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Derivatives and Hedging Activities (Tables)
3 Months Ended
Jul. 25, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Value of Outstanding Foreign Currency Exchange Forward Contracts

The notional amount of our outstanding U.S. dollar equivalent foreign currency exchange forward contracts consisted of the following (in millions):

 

 

July 25, 2025

 

 

April 25, 2025

 

Cash Flow Hedges

 

 

 

 

 

 

Forward contracts purchased

 

$

119

 

 

$

81

 

Balance Sheet Contracts

 

 

 

 

 

 

Forward contracts sold

 

$

1,533

 

 

$

790

 

The gain (loss) of cash flow hedges recognized in net revenues is presented in the condensed consolidated statements of comprehensive income.

Schedule of Derivative Instruments Not Designated as Hedging Instruments

The effect of derivative instruments not designated as hedging instruments recognized in other (expense) income, net on our condensed consolidated statements of income was as follows (in millions):

 

 

Three Months Ended

 

 

 

July 25, 2025

 

 

July 26, 2024

 

 

 

Gain Recognized into Income

 

Foreign currency exchange contracts

 

$

18

 

 

$

13