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Accumulated Other Comprehensive Loss
 12 Months Ended
Apr. 26, 2019
Other Comprehensive Income (Loss), before Tax [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The following table provides changes in AOCI, net of tax and by component.
(in millions)
Unrealized (Loss) Gain on Investment Securities
 
Cumulative Translation Adjustments
 
Net Investment Hedges
 
Net Change in Retirement Obligations
 
Unrealized (Loss) Gain on Cash Flow Hedges
 
Total Accumulated Other Comprehensive (Loss) Income
April 28, 2017
$
(69
)
 
$
(1,195
)
 
$
(257
)
 
$
(1,129
)
 
$
37

 
$
(2,613
)
Other comprehensive (loss) income before reclassifications
(95
)
 
1,218

 
—

 
100

 
(272
)
 
951

Reclassifications
(8
)
 
(34
)
 
—

 
67

 
54

 
79

Other comprehensive (loss) income
(103
)
 
1,184

 
—

 
167

 
(218
)
 
1,030

Cumulative effect of change in accounting principle(1)
(22
)
 
—

 
—

 
(155
)
 
(26
)
 
(203
)
April 27, 2018
(194
)
 
(11
)
 
(257
)
 
(1,117
)
 
(207
)
 
(1,786
)
Other comprehensive income (loss) before reclassifications
67

 
(1,372
)
 
88

 
(266
)
 
457

 
(1,026
)
Reclassifications
35

 
—

 
—

 
75

 
(56
)
 
54

Other comprehensive income (loss)
102

 
(1,372
)
 
88

 
(191
)
 
401

 
(972
)
Cumulative effect of change in accounting principle(2)
47

 
—

 
—

 
—

 
—

 
47

April 26, 2019
$
(45
)
 
$
(1,383
)
 
$
(169
)
 
$
(1,308
)
 
$
194

 
$
(2,711
)

(1) The cumulative effect of change in accounting principle in fiscal year 2018 related to the Company's adoption of accounting guidance which permitted reclassification from AOCI to retained earnings for stranded tax effects resulting from the Tax Act.
(2) See Note 1 to the consolidated financial statements for discussion regarding the adoption of accounting standards during fiscal year 2019.
The income tax on gains and losses on investment securities in other comprehensive income before reclassifications during fiscal years 2019, 2018, and 2017 was a benefit of $5 million, an expense of $26 million, and an expense of $41 million, respectively. During fiscal years 2019, 2018, and 2017, realized gains and losses on investment securities reclassified from AOCI were reduced by income taxes of $3 million, $4 million, and $8 million, respectively. When realized, gains and losses on investment securities reclassified from AOCI are recognized within other non-operating income, net. Refer to Note 6 for additional information.
During fiscal year 2019, the income tax benefit on cumulative translation adjustments was $7 million. During fiscal years 2018 and 2017, taxes were not provided on cumulative translation adjustments as substantially all translation adjustments relate to earnings that were intended to be indefinitely reinvested outside the U.S.
During fiscal years 2019, 2018, and 2017, there were no tax impacts on net investment hedges. Refer to Note 8 for additional information.
The net change in retirement obligations in other comprehensive income includes net amortization of prior service costs and actuarial losses included in net periodic benefit cost. The income tax on the net change in retirement obligations in other comprehensive income before reclassifications during fiscal years 2019, 2018, and 2017 was a benefit of $63 million, an expense of $14 million, and an expense of $41 million, respectively. During fiscal years 2019, 2018, and 2017, the gains and losses on defined benefit and pension items reclassified from AOCI were reduced by income taxes of $19 million, $27 million, and $23 million, respectively. Refer to Note 16 for additional information.
The income tax on unrealized gains and losses on cash flow hedges in other comprehensive income before reclassifications during fiscal years 2019, 2018, and 2017 was an expense of $158 million, a benefit of $132 million, and an expense of $130 million, respectively. During fiscal years 2019, 2018, and 2017, gains and losses on cash flow hedges reclassified from AOCI were reduced by income taxes of $24 million, $22 million, and $61 million, respectively. When realized, gains and losses on currency exchange rate contracts reclassified from AOCI are recognized within other operating expense, net  and gains and losses on forward starting interest rate derivatives reclassified from AOCI are recognized within interest expense. Refer to Note 8 for additional information.