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Employee Benefits and Deferred Compensation (Tables)
12 Months Ended
Apr. 29, 2022
Retirement Benefits [Abstract]  
Amount Contributed Under 401(k) Plans Our employer matching contributions to the 401(k) Plan were as follows (in millions):

 

 

 

Year Ended

 

 

 

April 29, 2022

 

 

April 30, 2021

 

 

April 24, 2020

 

401(k) matching contributions

 

$

31

 

 

$

29

 

 

$

29

 

Deferred Compensation Plans The related deferred compensation plan assets and liabilities under the non-qualified deferred compensation plan were as follows (in millions):

 

 

 

April 29, 2022

 

 

April 30, 2021

 

Deferred compensation plan assets

 

$

36

 

 

$

40

 

Deferred compensation liabilities reported as:

 

 

 

 

 

 

Accrued expenses

 

$

6

 

 

$

8

 

Other long-term liabilities

 

$

30

 

 

$

32

 

Schedule of Defined Benefit Plans

The funded status of our defined benefit plans, which is recognized in other long-term liabilities in our consolidated balance sheets, was as follows (in millions):

 

 

 

April 29, 2022

 

 

April 30, 2021

 

Fair value of plan assets

 

$

39

 

 

$

38

 

Benefit obligations

 

 

(69

)

 

 

(72

)

Unfunded obligations

 

$

(30

)

 

$

(34

)