Interest Expense, Net

6 Months Ended

Oct. 28, 2011

Interest Expense Net [Abstract]

Interest Expense, Net

Note 13 – Interest Expense, Net

Interest income and interest expense for the three and six months endedOctober 28, 2011 and October 29, 2010 are as follows:

	Three months ended				Six months ended
(in millions)	October 28, 2011		October 29, 2010		October 28, 2011		October 29, 2010
Interest income	$	(47)	$	(46)	$	(92)	$	(79)
Interest expense		85		113		162		220
Interest expense, net	$	38	$	67	$	70	$	141

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.