v3.10.0.1

Financing Receivables and Operating Leases (Tables) | 3 Months Ended
--- | ---
Oct. 27, 2018
Receivables [Abstract] |
Financing Receivables | A summary of our financing receivables is presented as follows (in millions):
October 27, 2018 | Lease Receivables |  | Loan Receivables |  | Financed Service Contracts |  | Total
Gross | $ | 2,511 |  |  | $ | 4,924 |  |  | $ | 2,240 |  |  | $ | 9,675 |
Residual value | 159 |  |  | — |  |  | — |  |  | 159 |
Unearned income | (140 | ) |  | — |  |  | — |  |  | (140 | )
Allowance for credit loss | (131 | ) |  | (60 | ) |  | (8 | ) |  | (199 | )
Total, net | $ | 2,399 |  |  | $ | 4,864 |  |  | $ | 2,232 |  |  | $ | 9,495 |
Reported as: |  |  |  |  |  |  |
Current | $ | 1,143 |  |  | $ | 2,422 |  |  | $ | 1,286 |  |  | $ | 4,851 |
Noncurrent | 1,256 |  |  | 2,442 |  |  | 946 |  |  | 4,644 |
Total, net | $ | 2,399 |  |  | $ | 4,864 |  |  | $ | 2,232 |  |  | $ | 9,495 |
July 28, 2018 | Lease Receivables |  | Loan Receivables |  | Financed Service Contracts |  | Total
Gross | $ | 2,688 |  |  | $ | 4,999 |  |  | $ | 2,326 |  |  | $ | 10,013 |
Residual value | 164 |  |  | — |  |  | — |  |  | 164 |
Unearned income | (141 | ) |  | — |  |  | — |  |  | (141 | )
Allowance for credit loss | (135 | ) |  | (60 | ) |  | (10 | ) |  | (205 | )
Total, net | $ | 2,576 |  |  | $ | 4,939 |  |  | $ | 2,316 |  |  | $ | 9,831 |
Reported as: |  |  |  |  |  |  |
Current | $ | 1,249 |  |  | $ | 2,376 |  |  | $ | 1,324 |  |  | $ | 4,949 |
Noncurrent | 1,327 |  |  | 2,563 |  |  | 992 |  |  | 4,882 |
Total, net | $ | 2,576 |  |  | $ | 4,939 |  |  | $ | 2,316 |  |  | $ | 9,831 |
Contractual Maturities of the Gross Lease Receivables | Future minimum lease payments to Cisco on lease receivables as of October 27, 2018 are summarized as follows (in millions):
Fiscal Year | Amount
2019 (remaining nine months) | $ | 1,105 |
2020 | 614 |
2021 | 478 |
2022 | 231 |
2023 | 78 |
Thereafter | 5 |
Total | $ | 2,511 |
Schedule of Internal Credit Risk Rating for Each Portfolio Segment and Class | Gross receivables, excluding residual value, less unearned income categorized by our internal credit risk rating as of October 27, 2018 and July 28, 2018 are summarized as follows (in millions):
| INTERNAL CREDIT RISK RATING
October 27, 2018 | 1 to 4 |  | 5 to 6 |  | 7 and Higher |  | Total
Lease receivables | $ | 1,238 |  |  | $ | 1,084 |  |  | $ | 49 |  |  | $ | 2,371 |
Loan receivables | 3,122 |  |  | 1,744 |  |  | 58 |  |  | 4,924 |
Financed service contracts | 1,454 |  |  | 768 |  |  | 18 |  |  | 2,240 |
Total | $ | 5,814 |  |  | $ | 3,596 |  |  | $ | 125 |  |  | $ | 9,535 |
| INTERNAL CREDIT RISK RATING
July 28, 2018 | 1 to 4 |  | 5 to 6 |  | 7 and Higher |  | Total
Lease receivables | $ | 1,294 |  |  | $ | 1,199 |  |  | $ | 54 |  |  | $ | 2,547 |
Loan receivables | 3,184 |  |  | 1,752 |  |  | 63 |  |  | 4,999 |
Financed service contracts | 1,468 |  |  | 835 |  |  | 23 |  |  | 2,326 |
Total | $ | 5,946 |  |  | $ | 3,786 |  |  | $ | 140 |  |  | $ | 9,872 |
Schedule of Financing Receivables by Portfolio Segment and Class Aging Analysis | The following tables present the aging analysis of gross receivables, excluding residual value and less unearned income as of October 27, 2018 and July 28, 2018 (in millions):
| DAYS PAST DUE (INCLUDES BILLED AND UNBILLED) |  |  |  |  |  |  |  |
October 27, 2018 | 31-60 |  | 61-90 |  | 91+ |  | Total Past Due |  | Current |  | Total |  | Nonaccrual Financing Receivables |  | Impaired Financing Receivables
Lease receivables | $ | 79 |  |  | $ | 27 |  |  | $ | 121 |  |  | $ | 227 |  |  | $ | 2,144 |  |  | $ | 2,371 |  |  | $ | 5 |  |  | $ | 5 |
