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Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Jan. 24, 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 January 24, 2025 and April 26, 2024 (in millions):

		January 24,  2025				April 26,   2024
U.S. Treasury and government debt securities		$	750			$	1,349
Money market funds			780				1,161
Certificates of deposit			28				12
Mutual funds			44				38
Total debt and equity securities		$	1,602			$	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):

		January 24, 2025
						Fair Value Measurements at Reporting Date Using
		Total				Level 1				Level 2
Cash and cash equivalents:
Cash		$	703			$	703			$	—
Money market funds			780				780				—
Certificates of deposit			28				—				28
Total cash and cash equivalents			1,511				1,483				28
Short-term investments:
U.S. Treasury and government debt securities			750				750				—
Total short-term investments			750				750				—
Total cash, cash equivalents and short-term investments		$	2,261			$	2,233			$	28
Other items:
Mutual funds (1)		$	7			$	7			$	—
Mutual funds (2)		$	37			$	37			$	—
Foreign currency exchange contracts assets (1)		$	7			$	—			$	7
Foreign currency exchange contracts liabilities (3)		$	—			$	—			$	—

		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 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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- References

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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.

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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/2009/role/commonPracticeRef
-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

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-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

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