Financing Arrangements (Tables)

12 Months Ended

Apr. 29, 2016

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term debt consisted of the following:

(in millions)	April 29, 2016		April 24, 2015
Capital lease obligations	$	106	$	16
Bank borrowings	387		303
Floating rate three-year 2014 senior notes	250		—
0.875 percent three-year 2014 senior notes	250		—
2.625 percent five-year 2011 senior notes	—		500
4.750 percent ten-year 2005 senior notes	—		600
1.350 percent 2012 CIFSA senior notes	—		600
2.800 percent 2010 CIFSA senior notes	—		400
Interest rate swaps	—		10
Debt premium	—		5
Total Short-Term Borrowings	$	993	$	2,434

Schedule of Long-term Debt

Long-term debt consisted of the following:

		April 29, 2016				April 24, 2015
(in millions, except interest rates)	Maturity by Fiscal Year	Payable		Effective Interest Rate		Payable		Effective Interest Rate
Floating rate three-year 2014 senior notes	2017	$	—	—	%	$	250	0.32	%
0.875 percent three-year 2014 senior notes	2017	—		—		250		0.91
6.000 percent ten-year 2008 CIFSA senior notes	2018	1,150		1.41		1,150		1.41
1.375 percent five-year 2013 senior notes	2018	1,000		1.41		1,000		1.41
1.500 percent three-year 2015 senior notes	2018	1,000		1.59		1,000		1.59
5.600 percent ten-year 2009 senior notes	2019	400		5.61		400		5.61
4.450 percent ten-year 2010 senior notes	2020	766		4.47		1,250		4.47
2.500 percent five-year 2015 senior notes	2020	2,500		2.52		2,500		2.52
Floating rate five-year 2015 senior notes	2020	500		1.04		500		1.04
4.200 percent ten-year 2010 CIFSA senior notes	2021	600		2.22		600		2.22
4.125 percent ten-year 2011 senior notes	2021	500		4.19		500		4.19
3.125 percent ten-year 2012 senior notes	2022	675		3.16		675		3.16
3.200 percent ten-year 2012 CIFSA senior notes	2023	650		2.66		650		2.66
3.150 percent seven-year 2015 senior notes	2022	2,500		3.18		2,500		3.18
2.750 percent ten-year 2013 senior notes	2023	530		2.78		1,250		2.78
2.950 percent ten-year 2013 CIFSA senior notes	2024	310		2.67		750		2.67
3.625 percent ten-year 2014 senior notes	2024	850		3.65		850		3.65
3.500 percent ten-year 2015 senior notes	2025	4,000		3.61		4,000		3.61
4.375 percent twenty-year 2015 senior notes	2035	2,382		4.44		2,500		4.44
6.550 percent thirty-year 2007 CIFSA senior notes	2038	374		3.75		850		3.75
6.500 percent thirty-year 2009 senior notes	2039	300		6.52		300		6.52
5.550 percent thirty-year 2010 senior notes	2040	500		5.56		500		5.56
4.500 percent thirty-year 2012 senior notes	2042	400		4.51		400		4.51
4.000 percent thirty-year 2013 senior notes	2043	325		4.12		750		4.12
4.625 percent thirty-year 2014 senior notes	2044	650		4.67		650		4.67
4.625 percent thirty-year 2015 senior notes	2045	4,000		4.64		4,000		4.64
Three-year term loan	2018	3,000		1.12		3,000		1.12
Interest rate swaps	2021-2022	89		—		79		—
Deferred gains from interest rate swap terminations, net	—	—		—		3		—
Capital lease obligations	2018-2026	26		4.66		129		3.52
Bank borrowings	2018-2021	56		6.46		17		—
Debt premium (discount)	2018-2045	214		—		499		—
Total Long-Term Debt		$	30,247			$	33,752

Schedule of Maturities of Long-term Debt

Contractual maturities of debt for the next five fiscal years and thereafter, excluding the debt premium and discount, and the fair value of outstanding interest rate swap agreements are as follows:

(in millions) Fiscal Year
2017	$	993
2018	6,176
2019	411
2020	3,777
2021	1,104
Thereafter	18,476
Total debt	30,937
Less: Current portion of debt	993
Long-term portion of debt	$	29,944