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Financing Receivables And Guarantees (Tables)
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3 Months Ended |
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Oct. 26, 2013
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| Financing Receivables And Guarantees [Abstract] |
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| Financing Receivables |
A summary of the Company’s financing receivables is presented as follows (in millions): | | | | | | | | | | | | | | | | | October 26, 2013 | Lease Receivables | | Loan Receivables | | Financed Service Contracts and Other | | Total Financing Receivables | Gross | $ | 3,813 |
| | $ | 1,808 |
| | $ | 3,018 |
| | $ | 8,639 |
| Unearned income | (264 | ) | | — |
| | — |
| | (264 | ) | Allowance for credit loss | (237 | ) | | (93 | ) | | (20 | ) | | (350 | ) | Total, net | $ | 3,312 |
| | $ | 1,715 |
| | $ | 2,998 |
| | $ | 8,025 |
| Reported as: | | | | | | | | Current | $ | 1,463 |
| | $ | 951 |
| | $ | 1,718 |
| | $ | 4,132 |
| Noncurrent | 1,849 |
| | 764 |
| | 1,280 |
| | 3,893 |
| Total, net | $ | 3,312 |
| | $ | 1,715 |
| | $ | 2,998 |
| | $ | 8,025 |
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| | | | | | | | | | | | | | | | | July 27, 2013 | Lease Receivables | | Loan Receivables | | Financed Service Contracts and Other | | Total Financing Receivables | Gross | $ | 3,780 |
| | $ | 1,649 |
| | $ | 3,136 |
| | $ | 8,565 |
| Unearned income | (273 | ) | | — |
| | — |
| | (273 | ) | Allowance for credit loss | (238 | ) | | (86 | ) | | (20 | ) | | (344 | ) | Total, net | $ | 3,269 |
| | $ | 1,563 |
| | $ | 3,116 |
| | $ | 7,948 |
| Reported as: | | | | | | | | Current | $ | 1,418 |
| | $ | 898 |
| | $ | 1,721 |
| | $ | 4,037 |
| Noncurrent | 1,851 |
| | 665 |
| | 1,395 |
| | 3,911 |
| Total, net | $ | 3,269 |
| | $ | 1,563 |
| | $ | 3,116 |
| | $ | 7,948 |
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| Contractual Maturities Of The Gross Lease Receivables |
Contractual maturities of the gross lease receivables at October 26, 2013 are summarized as follows (in millions): | | | | | | Fiscal Year | | Amount | 2014 (remaining nine months) | | $ | 1,338 |
| 2015 | | 1,251 |
| 2016 | | 746 |
| 2017 | | 364 |
| 2018 | | 109 |
| Thereafter | | 5 |
| Total | | $ | 3,813 |
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| Schedule Of Internal Credit Risk Rating For Each Portfolio Segment |
Financing receivables categorized by the Company’s internal credit risk rating as of October 26, 2013 and July 27, 2013 are summarized as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | INTERNAL CREDIT RISK RATING | | | | | | | October 26, 2013 | 1 to 4 | | 5 to 6 | | 7 and Higher | | Total | | Residual Value | | Gross Receivables, Net of Unearned Income | Lease receivables | $ | 1,695 |
| | $ | 1,498 |
| | $ | 104 |
| | $ | 3,297 |
| | $ | 252 |
| | $ | 3,549 |
| Loan receivables | 981 |
| | 777 |
| | 50 |
| | 1,808 |
| | — |
| | 1,808 |
| Financed service contracts and other | 1,792 |
| | 1,110 |
| | 116 |
| | 3,018 |
| | — |
| | 3,018 |
| Total | $ | 4,468 |
| | $ | 3,385 |
| | $ | 270 |
| | $ | 8,123 |
| | $ | 252 |
| | $ | 8,375 |
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| | | | | | | | | | | | | | | | | | | | | | | | | | INTERNAL CREDIT RISK RATING | | | | | | | July 27, 2013 | 1 to 4 | | 5 to 6 | | 7 and Higher | | Total | | Residual Value | | Gross Receivables, Net of Unearned Income | Lease receivables | $ | 1,681 |
| | $ | 1,482 |
| | $ | 93 |
| | $ | 3,256 |
| | $ | 251 |
| | $ | 3,507 |
| Loan receivables | 842 |
| | 777 |
| | 30 |
| | 1,649 |
| | — |
| | 1,649 |
| Financed service contracts and other | 1,876 |
| | 1,141 |
| | 119 |
| | 3,136 |
| | — |
| | 3,136 |
| Total | $ | 4,399 |
| | $ | 3,400 |
| | $ | 242 |
| | $ | 8,041 |
| | $ | 251 |
| | $ | 8,292 |
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| Schedule Of Financing Receivables By Portfolio Segment And Class Aging Analysis |
