v3.26.1
Leases (Tables)
12 Months Ended
Apr. 24, 2026
Leases [Abstract]  
Components of Lease Cost Related to Operating Leases

The components of lease cost related to our operating leases were as follows (in millions):

 

 

 

Year Ended

 

 

 

April 24, 2026

 

 

April 25, 2025

 

Operating lease cost

 

$

52

 

 

$

51

 

Variable lease cost

 

 

15

 

 

 

15

 

Total lease cost

 

$

67

 

 

$

66

 

 

Supplemental Cash Flow Information Related to Operating Leases

The supplemental cash flow information related to our operating leases is as follows (in millions):

 

 

 

Year Ended

 

 

 

April 24, 2026

 

 

April 25, 2025

 

Cash paid for amounts included in the measurement of operating lease liabilities

 

$

49

 

 

$

48

 

ROU assets obtained in exchange for new operating lease obligations

 

$

29

 

 

$

25

 

 

Supplemental Balance Sheet Information Related to Operating Leases

The supplemental balance sheet information related to our operating leases is as follows (in millions, except lease term and discount rate):

 

 

 

April 24, 2026

 

 

April 25, 2025

 

Other non-current assets

 

$

228

 

 

$

241

 

Total operating lease ROU assets

 

$

228

 

 

$

241

 

 

 

 

 

 

 

 

Accrued expenses

 

$

42

 

 

$

40

 

Other long-term liabilities

 

 

204

 

 

 

216

 

Total operating lease liabilities

 

$

246

 

 

$

256

 

 

 

 

 

 

 

 

Weighted Average Remaining Lease Term

 

7.7 years

 

 

8.5 years

 

 

 

 

 

 

 

 

Weighted Average Discount Rate

 

 

3.5

%

 

 

3.4

%

Future Minimum Operating Lease Payments

Future minimum operating lease payments as of April 24, 2026 are as follows (in millions):

 

Fiscal Year

 

 

 

Amount

 

2027

 

 

 

$

47

 

2028

 

 

 

 

43

 

2029

 

 

 

 

38

 

2030

 

 

 

 

32

 

2031

 

 

 

 

30

 

Thereafter

 

 

 

 

93

 

Total lease payments

 

 

 

 

283

 

Less: Interest

 

 

 

 

(37

)

Total

 

 

 

$

246