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Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Apr. 25, 2014
Other Comprehensive Income (Loss), before Tax [Abstract]  
Schedule of AOCI
(in millions)
 
Unrealized
Gain (Loss) on Available-for-Sale Securities
 
Cumulative
Translation
Adjustments
 
Net Change in
Retirement
Obligations
 
Unrealized Gain (Loss) on Derivatives
 
Accumulated Other
Comprehensive Loss
Balance as of April 29, 2011
 
$
196

 
$
443

 
$
(607
)
 
$
(256
)
 
$
(224
)
Other comprehensive (loss) income
 
(66
)
 
(137
)
 
(227
)
 
181

 
(249
)
Balance as of April 27, 2012
 
$
130

 
$
306

 
$
(834
)
 
$
(75
)
 
$
(473
)
Other comprehensive (loss) income
 
(33
)
 
(21
)
 
(18
)
 
53

 
(19
)
Correction of classification
 

 
(80
)
 

 
80

 

Balance as of April 26, 2013
 
$
97

 
$
205

 
$
(852
)
 
$
58

 
$
(492
)
Accumulated Other Comprehensive Loss
In the first quarter of fiscal year 2014, the Company prospectively adopted guidance issued by the FASB that requires additional disclosure related to the impact of reclassification adjustments out of AOCI on net income. Changes in AOCI by component are as follows:
(in millions)
Unrealized Gain (Loss) on Available-for-Sale Securities
 
Cumulative Translation Adjustments (a)
 
Net Change in Retirement Obligations
 
Unrealized Gain (Loss) on Derivatives
 
Total Accumulated Other Comprehensive Loss
Balance as of April 26, 2013, net of tax
$
97

 
$
205

 
$
(852
)
 
$
58

 
$
(492
)
 
Other comprehensive (loss) income before reclassifications, before tax
(89
)
 
13

 
60

 
(120
)
 
(136
)
 
Tax benefit (expense)
32

 

 
(37
)
 
44

 
39

Other comprehensive (loss) income before reclassifications, net of tax
(57
)
 
13

 
23

 
(76
)
 
(97
)
 
Reclassifications, before tax
(72
)
 

 
99

 
(42
)
 
(15
)
 
Tax benefit (expense)
26

 

 
(35
)
 
16

 
7

 
Reclassifications, net of tax
(46
)
(b)

 
64

(c)
(26
)
(d)
(8
)
Other comprehensive (loss) income, net of tax
(103
)
 
13

 
87

 
(102
)
 
(105
)
Balance as of April 25, 2014, net of tax
$
(6
)
 
$
218

 
$
(765
)
 
$
(44
)
 
$
(597
)
(a) Taxes are not provided on CTA as substantially all translation adjustments relate to earnings that are intended to be indefinitely reinvested outside the U.S.
(b) Represents net realized gains on sales of available-for-sale securities that were reclassified from AOCI to other expense, net (see Note 5).
(c) Includes net amortization of prior service costs and actuarial losses included in net periodic benefit cost (see Note 14).
(d) Relates to foreign currency cash flow hedges that were reclassified from AOCI to other expense, net or cost of products sold and forward starting interest rate derivative instruments that were reclassified from AOCI to interest expense, net (see Note 9).