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Financial Instruments and Fair Value Measurements (Tables) | 3 Months Ended
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Jul. 28, 2023
Investments, Debt and Equity Securities [Abstract] |
Summary of Investments at Cost or Amortized Cost | The following is a summary of our investments at their cost or amortized cost as of July 28, 2023 and April 28, 2023 (in millions):
|  | July 28, 2023 |  |  | April 28, 2023 |  |
U.S. Treasury and government debt securities |  |  | 1,005 |  |  |  | 754 |  |
Money market funds |  |  | 436 |  |  |  | 794 |  |
Certificates of deposit |  |  | 54 |  |  |  | 59 |  |
Mutual funds |  |  | 39 |  |  |  | 36 |  |
Total debt and equity securities |  | $ | 1,534 |  |  | $ | 1,643 |  |
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis (in millions):
|  | July 28, 2023 |
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
|  | Total |  |  | Level 1 |  |  | Level 2 |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |
Cash |  | $ | 1,480 |  |  | $ | 1,480 |  |  | $ | — |
Money market funds |  |  | 436 |  |  |  | 436 |  |  |  | — |
Certificates of deposit |  |  | 54 |  |  |  | — |  |  |  | 54 |
U.S. Treasury and government debt securities |  |  | 50 |  |  |  | 50 |  |  |  | — |
Total cash and cash equivalents |  |  | 2,020 |  |  |  | 1,966 |  |  |  | 54 |
Short-term investments: |  |  |  |  |  |  |  |  |
U.S. Treasury and government debt securities |  |  | 955 |  |  |  | 955 |  |  |  | — |
Total short-term investments |  |  | 955 |  |  |  | 955 |  |  |  | — |
Total cash, cash equivalents and short-term investments |  | $ | 2,975 |  |  | $ | 2,921 |  |  | $ | 54 |
Other items: |  |  |  |  |  |  |  |  |
Mutual funds (1) |  | $ | 8 |  |  | $ | 8 |  |  | $ | — |
Mutual funds (2) |  | $ | 31 |  |  | $ | 31 |  |  | $ | — |
Foreign currency exchange contracts assets (1) |  | $ | 11 |  |  | $ | — |  |  | $ | 11 |
Foreign currency exchange contracts liabilities (3) |  | $ | (1 | ) |  | $ | — |  |  | $ | (1 | )
|  | April 28, 2023 |
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
|  | Total |  |  | Level 1 |  |  | Level 2 |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |
Cash |  | $ | 1,463 |  |  | $ | 1,463 |  |  | $ | — |
Money market funds |  |  | 794 |  |  |  | 794 |  |  |  | — |
Certificates of deposit |  |  | 59 |  |  |  | — |  |  |  | 59 |
Total cash and cash equivalents |  |  | 2,316 |  |  |  | 2,257 |  |  |  | 59 |
Short-term investments: |  |  |  |  |  |  |  |  |
U.S. Treasury and government debt securities |  |  | 754 |  |  |  | 754 |  |  |  | — |
Total short-term investments |  |  | 754 |  |  |  | 754 |  |  |  | — |
Total cash, cash equivalents and short-term investments |  | $ | 3,070 |  |  | $ | 3,011 |  |  | $ | 59 |
Other items: |  |  |  |  |  |  |  |  |
Mutual funds (1) |  | $ | 7 |  |  | $ | 7 |  |  | $ | — |
Mutual funds (2) |  | $ | 29 |  |  | $ | 29 |  |  | $ | — |
Foreign currency exchange contracts assets (1) |  | $ | 13 |  |  | $ | — |  |  | $ | 13 |
Foreign currency exchange contracts liabilities (3) |  | $ | (4 | ) |  | $ | — |  |  | $ | (4 | )
(1) Reported as other current assets in the condensed consolidated balance sheets (2) Reported as other non-current assets in the condensed consolidated balance sheets (3) Reported as accrued expenses in the condensed consolidated balance sheets

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- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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