Interest Expense, net

3 Months Ended

Jul. 29, 2011

Interest Expense Income Net Text Block [Abstract]

Interest Expense, Net [Text Block]

Note 13 – Interest Expense, Net

Interest income and interest expense for the three months endedJuly 29, 2011 and July 30, 2010 are as follows:

	Three months ended
(in millions)	July 29, 2011		July 30, 2010
Interest income	$	(45)	$	(33)
Interest expense		77		107
Interest expense, net	$	32	$	74

Interest income includes interest earned on the Company's cash and cash equivalents, short- and long-term investments, the net realized and unrealized gain or loss on trading securities,changes in the fair value of interest rate derivative instruments, and the net realized gain or loss on the sale or impairment of available-for-sale debt securities. See Note 6 for further discussion of these items.

Interest expense includes the expense associated with the interest that the Company pays on its outstanding borrowings, including short- and long-term instruments,change in the fair value of interest rate derivative instruments, and the amortization of debt issuance costs and debt discounts.