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Derivative Instruments (Tables)
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3 Months Ended |
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Oct. 26, 2013
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] |
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| Derivatives Recorded At Fair Value |
The fair values of the Company’s derivative instruments and the line items on the Consolidated Balance Sheets to which they were recorded are summarized as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | DERIVATIVE ASSETS | | DERIVATIVE LIABILITIES | | Balance Sheet Line Item | | October 26,
2013 | | July 27,
2013 | | Balance Sheet Line Item | | October 26,
2013 | | July 27,
2013 | Derivatives designated as hedging instruments: | | | | | | | | | | | | Foreign currency derivatives | Other current assets | | $ | 57 |
| | $ | 33 |
| | Other current liabilities | | $ | 10 |
| | $ | 7 |
| Interest rate derivatives | Other assets | | 164 |
| | 147 |
| | Other long-term liabilities | | — |
| | 2 |
| Equity derivatives | Other current assets | | — |
| | — |
| | Other current liabilities | | 122 |
| | 155 |
| Total | | | 221 |
| | 180 |
| | | | 132 |
| | 164 |
| Derivatives not designated as hedging instruments: | | | | | | | | | | | | Foreign currency derivatives | Other current assets | | 3 |
| | 2 |
| | Other current liabilities | | 13 |
| | 7 |
| Total | | | $ | 224 |
| | $ | 182 |
| | | | $ | 145 |
| | $ | 171 |
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| Gains And Losses On Derivatives Designated As Cash Flow Hedges |
The effects of the Company’s cash flow and net investment hedging instruments on OCI and the Consolidated Statements of Operations are summarized as follows (in millions): | | | | | | | | | | | | | | | | | | | | GAINS (LOSSES) RECOGNIZED IN OCI ON DERIVATIVES FOR THE THREE MONTHS ENDED (EFFECTIVE PORTION) | | GAINS (LOSSES) RECLASSIFIED FROM AOCI INTO INCOME FOR THE THREE MONTHS ENDED (EFFECTIVE PORTION) | Derivatives designated as cash flow hedging instruments: | | October 26,
2013 | | October 27,
2012 | | Line Item in Statements of Operations | | October 26,
2013 | | October 27,
2012 | Foreign currency derivatives | | $ | 38 |
| | $ | 66 |
| | Operating expenses | | $ | 7 |
| | $ | (4 | ) | | | | | | | Cost of sales - service | | 2 |
| | (1 | ) | Total | | $ | 38 |
| | $ | 66 |
| | | | $ | 9 |
| | $ | (5 | ) | | | | | | | | | | | | Derivatives designated as net investment hedging instruments: | | | | | | | | | | | Foreign currency derivatives | | $ | (19 | ) | | $ | (24 | ) | | Other income (loss), net | | $ | — |
| | $ | — |
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| Schedule Of Derivative Fair Value Hedge Instruments Gain Loss In Statement Of Financial Performance [Text Block] |
The effect on the Consolidated Statements of Operations of derivative instruments designated as fair value hedges and the underlying hedged items is summarized as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | GAINS (LOSSES) ON DERIVATIVES INSTRUMENTS FOR THE THREE MONTHS ENDED | | GAINS (LOSSES) RELATED TO HEDGED ITEMS FOR THE THREE MONTHS ENDED | Derivatives Designated as Fair Value Hedging Instruments | | Line Item in Statements of Operations | | October 26,
2013 | | October 27,
2012 | | October 26,
2013 | | October 27,
2012 | Equity derivatives | | Other income (loss), net | | $ | (35 | ) | | $ | (3 | ) | | $ | 35 |
| | $ | 3 |
| Interest rate derivatives | | Interest expense | | 18 |
| | (18 | ) | | (20 | ) | | 18 |
| Total | | | | $ | (17 | ) | | $ | (21 | ) | | $ | 15 |
| | $ | 21 |
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| Effect Of Derivative Instruments Not Designated As Hedges On Consolidated Statement Of Operations Summary |
The effect on the Consolidated Statements of Operations of derivative instruments not designated as hedges is summarized as follows (in millions): | | | | | | | | | | | | | | | | GAINS (LOSSES) FOR THE THREE MONTHS ENDED | Derivatives Not Designated as Hedging Instruments | | Line Item in Statements of Operations | | October 26,
2013 | | October 27,
2012 | Foreign currency derivatives | | Other income (loss), net | | $ | 43 |
| | $ | 53 |
| Total return swaps - deferred compensation | | Operating expenses | | 17 |
| | 14 |
| Equity derivatives | | Other income (loss), net | | 11 |
| | 9 |
| Total | | | | $ | 71 |
| | $ | 76 |
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| Schedule Of Notional Amounts Of Derivatives Outstanding |
The notional amounts of the Company’s outstanding derivatives are summarized as follows (in millions): | | | | | | | | | | October 26,
2013 | | July 27,
2013 | Derivatives designated as hedging instruments: | | | | Foreign currency derivatives - cash flow hedges | $ | 1,772 |
| | $ | 1,885 |
| Interest rate derivatives | 5,750 |
| | 5,250 |
| Net investment hedging instruments | 577 |
| | 662 |
| Equity derivatives | 779 |
| | 1,098 |
| Derivatives not designated as hedging instruments: | | | | Foreign currency derivatives | 3,526 |
| | 3,739 |
| Total return swaps-deferred compensation | 396 |
| | 358 |
| Total | $ | 12,800 |
| | $ | 12,992 |
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| Offsetting Assets [Table Text Block] |
As of October 26, 2013 and July 27, 2013, information related to these offsetting arrangements was as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | October 26, 2013 | | DERIVATIVES OFFSET IN BALANCE SHEET | | DERIVATIVES ELIGIBLE FOR OFFSETTING | | Gross Derivative Amounts | | Gross Derivative Amounts Offset in Balance Sheet | | Net Amount | | Gross Derivative Amounts | | Gross Derivative Amounts Eligible for Offsetting | | Net Amount | Fair value of assets | $ | 224 |
| | $ | — |
| | $ | 224 |
| | $ | 224 |
| | $ | (99 | ) | | $ | 125 |
| Fair value of liabilities | $ | 145 |
| | $ | — |
| | $ | 145 |
| | $ | 145 |
| | $ | (99 | ) | | $ | 46 |
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| | | | | | | | | | | | | | | | | | | | | | | | | | July 27, 2013 | | DERIVATIVES OFFSET IN BALANCE SHEET | | DERIVATIVES ELIGIBLE FOR OFFSETTING | | Gross Derivative Amounts | | Gross Derivative Amounts Offset in Balance Sheet | | Net Amount | | Gross Derivative Amounts | | Gross Derivative Amounts Eligible for Offsetting | | Net Amount | Fair value of assets | $ | 182 |
| | $ | — |
| | $ | 182 |
| | $ | 182 |
| | $ | (120 | ) | | $ | 62 |
| Fair value of liabilities | $ | 171 |
| | $ | — |
| | $ | 171 |
| | $ | 171 |
| | $ | (120 | ) | | $ | 51 |
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