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Financing Arrangements (Tables)

6 Months Ended

Oct. 25, 2024

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		October 25,  2024				April 26,   2024
3.30% Senior Notes Due September 2024		3.42%		$	—			$	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					2,000				2,400
Unamortized discount and issuance costs					(7	)			(8	)
Total senior notes					1,993				2,392
Less: Current portion of long-term debt					(749	)			(400	)
Total long-term debt				$	1,244			$	1,992

Future Principal Debt Maturities

As of October 25, 2024, our aggregate future principal debt maturities are as follows (in millions):

Fiscal Year		Amount
2025 (remainder)		$	—
2026			750
2027			—
2028			550
2029			—
Thereafter			700
Total		$	2,000

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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

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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