Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Jul. 29, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Carrying Amount of Goodwill

The following table presents the changes in the carrying amount of goodwill by segment:

(in millions)	Cardiovascular		Medical Surgical		Neuroscience		Diabetes		Total
April 29, 2022	$	7,160	$	19,957	$	11,132	$	2,254	$	40,502
Goodwill as a result of acquisitions	66		—		615		—		680
Purchase accounting adjustments	(10)		—		—		—		(10)
Transfer to held for sale	—		(208)		—		—		(208)
Currency translation and other	(49)		(507)		(83)		(1)		(640)
July 29, 2022	$	7,166	$	19,242	$	11,664	$	2,253	$	40,324

Gross Carrying Amount and Accumulated Amortization of Definite-Lived Intangible Assets

The following table presents the gross carrying amount and accumulated amortization of intangible assets:

	July 29, 2022				April 29, 2022
(in millions)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Definite-lived:
Customer-related	$	16,927	$	(7,238)	$	16,953	$	(7,005)
Purchased technology and patents	11,311		(5,758)		10,802		(5,667)
Trademarks and tradenames	485		(268)		473		(266)
Other	97		(65)		80		(69)
Total	$	28,820	$	(13,328)	$	28,308	$	(13,006)
Indefinite-lived:
IPR&D	$	283	$	—	$	293	$	—

Gross Carrying Amount of Indefinite-Lived Intangible Assets

The following table presents the gross carrying amount and accumulated amortization of intangible assets:

	July 29, 2022				April 29, 2022
(in millions)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Definite-lived:
Customer-related	$	16,927	$	(7,238)	$	16,953	$	(7,005)
Purchased technology and patents	11,311		(5,758)		10,802		(5,667)
Trademarks and tradenames	485		(268)		473		(266)
Other	97		(65)		80		(69)
Total	$	28,820	$	(13,328)	$	28,308	$	(13,006)
Indefinite-lived:
IPR&D	$	283	$	—	$	293	$	—

Estimated Future Aggregate Amortization Expense, Definite-Lived Intangible Assets

Estimated aggregate amortization expense by fiscal year based on the carrying value of definite-lived intangible assets at July 29, 2022, excluding any possible future amortization associated with acquired IPR&D which has not yet met technological feasibility, is as follows:

(in millions)	Amortization Expense
Remaining 2023	$	1,261
2024	1,649
2025	1,627
2026	1,613
2027	1,589
2028	1,539