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Derivatives and Hedging Activities (Tables)
3 Months Ended
Jul. 28, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Notional Value of Outstanding Foreign Currency Exchange Forward Contracts

The notional amount of our outstanding U.S. dollar equivalent foreign currency exchange forward contracts consisted of the following (in millions):

 

 

 

July 28,

2017

 

 

April 28,

2017

 

Balance Sheet Contracts

 

 

 

 

 

 

 

 

Forward contracts sold

 

$

102

 

 

$

165

 

Forward contracts purchased

 

$

293

 

 

$

257

 

 

Schedule of Derivative Instruments Not Designated as Hedging Instruments

The effect of derivative instruments not designated as hedging instruments recognized in other income (expense), net on our condensed consolidated statements of operations was as follows (in millions):

 

 

 

Three Months Ended

 

 

 

July 28,

2017

 

 

July 29,

2016

 

 

 

Gain (Loss) Recognized into Income

 

Foreign currency exchange contracts

 

$

(2

)

 

$

4