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Derivatives and Hedging Activities (Tables)

12 Months Ended

Apr. 29, 2022

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):

		April 29,  2022				April 30,  2021
Cash Flow Hedges
Forward contracts purchased		$	78			$	167
Balance Sheet Contracts
Forward contracts sold		$	841			$	497
Forward contracts purchased		$	129			$	117

Schedule of Derivative Instruments Not Designated as Hedging Instruments

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

		Year Ended
		April 29, 2022				April 30, 2021				April 24, 2020
		Gain (Loss) Recognized into Income
Foreign currency exchange contracts		$	(91	)		$	20			$	—

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Tabular disclosure of the notional amounts of outstanding derivative positions.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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-Name Accounting Standards Codification
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-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL109998890-113959

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