XML 50 R36.htm IDEA: XBRL DOCUMENT v3.25.1
Financial Instruments and Fair Value Measurements (Tables)
 12 Months Ended
Apr. 25, 2025
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 April 25, 2025 and April 26, 2024 (in millions):

 

 

April 25,
 2025

 

 

April 26,
2024

 

U.S. Treasury and government debt securities

 

$

2,025

 

 

$

1,349

 

Money market funds

 

 

1,126

 

 

 

1,161

 

Certificates of deposit

 

 

24

 

 

 

12

 

Mutual funds

 

 

41

 

 

 

38

 

Total debt and equity securities

 

$

3,216

 

 

$

2,560

 
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):

 

 

April 25, 2025

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

Cash

 

$

671

 

 

$

671

 

 

$

—

 

Money market funds

 

 

1,126

 

 

 

1,126

 

 

 

—

 

Certificates of deposit

 

 

24

 

 

 

—

 

 

 

24

 

U.S. Treasury and government debt securities

 

 

921

 

 

 

921

 

 

 

—

 

Total cash and cash equivalents

 

 

2,742

 

 

 

2,718

 

 

 

24

 

Short-term investments:

 

 

 

 

 

 

 

 

 

U.S. Treasury and government debt securities

 

 

1,104

 

 

 

1,104

 

 

 

—

 

Total short-term investments

 

 

1,104

 

 

 

1,104

 

 

 

—

 

Total cash, cash equivalents and short-term investments

 

$

3,846

 

 

$

3,822

 

 

$

24

 

Other items:

 

 

 

 

 

 

 

 

 

Mutual funds (1)

 

$

7

 

 

$

7

 

 

$

—

 

Mutual funds (2)

 

$

34

 

 

$

34

 

 

$

—

 

Foreign currency exchange contracts assets (1)

 

$

29

 

 

$

—

 

 

$

29

 

Foreign currency exchange contracts liabilities (3)

 

$

(2

)

 

$

—

 

 

$

(2

)

 

 

 

April 26, 2024

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

Cash

 

$

730

 

 

$

730

 

 

$

—

 

Money market funds

 

 

1,161

 

 

 

1,161

 

 

 

—

 

Certificates of deposit

 

 

12

 

 

 

—

 

 

 

12

 

Total cash and cash equivalents

 

 

1,903

 

 

 

1,891

 

 

 

12

 

Short-term investments:

 

 

 

 

 

 

 

 

 

U.S. Treasury and government debt securities

 

 

1,349

 

 

 

1,349

 

 

 

—

 

Total short-term investments

 

 

1,349

 

 

 

1,349

 

 

 

—

 

Total cash, cash equivalents and short-term investments

 

$

3,252

 

 

$

3,240

 

 

$

12

 

Other items:

 

 

 

 

 

 

 

 

 

Mutual funds (1)

 

$

6

 

 

$

6

 

 

$

—

 

Mutual funds (2)

 

$

32

 

 

$

32

 

 

$

—

 

Foreign currency exchange contracts assets (1)

 

$

1

 

 

$

—

 

 

$

1

 

Foreign currency exchange contracts liabilities (3)

 

$

(13

)

 

$

—

 

 

$

(13

)

(1)
Reported as other current assets in the consolidated balance sheets
(2)
Reported as other non-current assets in the consolidated balance sheets
(3)
Reported as accrued expenses in the consolidated balance sheets