Financing Arrangements (Tables)

12 Months Ended

Apr. 26, 2019

Debt Disclosure [Abstract]

Schedule of Current Debt Obligations

Current debt obligations consisted of the following:

(in millions)	April 26, 2019		April 27, 2018
Bank borrowings	$	332	$	355
Floating rate five-year 2015 senior notes	500		—
Capital lease obligations	6		5
Commercial paper	—		698
1.700 percent two-year 2017 senior notes	—		1,000
Current debt obligations	$	838	$	2,058

Schedule of Long-term Debt

Long-term debt consisted of the following:

		April 26, 2019					April 27, 2018
(in millions, except interest rates)	Maturity by Fiscal Year	Amount			Effective Interest Rate		Amount			Effective Interest Rate
Floating rate five-year 2015 senior notes	2020	$	—		—	%	$	500		2.92	%
2.500 percent five-year 2015 senior notes	2020	—			—		2,500			2.63
4.200 percent ten-year 2010 CIFSA senior notes	2021	—			—		600			2.33
0.000 percent two-year 2019 senior notes	2021	1,681			0.22		—			—
Floating rate two-year 2019 senior notes	2021	560			0.05		—			—
4.125 percent ten-year 2011 senior notes	2021	500			4.21		500			4.21
3.150 percent seven-year 2015 senior notes	2022	2,500			3.29		2,500			3.29
3.125 percent ten-year 2012 senior notes	2022	675			3.21		675			3.21
3.200 percent ten-year 2012 CIFSA senior notes	2023	650			2.72		650			2.72
0.375 percent four-year 2019 senior notes	2023	1,681			0.56		—			—
2.750 percent ten-year 2013 senior notes	2023	530			3.25		530			3.25
2.950 percent ten-year 2013 CIFSA senior notes	2024	310			2.71		310			2.71
3.625 percent ten-year 2014 senior notes	2024	850			3.61		850			3.61
3.500 percent ten-year 2015 senior notes	2025	4,000			3.74		4,000			3.74
1.125 percent eight-year 2019 senior notes	2027	1,681			1.25		—			—
3.350 percent ten-year 2017 senior notes	2027	850			3.53		850			3.53
1.625 percent twelve-year 2019 senior notes	2031	1,121			1.75		—			—
4.375 percent twenty-year 2015 senior notes	2035	2,382			4.47		2,382			4.47
6.550 percent thirty-year 2007 CIFSA senior notes	2038	284			4.68		374			4.68
2.250 percent twenty-year 2019 senior notes	2039	1,121			2.34		—			—
6.500 percent thirty-year 2009 senior notes	2039	183			6.56		300			6.56
5.550 percent thirty-year 2010 senior notes	2040	306			5.58		500			5.58
4.500 percent thirty-year 2012 senior notes	2042	129			4.54		400			4.54
4.000 percent thirty-year 2013 senior notes	2043	325			4.10		325			4.10
4.625 percent thirty-year 2014 senior notes	2044	177			4.67		650			4.67
4.625 percent thirty-year 2015 senior notes	2045	1,963			4.69		4,150			4.69
Bank borrowings	2021-2022	83			1.94		125			3.99
Debt premium, net	2021-2045	29			—		120			—
Capital lease obligations	2021-2028	10			6.39		21			4.46
Interest rate swaps	2021-2022	9			—		(6		)	—
Deferred financing costs	2021-2045	(104		)	—		(107		)	—
Long-term debt		$	24,486				$	23,699

Schedule of Maturities of Long-term Debt

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

(in millions)
2020	$	838
2021	2,747
2022	3,258
2023	2,862
2024	1,161
Thereafter	14,524
Total debt	25,390
Less: Current debt obligations	838
Long-term debt	$	24,552