v3.19.1

Employee Benefit Plans (Tables) | 9 Months Ended
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Apr. 27, 2019
Retirement Benefits [Abstract] |
Summary of Share-Based Compensation Expense | The following table summarizes share-based compensation expense (in millions):
| Three Months Ended |  | Nine Months Ended
| April 27, 2019 |  | April 28, 2018 |  | April 27, 2019 |  | April 28, 2018
Cost of sales—product | $ | 22 |  |  | $ | 24 |  |  | $ | 67 |  |  | $ | 70 |
Cost of sales—service | 32 |  |  | 33 |  |  | 96 |  |  | 98 |
Share-based compensation expense in cost of sales | 54 |  |  | 57 |  |  | 163 |  |  | 168 |
Research and development | 135 |  |  | 139 |  |  | 398 |  |  | 409 |
Sales and marketing | 124 |  |  | 142 |  |  | 386 |  |  | 412 |
General and administrative | 63 |  |  | 61 |  |  | 190 |  |  | 189 |
Restructuring and other charges | 3 |  |  | 6 |  |  | 45 |  |  | 24 |
Share-based compensation expense in operating expenses | 325 |  |  | 348 |  |  | 1,019 |  |  | 1,034 |
Total share-based compensation expense | $ | 379 |  |  | $ | 405 |  |  | $ | 1,182 |  |  | $ | 1,202 |
Income tax benefit for share-based compensation | $ | 98 |  |  | $ | 140 |  |  | $ | 389 |  |  | $ | 411 |
Summary of Share-Based Awards Available for Grant | A summary of share-based awards available for grant is as follows (in millions):
| Share-Based Awards Available for Grant
BALANCE AT JULY 29, 2017 | 272 |
Restricted stock, stock units, and other share-based awards granted | (70 | )
Share-based awards canceled/forfeited/expired | 18 |
Shares withheld for taxes and not issued | 25 |
BALANCE AT JULY 28, 2018 | 245 |
Restricted stock, stock units, and other share-based awards granted | (41 | )
Share-based awards canceled/forfeited/expired | 16 |
Shares withheld for taxes and not issued | 17 |
Other | 1 |
BALANCE AT APRIL 27, 2019 | 238 |
Summary of Restricted Stock and Stock Unit Activity | A summary of the restricted stock and stock unit activity, which includes time-based and performance-based or market-based RSUs, is as follows (in millions, except per-share amounts):
| Restricted Stock/ Stock Units |  | Weighted-Average Grant Date Fair Value per Share |  | Aggregate Fair Value
UNVESTED BALANCE AT JULY 29, 2017 | 141 |  |  | $ | 26.94 |  |  |
Granted | 46 |  |  | 35.62 |  |  |
Assumed from acquisitions | 1 |  |  | 28.26 |  |  |
Vested | (53 | ) |  | 26.02 |  |  | $ | 1,909 |
Canceled/forfeited/other | (16 | ) |  | 28.37 |  |  |
UNVESTED BALANCE AT JULY 28, 2018 | 119 |  |  | 30.56 |  |  |
Granted | 27 |  |  | 45.01 |  |  |
Vested | (36 | ) |  | 28.30 |  |  | $ | 1,698 |
Canceled/forfeited/other | (12 | ) |  | 31.39 |  |  |
UNVESTED BALANCE AT APRIL 27, 2019 | 98 |  |  | $ | 35.30 |  |  |
Summary of Stock Option Activity | A summary of the stock option activity is as follows (in millions, except per-share amounts):
| STOCK OPTIONS OUTSTANDING
| Number Outstanding |  | Weighted-Average Exercise Price per Share
BALANCE AT JULY 29, 2017 | 12 |  |  | $ | 6.15 |
Assumed from acquisitions | 3 |  |  | 8.20 |
Exercised | (8 | ) |  | 5.77 |
Canceled/forfeited/expired | (1 | ) |  | 8.75 |
BALANCE AT JULY 28, 2018 | 6 |  |  | 7.18 |
Exercised | (3 | ) |  | 6.88 |
BALANCE AT APRIL 27, 2019 | 3 |  |  | $ | 7.35 |
Summary of Significant Ranges of Outstanding and Exercisable Stock Options | The following table summarizes significant ranges of outstanding and exercisable stock options as of April 27, 2019 (in millions, except years and share prices):
|  | STOCK OPTIONS OUTSTANDING |  | STOCK OPTIONS EXERCISABLE
Range of Exercise Prices |  | Number Outstanding |  | Weighted- Average Remaining Contractual Life (in Years) |  | Weighted- Average Exercise Price per Share |  | Aggregate Intrinsic Value |  | Number Exercisable |  | Weighted- Average Exercise Price per Share |  | Aggregate Intrinsic Value
$ 0.01 – 35.00 |  | 3 |  |  | 5.3 |  | $ | 7.35 |  |  | $ | 141 |  |  | 2 |  |  | $ | 7.22 |  |  | $ | 117 |
Schedule of Assumptions Used | The assumptions for the valuation of time-based RSUs and PRSUs are summarized as follows:
| RESTRICTED STOCK UNITS |  | PERFORMANCE BASED RESTRICTED STOCK UNITS
Three Months Ended | April 27, 2019 |  | April 28, 2018 |  | April 27, 2019 |  | April 28, 2018
Number of shares granted (in millions) | 2 |  |  | 2 |  |  | — |  |  | — |
Grant date fair value per share | $ | 48.17 |  |  | $ | 39.31 |  |  | N/A |  |  | $ | 43.44 |
Weighted-average assumptions/inputs: |  |  |  |  |  |  |
Expected dividend yield | 2.7 | % |  | 2.9 | % |  | N/A |  |  | 3.0 | %
Range of risk-free interest rates | 2.2% – 2.6% |  |  | 0.0% – 2.6% |  |  | N/A |  |  | 1.5%-2.5% |
Range of expected volatilities for index | N/A |  |  | N/A |  |  | N/A |  |  | 12.5%-82.8% |
| RESTRICTED STOCK UNITS |  | PERFORMANCE BASED RESTRICTED STOCK UNITS
Nine Months Ended | April 27, 2019 |  | April 28, 2018 |  | April 27, 2019 |  | April 28, 2018
Number of shares granted (in millions) | 25 |  |  | 30 |  |  | 2 |  |  | 3 |
Grant date fair value per share | $ | 44.84 |  |  | $ | 33.97 |  |  | $ | 47.00 |  |  | $ | 31.96 |
Weighted-average assumptions/inputs: |  |  |  |  |  |  |
Expected dividend yield | 2.8 | % |  | 3.2 | % |  | 2.8 | % |  | 3.5 | %
Range of risk-free interest rates | 0.0% – 2.9% |  |  | 0.0% – 2.6% |  |  | 2.1% – 3.0% |  |  | 1.0%-2.5% |
Range of expected volatilities for index | N/A |  |  | N/A |  |  | 13.0% – 65.2% |  |  | 12.5%-82.8% |

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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure for share-based compensation plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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