XML 79 R35.htm IDEA: XBRL DOCUMENT
v3.20.1

Financing Arrangements (Tables) | 12 Months Ended
--- | ---
Apr. 24, 2020
Debt Disclosure [Abstract] |
Schedule of Current Debt Obligations | Current debt obligations consisted of the following:
(in millions) | April 24, 2020 |  | April 26, 2019
Bank borrowings | $ | 325 |  |  | $ | 332 |
0.000 percent two-year 2019 senior notes | 1,631 |  |  | — |
Floating rate two-year 2019 senior notes | 815 |  |  | — |
Floating rate five-year 2015 senior notes | — |  |  | 500 |
Finance lease obligations | 5 |  |  | 6 |
Current debt obligations | $ | 2,776 |  |  | $ | 838 |
Schedule of Long-term Debt | Long-term debt consisted of the following:
|  |  | April 24, 2020 |  |  |  | April 26, 2019 |  |
(in millions, except interest rates) | Maturity by Fiscal Year |  | Amount |  | Effective Interest Rate |  | Amount |  | Effective Interest Rate
0.000 percent two-year 2019 senior notes | 2021 |  | $ | — |  |  | — | % |  | $ | 1,681 |  |  | 0.22 | %
Floating rate two-year 2019 senior notes | 2021 |  | — |  |  | — |  |  | 560 |  |  | 0.05 |
4.125 percent ten-year 2011 senior notes | 2021 |  | — |  |  | — |  |  | 500 |  |  | 4.21 |
3.150 percent seven-year 2015 senior notes | 2022 |  | 1,534 |  |  | 3.29 |  |  | 2,500 |  |  | 3.29 |
3.125 percent ten-year 2012 senior notes | 2022 |  | — |  |  | — |  |  | 675 |  |  | 3.21 |
3.200 percent ten-year 2012 CIFSA senior notes | 2023 |  | 650 |  |  | 2.72 |  |  | 650 |  |  | 2.72 |
0.375 percent four-year 2019 senior notes | 2023 |  | 1,631 |  |  | 0.56 |  |  | 1,681 |  |  | 0.56 |
2.750 percent ten-year 2013 senior notes | 2023 |  | 530 |  |  | 3.25 |  |  | 530 |  |  | 3.25 |
0.000 percent four-year 2019 senior notes | 2023 |  | 815 |  |  | 0.09 |  |  | — |  |  | — |
2.950 percent ten-year 2013 CIFSA senior notes | 2024 |  | 310 |  |  | 2.71 |  |  | 310 |  |  | 2.71 |
3.625 percent ten-year 2014 senior notes | 2024 |  | 432 |  |  | 3.61 |  |  | 850 |  |  | 3.61 |
3.500 percent ten-year 2015 senior notes | 2025 |  | 2,700 |  |  | 3.74 |  |  | 4,000 |  |  | 3.74 |
0.250 percent seven-year 2019 senior notes | 2026 |  | 1,087 |  |  | 0.44 |  |  | — |  |  | — |
1.125 percent eight-year 2019 senior notes | 2027 |  | 1,631 |  |  | 1.25 |  |  | 1,681 |  |  | 1.25 |
3.350 percent ten-year 2017 senior notes | 2027 |  | 368 |  |  | 3.53 |  |  | 850 |  |  | 3.53 |
1.625 percent twelve-year 2019 senior notes | 2031 |  | 1,087 |  |  | 1.75 |  |  | 1,121 |  |  | 1.75 |
1.000 percent thirteen-year 2019 senior notes | 2032 |  | 1,087 |  |  | 1.06 |  |  | — |  |  | — |
4.375 percent twenty-year 2015 senior notes | 2035 |  | 1,932 |  |  | 4.47 |  |  | 2,382 |  |  | 4.47 |
6.550 percent thirty-year 2007 CIFSA senior notes | 2038 |  | 253 |  |  | 4.68 |  |  | 284 |  |  | 4.68 |
2.250 percent twenty-year 2019 senior notes | 2039 |  | 1,087 |  |  | 2.34 |  |  | 1,121 |  |  | 2.34 |
6.500 percent thirty-year 2009 senior notes | 2039 |  | 158 |  |  | 6.56 |  |  | 183 |  |  | 6.56 |
5.550 percent thirty-year 2010 senior notes | 2040 |  | 224 |  |  | 5.58 |  |  | 306 |  |  | 5.58 |
1.500 percent twenty-year 2019 senior notes | 2040 |  | 1,087 |  |  | 1.58 |  |  | — |  |  | — |
4.500 percent thirty-year 2012 senior notes | 2042 |  | 105 |  |  | 4.54 |  |  | 129 |  |  | 4.54 |
4.000 percent thirty-year 2013 senior notes | 2043 |  | 305 |  |  | 4.10 |  |  | 325 |  |  | 4.10 |
4.625 percent thirty-year 2014 senior notes | 2044 |  | 127 |  |  | 4.67 |  |  | 177 |  |  | 4.67 |
4.625 percent thirty-year 2015 senior notes | 2045 |  | 1,813 |  |  | 4.67 |  |  | 1,963 |  |  | 4.69 |
1.750 percent thirty-year 2019 senior notes | 2050 |  | 1,087 |  |  | 1.87 |  |  | — |  |  | — |
Bank borrowings | 2021 - 2022 |  | 55 |  |  | 2.11 |  |  | 83 |  |  | 1.94 |
Debt (discount) premium, net | 2021 - 2050 |  | (15) |  |  | — |  |  | 29 |  |  | — |
Finance lease obligations | 2021 - 2035 |  | 45 |  |  | 8.93 |  |  | 10 |  |  | 6.39 |
Interest rate swaps | N/A |  | — |  |  | — |  |  | 9 |  |  | — |
Deferred financing costs | 2021 - 2050 |  | (104) |  |  | — |  |  | (104) |  |  | — |
Long-term debt |  |  | $ | 22,021 |  |  |  |  | $ | 24,486 |  |  |
Schedule of Maturities of Long-term Debt | Contractual maturities of debt for the next five fiscal years and thereafter, excluding deferred financing costs and debt discount, net, are as follows:
(in millions) |
2021 | $ | 2,776 |
2022 | 1,594 |
2023 | 3,630 |
2024 | 746 |
2025 | 2,704 |
Thereafter | 13,466 |
Total debt | 24,916 |
Less: Current debt obligations | 2,776 |
Long-term debt | $ | 22,140 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration