Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Oct. 28, 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	726		—		615		—		1,340
Purchase accounting adjustments	(10)		—		(3)		—		(13)
Transfer to held for sale	—		(208)		—		—		(208)
Currency translation and other	(91)		(951)		(163)		—		(1,204)
October 28, 2022	$	7,784	$	18,798	$	11,581	$	2,254	$	40,417

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:

	October 28, 2022				April 29, 2022
(in millions)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Definite-lived:
Customer-related	$	16,918	$	(7,476)	$	16,953	$	(7,005)
Purchased technology and patents	11,295		(5,916)		10,802		(5,667)
Trademarks and tradenames	484		(272)		473		(266)
Other	105		(66)		80		(69)
Total	$	28,802	$	(13,730)	$	28,308	$	(13,006)
Indefinite-lived:
IPR&D	$	583	$	—	$	293	$	—

Gross Carrying Amount of Indefinite-Lived Intangible Assets

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

	October 28, 2022				April 29, 2022
(in millions)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Definite-lived:
Customer-related	$	16,918	$	(7,476)	$	16,953	$	(7,005)
Purchased technology and patents	11,295		(5,916)		10,802		(5,667)
Trademarks and tradenames	484		(272)		473		(266)
Other	105		(66)		80		(69)
Total	$	28,802	$	(13,730)	$	28,308	$	(13,006)
Indefinite-lived:
IPR&D	$	583	$	—	$	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 October 28, 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	$	839
2024	1,649
2025	1,627
2026	1,614
2027	1,590
2028	1,539