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Investments (Tables)
 3 Months Ended
Jul. 25, 2014
Investments [Abstract]  
Information Regarding Short-term and Long-term Investments
Information regarding the Company’s investments at July 25, 2014 is as follows:
(in millions)
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
Available-for-sale securities:
 

 
 

 
 

 
 

Corporate debt securities
$
5,429

 
$
65

 
$
(10
)
 
$
5,484

Auction rate securities
109

 
—

 
(10
)
 
99

Mortgage-backed securities
1,252

 
10

 
(8
)
 
1,254

U.S. government and agency securities
2,748

 
7

 
(22
)
 
2,733

Foreign government and agency securities
78

 
—

 
—

 
78

Certificates of deposit
71

 
—

 
—

 
71

Other asset-backed securities
497

 
1

 
—

 
498

Debt funds
2,446

 
48

 
(8
)
 
2,486

Marketable equity securities
52

 
14

 
(17
)
 
49

Trading securities:
 

 
 

 
 

 
 

Exchange-traded funds
54

 
15

 
—

 
69

Cost method, equity method, and other investments
618

 
—

 
—

 
NA

Total
$
13,354

 
$
160

 
$
(75
)
 
$
12,821

Information regarding the Company’s investments at April 25, 2014 is as follows:
(in millions)
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
Available-for-sale securities:
 

 
 

 
 

 
 

Corporate debt securities
$
5,504

 
$
55

 
$
(17
)
 
$
5,542

Auction rate securities
109

 
—

 
(12
)
 
97

Mortgage-backed securities
1,337

 
7

 
(8
)
 
1,336

U.S. government and agency securities
3,138

 
7

 
(29
)
 
3,116

Foreign government and agency securities
67

 
—

 
—

 
67

Certificates of deposit
54

 
—

 
—

 
54

Other asset-backed securities
540

 
2

 
—

 
542

Debt funds
2,143

 
9

 
(29
)
 
2,123

Marketable equity securities
47

 
15

 
(13
)
 
49

Trading securities:
 

 
 

 
 

 
 

Exchange-traded funds
54

 
13

 
—

 
67

Cost method, equity method, and other investments
666

 
—

 
—

 
NA

Total
$
13,659

 
$
108

 
$
(108
)
 
$
12,993
Information Regarding Available-for-sale and Trading Securities
Information regarding the Company’s condensed consolidated balance sheet presentation at July 25, 2014 and April 25, 2014 is as follows:
 
July 25, 2014
 
April 25, 2014
(in millions)
Investments
 
Other Assets
 
Investments
 
Other Assets
Available-for-sale securities
$
12,557

 
$
195

 
$
12,771

 
$
155

Trading securities
69

 
—

 
67

 
—

Cost method, equity method, and other investments
—

 
618

 
—

 
666

Total
$
12,626

 
$
813

 
$
12,838

 
$
821
Gross Unrealized Losses and Fair Values of Available-for-sale Securities that Have Been in a Continuous Unrealized Loss Position Deemed to be Temporary for Less than 12 Months and for More than 12 months, Aggregated by Investment Category
The following tables show the gross unrealized losses and fair values of the Company’s available-for-sale securities that have been in a continuous unrealized loss position deemed to be temporary, aggregated by investment category as of July 25, 2014 and April 25, 2014:
 
July 25, 2014
 
Less than 12 months
 
More than 12 months
(in millions)
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Corporate debt securities
$
1,200

 
$
(5
)
 
$
273

 
$
(5
)
Auction rate securities
—

 
—

 
99

 
(10
)
Mortgage-backed securities
353

 
(3
)
 
333

 
(5
)
U.S. government and agency securities
754

 
(1
)
 
784

 
(21
)
Debt funds
454

 
(1
)
 
141

 
(7
)
Marketable equity securities
21

 
(17
)
 
—

 
—

Total
$
2,782

 
$
(27
)
 
$
1,630

 
$
(48
)
 
April 25, 2014
 
Less than 12 months
 
More than 12 months
(in millions)
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Corporate debt securities
$
1,601

 
$
(14
)
 
$
50

 
$
(3
)
Auction rate securities
—

 
—

 
97

 
(12
)
Mortgage-backed securities
682

 
(7
)
 
28

 
(1
)
U.S. government and agency securities
1,500

 
(27
)
 
46

 
(2
)
Debt funds
1,224

 
(29
)
 
—

 
—

Marketable equity securities
25

 
(13
)
 
—

 
—

Total
$
5,032

 
$
(90
)
 
$
221

 
$
(18
)
Activity Related to Short-term and Long-term Investment Portfolio
Activity related to the Company’s investment portfolio is as follows:
 
Three months ended
 
July 25, 2014
 
July 26, 2013
(in millions)
Debt (a)
 
Equity (b)
 
Debt (a)
 
Equity (b)
Proceeds from sales
$
1,830

 
$
23

 
$
2,163

 
$
32

Gross realized gains
11

 
19

 
6

 
18

Gross realized losses
(3
)
 
—

 
(5
)
 
—

Impairment losses recognized
—

 
(1
)
 
—

 
—

(a) Includes available-for-sale debt securities.
(b) Includes marketable equity securities, cost method, equity method, exchange-traded funds, and other investments.
Schedule of Available-for-sale Securities Contractual Maturities
(in millions)
July 25, 2014
Due in one year or less
$
1,426

Due after one year through five years
5,961

Due after five years through ten years
2,689

Due after ten years
141

Total
$
10,217