Loan receivables | 123 |  |  | 85 |  |  | 348 |  |  | 556 |  |  | 4,368 |  |  | 4,924 |  |  | 29 |  |  | 29 |
Financed service contracts | 102 |  |  | 147 |  |  | 262 |  |  | 511 |  |  | 1,729 |  |  | 2,240 |  |  | 3 |  |  | 3 |
Total | $ | 304 |  |  | $ | 259 |  |  | $ | 731 |  |  | $ | 1,294 |  |  | $ | 8,241 |  |  | $ | 9,535 |  |  | $ | 37 |  |  | $ | 37 |
| DAYS PAST DUE (INCLUDES BILLED AND UNBILLED) |  |  |  |  |  |  |  |
July 28, 2018 | 31-60 |  | 61-90 |  | 91+ |  | Total Past Due |  | Current |  | Total |  | Nonaccrual Financing Receivables |  | Impaired Financing Receivables
Lease receivables | $ | 72 |  |  | $ | 27 |  |  | $ | 155 |  |  | $ | 254 |  |  | $ | 2,293 |  |  | $ | 2,547 |  |  | $ | 9 |  |  | $ | 9 |
Loan receivables | 104 |  |  | 55 |  |  | 252 |  |  | 411 |  |  | 4,588 |  |  | 4,999 |  |  | 30 |  |  | 30 |
Financed service contracts | 138 |  |  | 78 |  |  | 304 |  |  | 520 |  |  | 1,806 |  |  | 2,326 |  |  | 3 |  |  | 3 |
Total | $ | 314 |  |  | $ | 160 |  |  | $ | 711 |  |  | $ | 1,185 |  |  | $ | 8,687 |  |  | $ | 9,872 |  |  | $ | 42 |  |  | $ | 42 |
Allowance for Credit Loss and Related Financing Receivables | The allowances for credit loss and the related financing receivables are summarized as follows (in millions):
Three months ended October 27, 2018 | CREDIT LOSS ALLOWANCES
| Lease Receivables |  | Loan Receivables |  | Financed Service Contracts |  | Total
Allowance for credit loss as of July 28, 2018 | $ | 135 |  |  | $ | 60 |  |  | $ | 10 |  |  | $ | 205 |
Provisions (benefits) | (3 | ) |  | — |  |  | (2 | ) |  | (5 | )
Foreign exchange and other | (1 | ) |  | — |  |  | — |  |  | (1 | )
Allowance for credit loss as of October 27, 2018 | $ | 131 |  |  | $ | 60 |  |  | $ | 8 |  |  | $ | 199 |
Three months ended October 28, 2017 | CREDIT LOSS ALLOWANCES
| Lease Receivables |  | Loan Receivables |  | Financed Service Contracts |  | Total
Allowance for credit loss as of July 29, 2017 | $ | 162 |  |  | $ | 103 |  |  | $ | 30 |  |  | $ | 295 |
Provisions | (2 | ) |  | 2 |  |  | (6 | ) |  | (6 | )
Foreign exchange and other | — |  |  | 1 |  |  | (1 | ) |  | — |
Allowance for credit loss as of October 28, 2017 | $ | 160 |  |  | $ | 106 |  |  | $ | 23 |  |  | $ | 289 |
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):
| October 27, 2018 |  | July 28, 2018
Operating lease assets | $ | 475 |  |  | $ | 356 |
Accumulated depreciation | (333 | ) |  | (238 | )
Operating lease assets, net | $ | 142 |  |  | $ | 118 |
Schedule of Future Minimum Rental Payments for Operating Leases | Minimum future rentals on noncancelable operating leases as of October 27, 2018 are summarized as follows (in millions):
Fiscal Year | Amount
2019 (remaining nine months) | $ | 125 |
2020 | 108 |
2021 | 44 |
2022 | 3 |
Thereafter | 1 |
Total | $ | 281 |

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953659-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953401-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5111-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the annual minimum payments due from financing receivables, such as, but not limited to accounts, notes, loans, and other financing receivables. + References No definition available. + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesMinimumPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
Name: | us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=84164653&loc=d3e41551-112718 + Details
Name: | us-gaap_ScheduleOfPropertySubjectToOrAvailableForOperatingLeaseTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration