Derivatives and Foreign Exchange Risk Management (Tables)

3 Months Ended

Jul. 27, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss) in Statement of Financial Performance

(in millions)		Three months ended
Derivatives Not Designated as Hedging Instruments	Location	July 27, 2012		July 29, 2011
Foreign currency exchange rate contracts	Other expense, net	$	47	$	(17)

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Other Comprehensive Income, Location

Three months ended
July 27, 2012
(in millions)	Gross Gains/(Losses) Recognized in OCI on Effective Portion of Derivative		Effective Portion of Gains/(Losses) on Derivative Reclassified from Accumulated Other Comprehensive Loss into Income
Derivatives in Cash Flow Hedging Relationships		Amount	Location		Amount
Foreign currency exchange rate contracts	$	109	Other expense, net	$	23
			Cost of products sold		(2)
Total	$	109		$	21
Three months ended
July 29, 2011
(in millions)	Gross Gains/(Losses) Recognized in OCI on Effective Portion of Derivative		Effective Portion of Gains/(Losses) on Derivative Reclassified from Accumulated Other Comprehensive Loss into Income
Derivatives in Cash Flow Hedging Relationships		Amount	Location		Amount
Foreign currency exchange rate contracts	$	20	Other expense, net	$	(54)
			Cost of products sold		8
Total	$	20		$	(46)

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

July 27, 2012
	Asset Derivatives			Liability Derivatives
(in millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Foreign currency exchange rate contracts	Prepaid expenses and other current assets	$	171	Other accrued expenses	$	37
Interest rate contracts	Other assets		210	Other long-term liabilities		94
Foreign currency exchange rate contracts	Other assets		26	Other long-term liabilities		11
Total derivatives designated as hedging instruments		$	407		$	142
Derivatives not designated as hedging instruments
Foreign currency exchange rate contracts	Prepaid expenses and other current assets	$	1	Other accrued expenses	$	1
Total derivatives not designated as hedging instruments		$	1		$	1
Total derivatives		$	408		$	143
April 27, 2012
	Asset Derivatives			Liability Derivatives
(in millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Foreign currency exchange rate contracts	Prepaid expenses and other current assets	$	74	Other accrued expenses	$	33
Interest rate contracts	Other assets		167	Other long-term liabilities		45
Foreign currency exchange rate contracts	Other assets		13	Other long-term liabilities		2
Total derivatives designated as hedging instruments		$	254		$	80
Derivatives not designated as hedging instruments
Foreign currency exchange rate contracts	Prepaid expenses and other current assets	$	-	Other accrued expenses	$	2
Total derivatives not designated as hedging instruments		$	-		$	2
Total derivatives		$	254		$	82