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Leases (Tables)

3 Months Ended

Jul. 30, 2021

Components of Lease Cost Related to Operating Leases

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

	Three Months Ended
	July 30, 2021		July 31, 2020
Operating lease cost	$	15	$	14
Variable lease cost		4		3
Total lease cost	$	19	$	17

Supplemental Cash Flow Information Related to Operating Leases

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

	Three Months Ended
	July 30, 2021		July 31, 2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	13	$	14
Right-of-use assets obtained in exchange for new operating lease obligations	$	159	$	10

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):

	July 30, 2021			April 30, 2021
Other non-current assets	$	259		$	114
Total operating lease ROU assets	$	259		$	114

Accrued expenses	$	53		$	49
Other long-term liabilities		211			71
Total operating lease liabilities	$	264		$	120

Weighted Average Remaining Lease Term	8.0 years			3.4 years

Weighted Average Discount Rate		2.8	%		2.9	%

Future Minimum Operating Lease Payments

Future minimum operating lease payments as of July 30, 2021, which exclude the undiscounted payments for the build-to-suit lease located in Wichita, Kansas, expected to commence in the third quarter of fiscal year 2022, are as follows (in millions):

Fiscal Year	Operating Leases
2022 (remainder)	$	46
2023		46
2024		36
2025		27
2026		24
Thereafter		116
Total lease payments		295
Less: Interest		(31	)
Total	$	264