v3.26.1
Financial Instruments (Tables)
 3 Months Ended
Jul. 31, 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 condensed consolidated balance sheet classification at July 31, 2026 and April 24, 2026:
    
July 31, 2026
ValuationBalance Sheet Classification
(in millions)CostUnrealized
Gains		Unrealized
Losses		Fair ValueInvestmentsOther Assets
Level 1:
U.S. government and agency securities$366 $— $(5)$362 $362 $— 
Level 2:
Corporate debt securities4,034 7 (39)4,002 4,002 — 
U.S. government and agency securities764 — (7)757 757 — 
Mortgage-backed securities850 3 (23)830 830 — 
Non-U.S. government and agency securities22 — — 22 22 — 
Other asset-backed securities1,151 2 (10)1,143 1,143 — 
Total Level 26,822 12 (80)6,754 6,754 — 
Level 3:
Auction rate securities36 — (2)34 — 34 
Total available-for-sale debt securities$7,225 $12 $(87)$7,150 $7,116 $34 
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 
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 July 31, 2026 and April 24, 2026:
July 31, 2026
Less than 12 monthsMore than 12 months
(in millions)Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
Corporate debt securities$655 $(3)$2,200 $(37)
U.S. government and agency securities397 (5)290 (7)
Mortgage-backed securities51 (1)525 (22)
Other asset-backed securities— — 515 (10)
Auction rate securities11 (1)22 (2)
Total$1,114 $(9)$3,553 $(78)
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)
Schedule of Available-for-Sale Debt Securities by Contractual Maturity
The contractual maturities of available-for-sale debt securities at July 31, 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$1,982 $1,973 
Due after one year through five years3,235 3,209 
Due after five years through ten years1,497 1,482 
Due after ten years511 486 
Total$7,225 $7,150 
Schedule of Equity and Other Investments
The following table summarizes the Company's equity and other investments and related accrued interest receivable at July 31, 2026 and April 24, 2026, which are classified primarily as other assets in the consolidated balance sheets:
(in millions)July 31, 2026April 24, 2026
Investments with readily determinable fair value (marketable equity securities)$163 $130 
Investments without readily determinable fair values679 616 
Equity method and other investments72 78 
Total equity and other investments$914 $824 
Schedule of Gain (Loss) on Securities
The table below includes activity related to the Company's portfolio of equity and other investments. Gains, losses, impairments, and interest income on equity and other investments are recognized in other non-operating expense (income), net in the consolidated statements of income.
Three months ended
(in millions)July 31, 2026July 25, 2025
Proceeds from sales$24 $17 
Gross gains68 7 
Gross losses(2)(93)
Impairment losses recognized(1)(26)