XML 105 R86.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes (Details) - USD ($)
$ in Millions
12 Months Ended
Apr. 28, 2017
Apr. 29, 2016
Apr. 24, 2015
Income (Loss) from Continuing Operations before Income Taxes, by Jurisdiction      
U.S. $ (234) $ 333 $ 639
International 4,836 4,003 2,847
Income before provision for income taxes 4,602 4,336 3,486
Current tax expense:      
U.S. 614 440 1,128
International 840 835 502
Total current tax expense 1,454 1,275 1,630
Deferred tax (benefit) expense:      
U.S. (399) (67) (705)
International (477) (410) (114)
Net deferred tax benefit (876) (477) (819)
Total provision for income taxes 578 798 $ 811
Deferred tax assets:      
Net operating loss, capital loss, and credit carryforwards 6,800 7,568  
Other accrued liabilities 658 619  
Accrued compensation 427 358  
Pension and post-retirement benefits 456 530  
Stock-based compensation 278 316  
Other 308 341  
Inventory 277 225  
Federal and state benefit on uncertain tax positions 191 308  
Unrealized loss on available-for-sale securities and derivative financial instruments 0 107  
Gross deferred tax assets 9,395 10,372  
Valuation allowance (6,311) (7,032)  
Total deferred tax assets 3,084 3,340  
Deferred tax liabilities:      
Intangible assets (4,943) (5,173)  
Basis impairment 0 (230)  
Realized loss on derivative financial instruments (112) (112)  
Other (74) (179)  
Accumulated depreciation (149) (189)  
Unrealized gain on available-for-sale securities and derivative financial instruments (18) 0  
Outside basis difference of subsidiaries (112) 0  
Total deferred tax liabilities (5,408) (5,883)  
Prepaid income taxes 475 365  
Income tax receivables 218 529  
Tax liabilities, net (1,631) (1,649)  
Reported as (after valuation allowance and jurisdictional netting):      
Prepaid expenses and other current assets 545 697  
Tax assets 1,509 1,383  
Deferred tax liabilities (2,978) (3,729)  
Noncurrent liabilities held for sale $ (707) $ 0  
Effective Income Tax Rate Reconciliation      
U.S. federal statutory tax rate 35.00% 35.00% 35.00%
Increase (decrease) in tax rate resulting from:      
U.S. state taxes, net of federal tax benefit 1.00% 0.90% 0.80%
Research and development credit (0.90%) (1.20%) (0.70%)
Domestic production activities (0.40%) (0.30%) (0.40%)
International (27.10%) (23.40%) (24.30%)
Puerto Rico Excise Tax (1.50%) (1.60%) (1.70%)
Impact of adjustments 5.70% 11.40% 13.30%
Valuation allowance release (1.00%) (0.90%) 0.00%
Other, net 1.80% (1.50%) 1.30%
Effective tax rate 12.60% 18.40% 23.30%
Unrecognized Tax Benefits Reconciliation      
Gross unrecognized tax benefits at beginning of fiscal year $ 2,703 $ 2,860 $ 1,172
Gross increases:      
Prior year tax positions 147 36 331
Current year tax positions 75 202 231
Acquisitions 4 0 1,199
Acquisitions      
Prior year tax positions (538) (116) (40)
Settlements (467) (275) (33)
Statute of limitation lapses (28) (4) 0
Gross unrecognized tax benefits at end of fiscal year 1,896 2,703 2,860
Cash advance paid in connection with proposed settlements 0 (384) (378)
Gross unrecognized tax benefits at end of fiscal year, net of cash advance $ 1,896 $ 2,319 $ 2,482