Retirement Benefit Plans

9 Months Ended

Jan. 24, 2020

Retirement Benefits [Abstract]

Retirement Benefit Plans

Retirement Benefit Plans

The Company sponsors various retirement benefit plans, including defined benefit pension plans, post-retirement medical plans, defined contribution savings plans, and termination indemnity plans, covering substantially all U.S. employees and many employees outside the U.S. The net periodic benefit cost of the defined benefit pension plans included the following components for the three months and nine months ended January 24, 2020 and January 25, 2019:

	U.S.				Non-U.S.
	Three months ended				Three months ended
(in millions)	January 24, 2020		January 25, 2019		January 24, 2020		January 25, 2019
Service cost	$	26	$	27	$	15	$	15
Interest cost	32		33		7		7
Expected return on plan assets	(56)		(54)		(15)		(14)
Amortization of net actuarial loss	14		19		4		3
Net periodic benefit cost	$	16	$	25	$	11	$	11
	U.S.				Non-U.S.
	Nine months ended				Nine months ended
(in millions)	January 24, 2020		January 25, 2019		January 24, 2020		January 25, 2019
Service cost	$	78	$	81	$	45	$	45
Interest cost	96		99		21		21
Expected return on plan assets	(168)		(162)		(45)		(42)
Amortization of net actuarial loss	42		57		11		9
Net periodic benefit cost	$	48	$	75	$	32	$	33

Components of net periodic benefit cost other than the service component are recognized in other non-operating income, net in the consolidated statements of income.