v3.26.1
Financing Arrangements (Tables)
12 Months Ended
Apr. 24, 2026
Debt Disclosure [Abstract]  
Carrying Value of Long-Term Debt

The following table summarizes information relating to our long-term debt, which we collectively refer to as our Senior Notes (in millions, except interest rates):

 

 

Effective Interest Rate

 

April 24, 2026

 

 

April 25, 2025

 

1.875% Senior Notes Due June 2025

 

2.03%

 

$

 

 

$

750

 

2.375% Senior Notes Due June 2027

 

2.51%

 

 

550

 

 

 

550

 

2.70% Senior Notes Due June 2030

 

2.81%

 

 

700

 

 

 

700

 

5.50% Senior Notes Due March 2032

 

5.71%

 

 

625

 

 

 

625

 

5.70% Senior Notes Due March 2035

 

5.90%

 

 

625

 

 

 

625

 

Total principal amount

 

 

 

 

2,500

 

 

 

3,250

 

Unamortized discount and issuance costs

 

 

 

 

(13

)

 

 

(15

)

Total senior notes

 

 

 

 

2,487

 

 

 

3,235

 

Less: Current portion of long-term debt

 

 

 

 

 

 

 

(750

)

Total long-term debt

 

 

 

$

2,487

 

 

$

2,485

 

Future Principal Debt Maturities

As of April 24, 2026, our aggregate future principal debt maturities are as follows (in millions):

Fiscal Year

 

Amount

 

2027

 

$

 

2028

 

 

550

 

2029

 

 

 

2030

 

 

 

2031

 

 

700

 

Thereafter

 

 

1,250

 

Total

 

$

2,500