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Investments (Tables)
 6 Months Ended
Oct. 24, 2014
Investments [Abstract]  
Information Regarding Short-term and Long-term Investments
Information regarding the Company’s investments at October 24, 2014 is as follows:
(in millions)
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
Available-for-sale securities:
 

 
 

 
 

 
 

Corporate debt securities
$
5,596

 
$
69

 
$
(12
)
 
$
5,653

Auction rate securities
109

 
—

 
(10
)
 
99

Mortgage-backed securities
1,257

 
13

 
(6
)
 
1,264

U.S. government and agency securities
2,868

 
11

 
(19
)
 
2,860

Foreign government and agency securities
80

 
—

 
—

 
80

Certificates of deposit
46

 
—

 
—

 
46

Other asset-backed securities
469

 
2

 
—

 
471

Debt funds
2,775

 
22

 
(55
)
 
2,742

Marketable equity securities
41

 
18

 
(13
)
 
46

Trading securities:
 

 
 

 
 

 
 

Exchange-traded funds
56

 
14

 
—

 
70

Cost method, equity method, and other investments
563

 
—

 
—

 
NA

Total
$
13,860

 
$
149

 
$
(115
)
 
$
13,331

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 sheets presentation at October 24, 2014 and April 25, 2014 is as follows:
 
October 24, 2014
 
April 25, 2014
(in millions)
Investments
 
Other Assets
 
Investments
 
Other Assets
Available-for-sale securities
$
13,107

 
$
154

 
$
12,771

 
$
155

Trading securities
70

 
—

 
67

 
—

Cost method, equity method, and other investments
—

 
563

 
—

 
666

Total
$
13,177

 
$
717

 
$
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 October 24, 2014 and April 25, 2014:
 
October 24, 2014
 
Less than 12 months
 
More than 12 months
(in millions)
Fair Value
 
Unrealized
Losses
 
Fair Value
 
Unrealized
Losses
Corporate debt securities
$
1,305

 
$
(8
)
 
$
97

 
$
(4
)
Auction rate securities
—

 
—

 
99

 
(10
)
Mortgage-backed securities
327

 
(2
)
 
311

 
(4
)
U.S. government and agency securities
368

 
(1
)
 
681

 
(18
)
Debt funds
1,372

 
(40
)
 
133

 
(15
)
Marketable equity securities
17

 
(13
)
 
—

 
—

Total
$
3,389

 
$
(64
)
 
$
1,321

 
$
(51
)
 
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
 
October 24, 2014
 
October 25, 2013
(in millions)
Debt (a)
 
Equity (b)
 
Debt (a)
 
Equity (b)
Proceeds from sales
$
806

 
$
7

 
$
2,072

 
$
24

Gross realized gains
4

 
39

 
—

 
15

Gross realized losses
(2
)
 
—

 
(1
)
 
—

Impairment losses recognized
—

 
(20
)
 
—

 
—

 
 
 
 
 
 
 
 
 
Six months ended
 
October 24, 2014
 
October 25, 2013
(in millions)
Debt (a)
 
Equity (b)
 
Debt (a)
 
Equity (b)
Proceeds from sales
$
2,636

 
$
29

 
$
4,235

 
$
56

Gross realized gains
16

 
58

 
6

 
33

Gross realized losses
(5
)
 
—

 
(6
)
 
—

Impairment losses recognized
—

 
(20
)
 
—

 
—

(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)
October 24, 2014
Due in one year or less
$
1,714

Due after one year through five years
6,046

Due after five years through ten years
2,559

Due after ten years
154

Total
$
10,473