v3.26.1
Accumulated Other Comprehensive Loss
 3 Months Ended
Jul. 31, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The following table provides changes in accumulated other comprehensive loss (AOCL), net of tax, and by component:
(in millions)Unrealized (Loss) Gain on Investment SecuritiesCumulative Translation AdjustmentsNet Investment HedgesNet Change in Retirement ObligationsUnrealized (Loss) Gain on Cash Flow HedgesTotal Accumulated Other Comprehensive Loss
April 24, 2026$(15)$(2,447)$(1,024)$(498)$(116)$(4,101)
Other comprehensive income (loss) before reclassifications(47)(479)695 — 163 333 
Reclassifications— — — 1 10 10 
Other comprehensive income (loss)(48)(479)695 1 173 342 
July 31, 2026$(63)$(2,925)$(329)$(499)$57 $(3,759)
(in millions)Unrealized (Loss) Gain on Investment SecuritiesCumulative Translation AdjustmentsNet Investment HedgesNet Change in Retirement ObligationsUnrealized Gain (Loss) on Cash Flow HedgesTotal Accumulated Other Comprehensive Loss
April 25, 2025$(63)$(2,835)$(597)$(640)$(149)$(4,284)
Other comprehensive income (loss) before reclassifications18 348 (559)(1)(134)(327)
Reclassifications1 — — 2 5 8 
Other comprehensive income (loss)19 348 (559)1 (128)(319)
July 25, 2025$(44)$(2,487)$(1,156)$(641)$(276)$(4,604)
The income tax on gains and losses on investment securities and retirement obligations in other comprehensive income (loss) before reclassifications and the income taxes on realized gains and losses on investment securities and gains and losses on defined benefit and pension items reclassified from AOCL during the three months ended July 31, 2026 and July 25, 2025 were not material. For the three months ended July 31, 2026 and July 25, 2025 there was no income tax on cumulative translation adjustments.
The income tax on net investment hedges in other comprehensive income (loss) before reclassifications during the three months ended July 31, 2026 and July 25, 2025, was an expense of $41 million and a benefit of $23 million, respectively. Refer to Note 8 for additional information.
The income tax on unrealized gains and losses on cash flow hedges in other comprehensive income (loss) before reclassifications during the three months ended July 31, 2026 was an expense of $30 million and during the three months ended July 25, 2025, was not material. During
the three months ended July 31, 2026 and July 25, 2025, gains and losses on cash flow hedges reclassified from AOCL were reduced by an immaterial amount of income taxes. Refer to Note 8 for additional information.