v2.4.1.9

Financing Receivables and Operating Leases (Tables) | 9 Months Ended
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Apr. 25, 2015
Receivables [Abstract] |
Financing Receivables | A summary of the Company's financing receivables is presented as follows (in millions):
April 25, 2015 | Lease Receivables |  | Loan Receivables |  | Financed Service Contracts and Other |  | Total
Gross | $ | 3,276 |  |  | $ | 1,720 |  |  | $ | 3,081 |  |  | $ | 8,077 |
Residual value | 226 |  |  | — |  |  | — |  |  | 226 |
Unearned income | (190 | ) |  | — |  |  | — |  |  | (190 | )
Allowance for credit loss | (242 | ) |  | (80 | ) |  | (37 | ) |  | (359 | )
Total, net | $ | 3,070 |  |  | $ | 1,640 |  |  | $ | 3,044 |  |  | $ | 7,754 |
Reported as: |  |  |  |  |  |  |
Current | $ | 1,424 |  |  | $ | 820 |  |  | $ | 2,004 |  |  | $ | 4,248 |
Noncurrent | 1,646 |  |  | 820 |  |  | 1,040 |  |  | 3,506 |
Total, net | $ | 3,070 |  |  | $ | 1,640 |  |  | $ | 3,044 |  |  | $ | 7,754 |
July 26, 2014 | Lease Receivables |  | Loan Receivables |  | Financed Service Contracts and Other |  | Total
Gross | $ | 3,532 |  |  | $ | 1,683 |  |  | $ | 3,210 |  |  | $ | 8,425 |
Residual value | 233 |  |  | — |  |  | — |  |  | 233 |
Unearned income | (238 | ) |  | — |  |  | — |  |  | (238 | )
Allowance for credit loss | (233 | ) |  | (98 | ) |  | (18 | ) |  | (349 | )
Total, net | $ | 3,294 |  |  | $ | 1,585 |  |  | $ | 3,192 |  |  | $ | 8,071 |
Reported as: |  |  |  |  |  |  |
Current | $ | 1,476 |  |  | $ | 728 |  |  | $ | 1,949 |  |  | $ | 4,153 |
Noncurrent | 1,818 |  |  | 857 |  |  | 1,243 |  |  | 3,918 |
Total, net | $ | 3,294 |  |  | $ | 1,585 |  |  | $ | 3,192 |  |  | $ | 8,071 |
Contractual Maturities Of The Gross Lease Receivables | Future minimum lease payments at April 25, 2015 are summarized as follows (in millions):
Fiscal Year | Amount
2015 (remaining three months) | $ | 498 |
2016 | 1,349 |
2017 | 857 |
2018 | 406 |
2019 | 146 |
Thereafter | 20 |
Total | $ | 3,276 |
Schedule Of Internal Credit Risk Rating For Each Portfolio Segment And Class | Gross receivables less unearned income categorized by the Company’s internal credit risk rating as of April 25, 2015 and July 26, 2014 are summarized as follows (in millions):
| INTERNAL CREDIT RISK RATING
April 25, 2015 | 1 to 4 |  | 5 to 6 |  | 7 and Higher |  | Total
Lease receivables | $ | 1,590 |  |  | $ | 1,371 |  |  | $ | 125 |  |  | $ | 3,086 |
Loan receivables | 755 |  |  | 816 |  |  | 149 |  |  | 1,720 |
Financed service contracts and other | 1,650 |  |  | 1,371 |  |  | 60 |  |  | 3,081 |
Total | $ | 3,995 |  |  | $ | 3,558 |  |  | $ | 334 |  |  | $ | 7,887 |
| INTERNAL CREDIT RISK RATING
July 26, 2014 | 1 to 4 |  | 5 to 6 |  | 7 and Higher |  | Total
Lease receivables | $ | 1,615 |  |  | $ | 1,538 |  |  | $ | 141 |  |  | $ | 3,294 |
Loan receivables | 953 |  |  | 593 |  |  | 137 |  |  | 1,683 |
Financed service contracts and other | 1,744 |  |  | 1,367 |  |  | 99 |  |  | 3,210 |
Total | $ | 4,312 |  |  | $ | 3,498 |  |  | $ | 377 |  |  | $ | 8,187 |
Schedule Of Financing Receivables By Portfolio Segment And Class Aging Analysis | The following tables present the aging analysis of gross receivables less unearned income as of April 25, 2015 and July 26, 2014 (in millions):
| DAYS PAST DUE (INCLUDES BILLED AND UNBILLED) |  |  |  |  |  |  |  |
April 25, 2015 | 31-60 |  | 61-90 |  | 91+ |  | Total Past Due |  | Current |  | Total |  | Nonaccrual Financing Receivables |  | Impaired Financing Receivables
Lease receivables | $ | 102 |  |  | $ | 48 |  |  | $ | 138 |  |  | $ | 288 |  |  | $ | 2,798 |  |  | $ | 3,086 |  |  | $ | 38 |  |  | $ | 38 |
Loan receivables | 12 |  |  | 15 |  |  | 56 |  |  | 83 |  |  | 1,637 |  |  | 1,720 |  |  | 29 |  |  | 29 |
Financed service contracts and other | 99 |  |  | 88 |  |  | 309 |  |  | 496 |  |  | 2,585 |  |  | 3,081 |  |  | 32 |  |  | 12 |
Total | $ | 213 |  |  | $ | 151 |  |  | $ | 503 |  |  | $ | 867 |  |  | $ | 7,020 |  |  | $ | 7,887 |  |  | $ | 99 |  |  | $ | 79 |
| DAYS PAST DUE (INCLUDES BILLED AND UNBILLED) |  |  |  |  |  |  |  |
July 26, 2014 | 31-60 |  | 61-90 |  | 91+ |  | Total Past Due |  | Current |  | Total |  | Nonaccrual Financing Receivables |  | Impaired Financing Receivables
Lease receivables | $ | 63 |  |  | $ | 46 |  |  | $ | 202 |  |  | $ | 311 |  |  | $ | 2,983 |  |  | $ | 3,294 |  |  | $ | 48 |  |  | $ | 41 |
Loan receivables | 3 |  |  | 21 |  |  | 27 |  |  | 51 |  |  | 1,632 |  |  | 1,683 |  |  | 19 |  |  | 19 |
Financed service contracts and other | 268 |  |  | 230 |  |  | 220 |  |  | 718 |  |  | 2,492 |  |  | 3,210 |  |  | 12 |  |  | 9 |
