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Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Cumulative effect of change in accounting principle
Total Shareholders’ Equity
Total Shareholders’ Equity
Cumulative effect of change in accounting principle
Ordinary Shares
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative effect of change in accounting principle
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Cumulative effect of change in accounting principle
Noncontrolling Interests
Beginning balance (in shares) at Apr. 28, 2017         1,369,000,000            
Beginning balance at Apr. 28, 2017 $ 50,330 $ 296 [1] $ 50,208 $ 296 [1] $ 0 $ 29,551 $ 23,270 $ 499 [1] $ (2,613) $ (203) [1] $ 122
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) 3,095   3,104       3,104       (9)
Other comprehensive income (loss) 1,030   1,030           1,030    
Dividends to shareholders (2,494)   (2,494)       (2,494)        
Issuance of shares under stock purchase and award plans (in shares)         10,000,000            
Issuance of shares under stock purchase and award plans 329   329     329          
Repurchase of ordinary shares (in shares)         (25,000,000)            
Repurchase of ordinary shares (2,097)   (2,097)     (2,097)          
Stock-based compensation 344   344     344          
Changes to noncontrolling ownership interests (11)   0               (11)
Ending balance (in shares) at Apr. 27, 2018         1,354,000,000            
Ending balance at Apr. 27, 2018 50,822 0 [2] 50,720 0 [2] $ 0 28,127 24,379 (47) [2] (1,786) 47 [2] 102
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) 4,650   4,631       4,631       19
Other comprehensive income (loss) (975)   (972)           (972)   (3)
Dividends to shareholders (2,693)   (2,693)       (2,693)        
Issuance of shares under stock purchase and award plans (in shares)         18,000,000            
Issuance of shares under stock purchase and award plans 923   923     923          
Repurchase of ordinary shares (in shares)         (31,000,000)            
Repurchase of ordinary shares (2,808)   (2,808)     (2,808)          
Stock-based compensation 290   290     290          
Changes to noncontrolling ownership interests $ 3   0               3
Ending balance (in shares) at Apr. 26, 2019 1,340,697,595       1,341,000,000            
Ending balance at Apr. 26, 2019 $ 50,212 $ (33) [3] 50,091 $ (33) [3] $ 0 26,532 26,270 $ (33) [3] (2,711) $ 0 [3] 121
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) 4,806   4,789       4,789       17
Other comprehensive income (loss) (851)   (849)           (849)   (2)
Dividends to shareholders (2,894)   (2,894)       (2,894)        
Issuance of shares under stock purchase and award plans (in shares)         12,000,000            
Issuance of shares under stock purchase and award plans 564   564     564          
Repurchase of ordinary shares (in shares)         (12,000,000)            
Repurchase of ordinary shares (1,228)   (1,228)     (1,228)          
Stock-based compensation 297   297     297          
Changes to noncontrolling ownership interests $ (1)   0               (1)
Ending balance (in shares) at Apr. 24, 2020 1,341,074,724       1,341,000,000            
Ending balance at Apr. 24, 2020 $ 50,872   $ 50,737   $ 0 $ 26,165 $ 28,132   $ (3,560)   $ 135
[1] The cumulative effect of change in accounting principle in fiscal year 2018 resulted from the adoption of accounting guidance that requires the tax effect of intra-entity transactions, other than sales of inventory, to be recognized when the transaction occurs, and accounting guidance which permitted reclassification of stranded tax effects resulting from the enactment of comprehensive U.S. tax legislation from accumulated other comprehensive loss to retained earnings.
[2] The cumulative effect of change in accounting principle in fiscal year 2019 resulted from the adoption of accounting guidance that requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. As a result of the adoption, the Company reclassified $47 million from accumulated other comprehensive loss to the opening balance of retained earnings as of April 28, 2018.
[3] See Note 1 to the consolidated financial statements for discussion regarding the adoption of accounting standards during fiscal year 2020.