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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Apr. 25, 2014
Accounting Policies [Abstract]  
Schedule of Inventory, Net of Reserves
(in millions)
April 25,
2014
 
April 26,
2013
Finished goods
$
1,196

 
$
1,174

Work in process
247

 
248

Raw materials
282

 
290

Total
$
1,725

 
$
1,712

Schedule of Property, Plant and Equipment
(in millions)
April 25,
2014
 
April 26,
2013
 
Lives
(in years)
Land and land improvements
$
152

 
$
151

 
Up to 20

Buildings and leasehold improvements
1,565

 
1,532

 
Up to 40

Equipment
4,409

 
4,110

 
3-7

Construction in progress
313

 
359

 

Subtotal
6,439

 
6,152

 
 

Less: Accumulated depreciation
(4,047
)
 
(3,662
)
 
 

Property, plant, and equipment, net
$
2,392

 
$
2,490

 
 

Schedule of Product Warranty Obligations
(in millions)
 
 

Balance as of April 27, 2012
 
$
31

Warranty claims provision
 
25

Settlements made
 
(21
)
Balance as of April 26, 2013
 
$
35

Warranty claims provision
 
25

Settlements made
 
(28
)
Balance as of April 25, 2014
 
$
32

Schedule of AOCI
(in millions)
 
Unrealized
Gain (Loss) on Available-for-Sale Securities
 
Cumulative
Translation
Adjustments
 
Net Change in
Retirement
Obligations
 
Unrealized Gain (Loss) on Derivatives
 
Accumulated Other
Comprehensive Loss
Balance as of April 29, 2011
 
$
196

 
$
443

 
$
(607
)
 
$
(256
)
 
$
(224
)
Other comprehensive (loss) income
 
(66
)
 
(137
)
 
(227
)
 
181

 
(249
)
Balance as of April 27, 2012
 
$
130

 
$
306

 
$
(834
)
 
$
(75
)
 
$
(473
)
Other comprehensive (loss) income
 
(33
)
 
(21
)
 
(18
)
 
53

 
(19
)
Correction of classification
 

 
(80
)
 

 
80

 

Balance as of April 26, 2013
 
$
97

 
$
205

 
$
(852
)
 
$
58

 
$
(492
)
Accumulated Other Comprehensive Loss
In the first quarter of fiscal year 2014, the Company prospectively adopted guidance issued by the FASB that requires additional disclosure related to the impact of reclassification adjustments out of AOCI on net income. Changes in AOCI by component are as follows:
(in millions)
Unrealized Gain (Loss) on Available-for-Sale Securities
 
Cumulative Translation Adjustments (a)
 
Net Change in Retirement Obligations
 
Unrealized Gain (Loss) on Derivatives
 
Total Accumulated Other Comprehensive Loss
Balance as of April 26, 2013, net of tax
$
97

 
$
205

 
$
(852
)
 
$
58

 
$
(492
)
 
Other comprehensive (loss) income before reclassifications, before tax
(89
)
 
13

 
60

 
(120
)
 
(136
)
 
Tax benefit (expense)
32

 

 
(37
)
 
44

 
39

Other comprehensive (loss) income before reclassifications, net of tax
(57
)
 
13

 
23

 
(76
)
 
(97
)
 
Reclassifications, before tax
(72
)
 

 
99

 
(42
)
 
(15
)
 
Tax benefit (expense)
26

 

 
(35
)
 
16

 
7

 
Reclassifications, net of tax
(46
)
(b)

 
64

(c)
(26
)
(d)
(8
)
Other comprehensive (loss) income, net of tax
(103
)
 
13

 
87

 
(102
)
 
(105
)
Balance as of April 25, 2014, net of tax
$
(6
)
 
$
218

 
$
(765
)
 
$
(44
)
 
$
(597
)
(a) Taxes are not provided on CTA as substantially all translation adjustments relate to earnings that are intended to be indefinitely reinvested outside the U.S.
(b) Represents net realized gains on sales of available-for-sale securities that were reclassified from AOCI to other expense, net (see Note 5).
(c) Includes net amortization of prior service costs and actuarial losses included in net periodic benefit cost (see Note 14).
(d) Relates to foreign currency cash flow hedges that were reclassified from AOCI to other expense, net or cost of products sold and forward starting interest rate derivative instruments that were reclassified from AOCI to interest expense, net (see Note 9).
Schedule of Earnings Per Share
 
Fiscal Year
(in millions, except per share data)
2014
 
2013
 
2012
Numerator:
 

 
 

 
 

Earnings from continuing operations
$
3,065

 
$
3,467

 
$
3,415

Earnings from discontinued operations

 

 
202

Net earnings
3,065

 
3,467

 
3,617

Denominator:
 

 
 

 
 

Basic – weighted average shares outstanding
1,002.1

 
1,019.3

 
1,053.9

Effect of dilutive securities:
 

 
 

 
 

Employee stock options
7.1

 
2.8

 
0.9

Employee restricted stock units
4.3

 
5.3

 
4.9

Other
0.1

 
0.1

 
0.2

Diluted – weighted average shares outstanding
1,013.6

 
1,027.5

 
1,059.9

Basic earnings per share:
 

 
 

 
 

Earnings from continuing operations
$
3.06

 
$
3.40

 
$
3.24

Earnings from discontinued operations
$

 
$

 
$
0.19

Net earnings
$
3.06

 
$
3.40

 
$
3.43

Diluted earnings per share:
 

 
 

 
 

Earnings from continuing operations
$
3.02

 
$
3.37

 
$
3.22

Earnings from discontinued operations
$

 
$

 
$
0.19

Net earnings
$
3.02

 
$
3.37

 
$
3.41