Total | $ | 334 |  |  | $ | 297 |  |  | $ | 449 |  |  | $ | 1,080 |  |  | $ | 7,107 |  |  | $ | 8,187 |  |  | $ | 79 |  |  | $ | 69 |
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 April 25, 2015 | Lease Receivables |  | Loan Receivables |  | Financed Service Contracts and Other |  | Total
Allowance for credit loss as of January 24, 2015 | $ | 250 |  |  | $ | 85 |  |  | $ | 40 |  |  | $ | 375 |
Provisions | (4 | ) |  | (5 | ) |  | (2 | ) |  | (11 | )
Recoveries (write-offs), net | (1 | ) |  | — |  |  | — |  |  | (1 | )
Foreign exchange and other | (3 | ) |  | — |  |  | (1 | ) |  | (4 | )
Allowance for credit loss as of April 25, 2015 | $ | 242 |  |  | $ | 80 |  |  | $ | 37 |  |  | $ | 359 |
Financing receivables as of April 25, 2015 (1) | $ | 3,312 |  |  | $ | 1,720 |  |  | $ | 3,081 |  |  | $ | 8,113 |
| CREDIT LOSS ALLOWANCES
Nine Months Ended April 25, 2015 | Lease Receivables |  | Loan Receivables |  | Financed Service Contracts and Other |  | Total
Allowance for credit loss as of July 26, 2014 | $ | 233 |  |  | $ | 98 |  |  | $ | 18 |  |  | $ | 349 |
Provisions | 25 |  |  | (15 | ) |  | 21 |  |  | 31 |
Recoveries (write-offs), net | (6 | ) |  | 1 |  |  | — |  |  | (5 | )
Foreign exchange and other | (10 | ) |  | (4 | ) |  | (2 | ) |  | (16 | )
Allowance for credit loss as of April 25, 2015 | $ | 242 |  |  | $ | 80 |  |  | $ | 37 |  |  | $ | 359 |
| CREDIT LOSS ALLOWANCES
Three Months Ended April 26, 2014 | Lease Receivables |  | Loan Receivables |  | Financed Service Contracts and Other |  | Total
Allowance for credit loss as of January 25, 2014 | $ | 254 |  |  | $ | 98 |  |  | $ | 22 |  |  | $ | 374 |
Provisions | (6 | ) |  | (10 | ) |  | (2 | ) |  | (18 | )
Recoveries (write-offs), net | (1 | ) |  | 4 |  |  | (1 | ) |  | 2 |
Foreign exchange and other | 2 |  |  | — |  |  | — |  |  | 2 |
Allowance for credit loss as of April 26, 2014 | $ | 249 |  |  | $ | 92 |  |  | $ | 19 |  |  | $ | 360 |
Financing receivables as of April 26, 2014 (1) | $ | 3,537 |  |  | $ | 1,621 |  |  | $ | 2,810 |  |  | $ | 7,968 |
| CREDIT LOSS ALLOWANCES
Nine Months Ended April 26, 2014 | Lease Receivables |  | Loan Receivables |  | Financed Service Contracts and Other |  | Total
Allowance for credit loss as of July 27, 2013 | $ | 238 |  |  | $ | 86 |  |  | $ | 20 |  |  | $ | 344 |
Provisions | 9 |  |  | 5 |  |  | — |  |  | 14 |
Recoveries (write-offs), net | — |  |  | 4 |  |  | (1 | ) |  | 3 |
Foreign exchange and other | 2 |  |  | (3 | ) |  | — |  |  | (1 | )
Allowance for credit loss as of April 26, 2014 | $ | 249 |  |  | $ | 92 |  |  | $ | 19 |  |  | $ | 360 |
(1) Total financing receivables before allowance for credit loss.
Schedule of Property Subject to or Available for Operating Lease | Amounts relating to equipment on operating lease assets and the associated accumulated depreciation are summarized as follows (in millions):
| April 25, 2015 |  | July 26, 2014
Operating lease assets | $ | 359 |  |  | $ | 362 |
Accumulated depreciation | (195 | ) |  | (202 | )
Operating lease assets, net | $ | 164 |  |  | $ | 160 |

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- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953423-111524 + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953659-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 + Details
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- Definition The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=25496975&loc=d3e45377-112738 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6452767&loc=d3e37045-112695 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 47 -URI http://asc.fasb.org/extlink&oid=6584217&loc=d3e38847-112698 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=25496975&loc=d3e45424-112738 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6453916&loc=d3e41460-112716 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6453916&loc=d3e41457-112716 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=25496975&loc=d3e45437-112738 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6454179&loc=d3e41551-112718 + Details
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- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953401-111524 + Details
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- Definition Tabular disclosure of lessor's property under leasing agreements and property available for lease (not currently under lease) by property class, the gross amount, accumulated depreciation and net amount of as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6454179&loc=d3e41551-112718 + Details
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