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Borrowings (Tables) | 3 Months Ended
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Oct. 28, 2023
Debt Disclosure [Abstract] |
Schedule of Short-Term Debt | The following table summarizes our short-term debt (in millions, except percentages):
| October 28, 2023 |  | July 29, 2023
| Amount |  | Effective Rate |  | Amount |  | Effective Rate
Current portion of long-term debt | $ | 990 |  |  | 6.33 | % |  | $ | 1,733 |  |  | 4.45 | %
Schedule of Long-Term Debt | The following table summarizes our long-term debt (in millions, except percentages):
|  |  | October 28, 2023 |  | July 29, 2023
| Maturity Date |  | Amount |  | Effective Rate |  | Amount |  | Effective Rate
Senior notes: |  |  |  |  |  |  |  |  |
Fixed-rate notes: |  |  |  |  |  |  |  |  |
2.20% | September 20, 2023 |  | $ | — |  |  | — |  | $ | 750 |  |  | 2.27%
3.625% | March 4, 2024 |  | 1,000 |  |  | 6.33% |  | 1,000 |  |  | 6.08%
3.50% | June 15, 2025 |  | 500 |  |  | 6.63% |  | 500 |  |  | 6.38%
2.95% | February 28, 2026 |  | 750 |  |  | 3.01% |  | 750 |  |  | 3.01%
2.50% | September 20, 2026 |  | 1,500 |  |  | 2.55% |  | 1,500 |  |  | 2.55%
5.90% | February 15, 2039 |  | 2,000 |  |  | 6.11% |  | 2,000 |  |  | 6.11%
5.50% | January 15, 2040 |  | 2,000 |  |  | 5.67% |  | 2,000 |  |  | 5.67%
Total |  |  | 7,750 |  |  |  |  | 8,500 |  |  |
Unaccreted discount/issuance costs |  |  | (68) |  |  |  |  | (68) |  |  |
Hedge accounting fair value adjustments |  |  | (32) |  |  |  |  | (41) |  |  |
Total |  |  | $ | 7,650 |  |  |  |  | $ | 8,391 |  |  |
Reported as: |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  |  | $ | 990 |  |  |  |  | $ | 1,733 |  |  |
Long-term debt |  |  | 6,660 |  |  |  |  | 6,658 |  |  |
Total |  |  | $ | 7,650 |  |  |  |  | $ | 8,391 |  |  |
Schedule of Future Principal Payments for Long-Term Debt | As of October 28, 2023, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions):
Fiscal Year | Amount
2024 (remaining nine months) | $ | 1,000 |
2025 | 500 |
2026 | 750 |
2027 | 1,500 |
Thereafter | 4,000 |
Total | $ | 7,750 |

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