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Accounting Policies (Tables)
12 Months Ended
Apr. 24, 2021
Accounting Policies [Abstract]  
Schedule of Recent Accounting Pronouncements
The following table summarizes Accounting Standards Updates ("ASUs") which were adopted in fiscal 2021, but did not have a
material impact on our accounting policies or our consolidated financial statements and related disclosures.
ASUDescription
ASU 2016-13Financial Instruments – Credit losses (Topic 326): Measurement of Credit Losses on Financial Instruments
ASU 2020-04Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting
The following table summarizes additional accounting pronouncements which we have not yet adopted, but we believe will not have a material impact on our accounting policies or our consolidated financial statements and related disclosures.
ASUDescriptionAdoption Date
ASU 2018-14Compensation – Retirement benefits – Defined Benefit Plans – General (Subtopic 715-20): Changes to the Disclosure Requirements for Defined Benefit PlansFiscal 2022
ASU 2019-12Income Taxes (Topic 740): Simplifying the Accounting for Income TaxesFiscal 2022
ASU 2020-01Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815Fiscal 2022