 

 
 

Corporate debt securities
$
5,504

 
$
55

 
$
(17
)
 
$
5,542

Auction rate securities
109

 
—

 
(12
)
 
97

Mortgage-backed securities
1,337

 
7

 
(8
)
 
1,336

U.S. government and agency securities
3,138

 
7

 
(29
)
 
3,116

Foreign government and agency securities
67

 
—

 
—

 
67

Certificates of deposit
54

 
—

 
—

 
54

Other asset-backed securities
540

 
2

 
—

 
542

Debt funds
2,143

 
9

 
(29
)
 
2,123

Marketable equity securities
47

 
15

 
(13
)
 
49

Trading securities:
 

 
 

 
 

 
 

Exchange-traded funds
54

 
13

 
—

 
67

Cost method, equity method, and other investments
666

 
—

 
—

 
NA

Total investments
$
13,659

 
$
108

 
$
(108
)
 
$
12,993

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 investments
$
10,896

 
$
185

 
$
(27
)
 
$
10,505
Information Regarding Available-for-sale and Trading Securities
 
April 25, 2014
 
April 26, 2013
(in millions)
Investments
 
Other Assets
 
Investments
 
Other Assets
Available-for-sale securities
$
12,771

 
$
155

 
$
10,161

 
$
294

Trading securities
67

 
—

 
50

 
—

Cost method, equity method, and other investments
—

 
666

 
—

 
549

Total
$
12,838

 
$
821

 
$
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
 
April 25, 2014
 
Less than 12 Months
 
More than 12 Months
(in millions)
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Corporate debt securities
$
1,601

 
$
(14
)
 
$
50

 
$
(3
)
Auction rate securities
—

 
—

 
97

 
(12
)
Mortgage-backed securities
682

 
(7
)
 
28

 
(1
)
U.S. government and agency securities
1,500

 
(27
)
 
46

 
(2
)
Debt funds
1,224

 
(29
)
 
—

 
—

Marketable equity securities
25

 
(13
)
 
—

 
—

Total
$
5,032

 
$
(90
)
 
$
221

 
$
(18
)
 
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:
 
Fiscal Year
 
2014
 
2013
 
2012
(in millions)
Debt (a)
 
Equity (b)
 
Debt (a)
 
Equity (b)
 
Debt (a)
 
Equity (b) (c)
Proceeds from sales
$
7,991

 
$
120

 
$
10,350

 
$
161

 
$
7,675

 
$
113

Gross realized gains
$
15

 
$
69

 
$
59

 
$
94

 
$
52

 
$
93

Gross realized losses
$
(12
)
 
$
—

 
$
(17
)
 
$
—

 
$
(16
)
 
$
—

Impairment losses recognized
$
(1
)
 
$
(9
)
 
$
—

 
$
(21
)
 
$
(2
)
 
$
(10
)
(a)
Includes available-for-sale debt securities.
(b)
Includes marketable equity securities, cost method, equity method, exchange-traded funds, and other investments.
(c)
As a result of the Salient and PEAK acquisitions that occurred during fiscal year 2012, the Company recognized a non-cash gain of $38 million on its previously-held minority investments.
Schedule of Available-for-sale Securities Contractual Maturities
(in millions)
April 25, 2014
Due in one year or less
$
1,412

Due after one year through five years
6,368

Due after five years through 10 years
2,859

Due after 10 years
115

Total debt securities
$
10,754