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Financing Arrangements (Tables) | 12 Months Ended
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Apr. 29, 2022
Debt Disclosure [Abstract] |
Carrying Value of Long-Term Debt | The following table summarizes information relating to our long-term debt, which we collectively refer to as our Senior Notes (in millions, except interest rates):
|  | Effective Interest Rate |  | April 29, 2022 |  |  | April 30, 2021 |  |
3.25% Senior Notes Due December 2022 |  | 3.43% |  | $ | 250 |  |  | $ | 250 |  |
3.30% Senior Notes Due September 2024 |  | 3.42% |  |  | 400 |  |  |  | 400 |  |
1.875% Senior Notes Due June 2025 |  | 2.03% |  |  | 750 |  |  |  | 750 |  |
2.375% Senior Notes Due June 2027 |  | 2.51% |  |  | 550 |  |  |  | 550 |  |
2.70% Senior Notes Due June 2030 |  | 2.81% |  |  | 700 |  |  |  | 700 |  |
Total principal amount |  |  |  |  | 2,650 |  |  |  | 2,650 |  |
Unamortized discount and issuance costs |  |  |  |  | (14 | ) |  |  | (18 | ) |
Total senior notes |  |  |  |  | 2,636 |  |  |  | 2,632 |  |
Less: Current portion of long-term debt |  |  |  |  | (250 | ) |  |  | — |  |
Total long-term debt |  |  |  | $ | 2,386 |  |  | $ | 2,632 |  |
Future Principal Debt Maturities | As of April 29, 2022, our aggregate future principal debt maturities are as follows (in millions):
Fiscal Year |  | Amount |
2023 |  | $ | 250 |
2024 |  |  | — |
2025 |  |  | 400 |
2026 |  |  | 750 |
Thereafter |  |  | 1,250 |
Total |  | $ | 2,650 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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