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Financing Arrangements (Tables)
6 Months Ended
Oct. 28, 2016
Debt Disclosure [Abstract]  
Carrying Value of Long-Term Debt

The following table summarizes information relating to our long-term debt (in millions, except interest rates):

 

 

 

October 28, 2016

 

 

April 29, 2016

 

 

 

 

 

 

 

Effective

 

 

 

 

 

 

Effective

 

 

 

Amount

 

 

Interest Rate

 

 

Amount

 

 

Interest Rate

 

2.00% Senior Notes Due December 2017

 

$

750

 

 

 

2.25

%

 

$

750

 

 

 

2.25

%

3.375% Senior Notes Due June 2021

 

 

500

 

 

 

3.54

%

 

 

500

 

 

 

3.54

%

3.25% Senior Notes Due December 2022

 

 

250

 

 

 

3.43

%

 

 

250

 

 

 

3.43

%

Total principal amount

 

 

1,500

 

 

 

 

 

 

 

1,500

 

 

 

 

 

Unamortized discount and issuance costs

 

 

(8

)

 

 

 

 

 

 

(10

)

 

 

 

 

Total long-term debt

 

$

1,492

 

 

 

 

 

 

$

1,490

 

 

 

 

 

 

Future Principal Debt Maturities

As of October 28, 2016, our aggregate future principal debt maturities are as follows (in millions):

 

Fiscal Year

 

Amount

 

2018

 

$

750

 

Thereafter

 

 

750

 

Total

 

$

1,500