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Leases (Tables)

12 Months Ended

Apr. 24, 2020

Components of Lease Cost Related to Operating Leases

The components of lease cost related to our operating leases were as follows (in millions):

	Year Ended
	April 24, 2020
Operating lease cost	$	55
Variable lease cost		16
Total lease cost	$	71

Supplemental Cash Flow Information Related to Operating Leases

The supplemental cash flow information related to our operating leases is as follows (in millions):

	Year Ended
	April 24, 2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	56
Right-of-use assets obtained in exchange for new operating lease obligations	$	41

Supplemental Balance Sheet Information Related to Operating Leases

The supplemental balance sheet information related to our operating leases is as follows (in millions, except lease term and discount rate):

	April 24, 2020
Other non-current assets	$	137
Total operating lease ROU assets	$	137

Accrued expenses	$	51
Other long-term liabilities		93
Total operating lease liabilities	$	144

Weighted Average Remaining Lease Term	3.9 years

Weighted Average Discount Rate		2.7	%

Future Minimum Operating Lease Payments

Future minimum operating lease payments as of April 24, 2020 are as follows (in millions):

	Operating Leases
Fiscal 2021	$	53
Fiscal 2022		40
Fiscal 2023		23
Fiscal 2024		15
Fiscal 2025		9
Thereafter		11
Total lease payments	$	151
Less: Interest		(7	)
Total	$	144

Schedule of Future Minimum Operating Lease Payments

Prior to our adoption of the new lease standard, future minimum operating lease payments as of April 26, 2019, which were undiscounted and excluded non-lease components, were as follows (in millions):

	Operating Leases
Fiscal 2020	$	47
Fiscal 2021		38
Fiscal 2022		26
Fiscal 2023		14
Fiscal 2024		10
Thereafter		16
Total lease payments	$	151