v3.26.1
Financial Instruments (Tables)
 12 Months Ended
Apr. 24, 2026
Investments [Abstract]  
Schedule of Investments in Available-for-Sale Debt Securities by Significant Investment Category and Related Consolidated Balance Sheet Classification The following tables summarize the Company's investments in available-for-sale debt securities by significant investment category and the related consolidated balance sheet classification at April 24, 2026 and April 25, 2025:
April 24, 2026
ValuationBalance Sheet Classification
(in millions)CostUnrealized
Gains		Unrealized
Losses		Fair ValueInvestmentsOther Assets
Level 1:
U.S. government and agency securities$420 $— $(4)$416 $416 $— 
Level 2:
Corporate debt securities4,041 25 (15)4,050 4,050 — 
U.S. government and agency securities812 — (9)803 803 — 
Mortgage-backed securities852 8 (18)842 842 — 
Non-U.S. government and agency securities23 — — 23 23 — 
Other asset-backed securities1,121 4 (7)1,118 1,118 — 
Total Level 26,849 37 (49)6,837 6,837 — 
Level 3:
Auction rate securities36 — (2)34 — 34 
Total available-for-sale debt securities$7,305 $37 $(56)$7,287 $7,253 $34 
April 25, 2025
ValuationBalance Sheet Classification
(in millions)CostUnrealized
Gains		Unrealized
Losses		Fair ValueInvestmentsOther Assets
Level 1:
U.S. government and agency securities$417 $— $(7)$410 $410 $— 
Level 2:
Corporate debt securities3,540 17 (36)3,521 3,521 — 
U.S. government and agency securities835 — (20)814 814 — 
Mortgage-backed securities948 4 (29)923 923 — 
Non-U.S. government and agency securities6 — — 6 6 — 
Other asset-backed securities1,044 5 (6)1,044 1,044 — 
Total Level 26,373 26 (91)6,308 6,308 — 
Level 3:
Auction rate securities36 — (3)33 — 33 
Total available-for-sale debt securities$6,826 $26 $(100)$6,752 $6,719 $33 
Schedule of Gross Unrealized Losses and Fair Values of Available-for-Sale Securities, Aggregated by Investment Category
The following tables present the gross unrealized losses and fair values of the Company’s available-for-sale debt securities that have been in a continuous unrealized loss position deemed to be temporary, aggregated by investment category at April 24, 2026 and April 25, 2025:
 April 24, 2026
 Less than 12 monthsMore than 12 months
(in millions)Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
Corporate debt securities$653 $(3)$1,110 $(12)
U.S. government and agency securities313 (4)434 (9)
Mortgage-backed securities— — 335 (18)
Other asset-backed securities— — 440 (7)
Auction rate securities— — 34 (2)
Total$966 $(7)$2,353 $(48)
 April 25, 2025
 Less than 12 monthsMore than 12 months
(in millions)Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
Corporate debt securities$702 $(7)$1,235 $(29)
U.S. government and agency securities110 (1)641 (25)
Mortgage-backed securities2 (1)614 (28)
Other asset-backed securities— — 469 (6)
Auction rate securities— — 33 (3)
Total$814 $(9)$2,993 $(91)
Schedule of Available-for-Sale Debt Securities by Contractual Maturity
The contractual maturities of available-for-sale debt securities at April 24, 2026 are shown in the following table. Within the table, maturities of mortgage-backed securities have been allocated based upon timing of estimated cash flows assuming no change in the current interest rate environment. Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.
(in millions)Amortized CostFair Value
Due in one year or less$1,803 $1,796 
Due after one year through five years2,970 2,972 
Due after five years through ten years1,058 1,061 
Due after ten years1,474 1,458 
Total$7,305 $7,287 
Schedule of Equity and Other Investments
The following table summarizes the Company's equity and other investments and related accrued interest receivable at April 24, 2026 and April 25, 2025, which are classified as primarily other assets in the consolidated balance sheets:
(in millions)April 24, 2026April 25, 2025
Investments with readily determinable fair value (marketable equity securities)$130 $17 
Investments for which the fair value option has been elected— 140 
Investments without readily determinable fair values616 705 
Equity method and other investments78 89 
Total equity and other investments$824 $951 
Schedule of Gain (Loss) on Securities
The table below includes activity related to the Company's portfolio of equity and other investments. The activity for fiscal year 2024 was not material. Gains and losses on equity and other investments are recognized in other non-operating expense (income), net in the consolidated statements of income.
Fiscal Year
(in millions)20262025
Proceeds from sales$139 $308 
Gross gains122 108 
Gross losses(182)(204)
Interest income35 — 
Impairment losses recognized(71)(135)
Schedule of Available-for-Sale Securities Reconciliation
The following table provides a reconciliation of the beginning and ending balances of the Mozarc investment for which the fair value option has been elected:
Fiscal Year
(in millions)20262025
Beginning balance$140 $311 
Additions7 — 
Settlements(7)— 
Change in fair value(140)(171)
Ending balance$— $140