Financing Arrangements (Tables)

12 Months Ended

Apr. 24, 2020

Debt Disclosure [Abstract]

Schedule of Current Debt Obligations

Current debt obligations consisted of the following:

(in millions)	April 24, 2020		April 26, 2019
Bank borrowings	$	325	$	332
0.000 percent two-year 2019 senior notes	1,631		—
Floating rate two-year 2019 senior notes	815		—
Floating rate five-year 2015 senior notes	—		500
Finance lease obligations	5		6
Current debt obligations	$	2,776	$	838

Schedule of Long-term Debt

Long-term debt consisted of the following:

		April 24, 2020				April 26, 2019
(in millions, except interest rates)	Maturity by Fiscal Year	Amount		Effective Interest Rate		Amount		Effective Interest Rate
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
3.150 percent seven-year 2015 senior notes	2022	1,534		3.29		2,500		3.29
3.125 percent ten-year 2012 senior notes	2022	—		—		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	1,631		0.56		1,681		0.56
2.750 percent ten-year 2013 senior notes	2023	530		3.25		530		3.25
0.000 percent four-year 2019 senior notes	2023	815		0.09		—		—
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	432		3.61		850		3.61
3.500 percent ten-year 2015 senior notes	2025	2,700		3.74		4,000		3.74
0.250 percent seven-year 2019 senior notes	2026	1,087		0.44		—		—
1.125 percent eight-year 2019 senior notes	2027	1,631		1.25		1,681		1.25
3.350 percent ten-year 2017 senior notes	2027	368		3.53		850		3.53
1.625 percent twelve-year 2019 senior notes	2031	1,087		1.75		1,121		1.75
1.000 percent thirteen-year 2019 senior notes	2032	1,087		1.06		—		—
4.375 percent twenty-year 2015 senior notes	2035	1,932		4.47		2,382		4.47
6.550 percent thirty-year 2007 CIFSA senior notes	2038	253		4.68		284		4.68
2.250 percent twenty-year 2019 senior notes	2039	1,087		2.34		1,121		2.34
6.500 percent thirty-year 2009 senior notes	2039	158		6.56		183		6.56
5.550 percent thirty-year 2010 senior notes	2040	224		5.58		306		5.58
1.500 percent twenty-year 2019 senior notes	2040	1,087		1.58		—		—
4.500 percent thirty-year 2012 senior notes	2042	105		4.54		129		4.54
4.000 percent thirty-year 2013 senior notes	2043	305		4.10		325		4.10
4.625 percent thirty-year 2014 senior notes	2044	127		4.67		177		4.67
4.625 percent thirty-year 2015 senior notes	2045	1,813		4.67		1,963		4.69
1.750 percent thirty-year 2019 senior notes	2050	1,087		1.87		—		—
Bank borrowings	2021 - 2022	55		2.11		83		1.94
Debt (discount) premium, net	2021 - 2050	(15)		—		29		—
Finance lease obligations	2021 - 2035	45		8.93		10		6.39
Interest rate swaps	N/A	—		—		9		—
Deferred financing costs	2021 - 2050	(104)		—		(104)		—
Long-term debt		$	22,021			$	24,486

Schedule of Maturities of Long-term Debt

Contractual maturities of debt for the next five fiscal years and thereafter, excluding deferred financing costs and debt discount, net, are as follows:

(in millions)
2021	$	2,776
2022	1,594
2023	3,630
2024	746
2025	2,704
Thereafter	13,466
Total debt	24,916
Less: Current debt obligations	2,776
Long-term debt	$	22,140