The following tables present the aging analysis of financing receivables as of October 26, 2013 and July 27, 2013 (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | DAYS PAST DUE (INCLUDES BILLED AND UNBILLED) | | | | | | | | | October 26, 2013 | 31-60 | | 61-90 | | 91+ | | Total Past Due | | Current | | Gross Receivables, Net of Unearned Income | | Nonaccrual Financing Receivables | | Impaired Financing Receivables | Lease receivables | $ | 135 |
| | $ | 60 |
| | $ | 148 |
| | $ | 343 |
| | $ | 3,206 |
| | $ | 3,549 |
| | $ | 28 |
| | $ | 24 |
| Loan receivables | 28 |
| | 2 |
| | 16 |
| | 46 |
| | 1,762 |
| | 1,808 |
| | 7 |
| | 17 |
| Financed service contracts and other | 85 |
| | 41 |
| | 277 |
| | 403 |
| | 2,615 |
| | 3,018 |
| | 12 |
| | 11 |
| Total | $ | 248 |
| | $ | 103 |
| | $ | 441 |
| | $ | 792 |
| | $ | 7,583 |
| | $ | 8,375 |
| | $ | 47 |
| | $ | 52 |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | DAYS PAST DUE (INCLUDES BILLED AND UNBILLED) | | | | | | | | | July 27, 2013 | 31-60 | | 61-90 | | 91+ | | Total Past Due | | Current | | Gross Receivables, Net of Unearned Income | | Nonaccrual Financing Receivables | | Impaired Financing Receivables | Lease receivables | $ | 85 |
| | $ | 48 |
| | $ | 124 |
| | $ | 257 |
| | $ | 3,250 |
| | $ | 3,507 |
| | $ | 27 |
| | $ | 22 |
| Loan receivables | 6 |
| | 3 |
| | 11 |
| | 20 |
| | 1,629 |
| | 1,649 |
| | 11 |
| | 9 |
| Financed service contracts and other | 75 |
| | 48 |
| | 392 |
| | 515 |
| | 2,621 |
| | 3,136 |
| | 18 |
| | 11 |
| Total | $ | 166 |
| | $ | 99 |
| | $ | 527 |
| | $ | 792 |
| | $ | 7,500 |
| | $ | 8,292 |
| | $ | 56 |
| | $ | 42 |
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| Allowance For Credit Loss And Related Financing Receivables |
The allowances for credit loss and the related financing receivables are summarized as follows (in millions):
| | | | | | | | | | | | | | | | | | CREDIT LOSS ALLOWANCES | Three Months Ended October 26, 2013 | Lease Receivables | | Loan Receivables | | Financed Service Contracts and Other | | Total | Allowance for credit loss as of July 27, 2013 | $ | 238 |
| | $ | 86 |
| | $ | 20 |
| | $ | 344 |
| Provisions | (3 | ) | | 6 |
| | — |
| | 3 |
| Foreign exchange and other | 2 |
| | 1 |
| | — |
| | 3 |
| Allowance for credit loss as of October 26, 2013 | $ | 237 |
| | $ | 93 |
| | $ | 20 |
| | $ | 350 |
| Gross receivables as of October 26, 2013, net of unearned income | $ | 3,549 |
| | $ | 1,808 |
| | $ | 3,018 |
| | $ | 8,375 |
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| | | | | | | | | | | | | | | | | | CREDIT LOSS ALLOWANCES | Three Months Ended October 27, 2012 | Lease Receivables | | Loan Receivables | | Financed Service Contracts and Other | | Total | Allowance for credit loss as of July 28, 2012 | $ | 247 |
| | $ | 122 |
| | $ | 11 |
| | $ | 380 |
| Provisions | (2 | ) | | (10 | ) | | 1 |
| | (11 | ) | Foreign exchange and other | 3 |
| | 2 |
| | — |
| | 5 |
| Allowance for credit loss as of October 27, 2012 | $ | 248 |
| | $ | 114 |
| | $ | 12 |
| | $ | 374 |
| Gross receivables as of October 27, 2012, net of unearned income | $ | 3,340 |
| | $ | 1,816 |
| | $ | 2,639 |
| | $ | 7,795 |
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| Financing Guarantees |
The aggregate amounts of financing guarantees outstanding at October 26, 2013 and July 27, 2013, representing the total maximum potential future payments under financing arrangements with third parties along with the related deferred revenue, are summarized in the following table (in millions): | | | | | | | | | | October 26,
2013 | | July 27,
2013 | Maximum potential future payments relating to financing guarantees: | | | | Channel partner | $ | 483 |
| | $ | 438 |
| End user | 223 |
| | 237 |
| Total | $ | 706 |
| | $ | 675 |
| Deferred revenue associated with financing guarantees: | | | | Channel partner | $ | (232 | ) | | $ | (225 | ) | End user | (189 | ) | | (191 | ) | Total | $ | (421 | ) | | $ | (416 | ) | Maximum potential future payments relating to financing guarantees, net of associated deferred revenue | $ | 285 |
| | $ | 259 |
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