XML 50 R39.htm IDEA: XBRL DOCUMENT
v3.23.3

Financing Receivables (Tables) | 3 Months Ended
--- | ---
Oct. 28, 2023
Receivables [Abstract] |
Summary of Financing Receivables | A summary of our financing receivables is presented as follows (in millions):
October 28, 2023 | Loan Receivables |  | Lease Receivables |  | Total
Gross | $ | 5,729 |  |  | $ | 1,112 |  |  | $ | 6,841 |
Residual value | — |  |  | 68 |  |  | 68 |
Unearned income | — |  |  | (97) |  |  | (97) |
Allowance for credit loss | (58) |  |  | (16) |  |  | (74) |
Total, net | $ | 5,671 |  |  | $ | 1,067 |  |  | $ | 6,738 |
Reported as: |  |  |  |  |
Current | $ | 2,986 |  |  | $ | 428 |  |  | $ | 3,414 |
Noncurrent | 2,685 |  |  | 639 |  |  | 3,324 |
Total, net | $ | 5,671 |  |  | $ | 1,067 |  |  | $ | 6,738 |
July 29, 2023 | Loan Receivables |  | Lease Receivables |  | Total
Gross | $ | 5,910 |  |  | $ | 1,015 |  |  | $ | 6,925 |
Residual value | — |  |  | 70 |  |  | 70 |
Unearned income | — |  |  | (88) |  |  | (88) |
Allowance for credit loss | (53) |  |  | (19) |  |  | (72) |
Total, net | $ | 5,857 |  |  | $ | 978 |  |  | $ | 6,835 |
Reported as: |  |  |  |  |
Current | $ | 2,988 |  |  | $ | 364 |  |  | $ | 3,352 |
Noncurrent | 2,869 |  |  | 614 |  |  | 3,483 |
Total, net | $ | 5,857 |  |  | $ | 978 |  |  | $ | 6,835 |
Schedule of Financing Receivables by Internal Credit Risk Rating by Period of Origination | The tables below present our gross financing receivables, excluding residual value, less unearned income, categorized by our internal credit risk rating by period of origination (in millions):
October 28, 2023 |  |  | Fiscal Year |  | Three Months Ended |  |
Internal Credit Risk Rating | Prior |  | July 25, 2020 |  | July 31, 2021 |  | July 30, 2022 |  | July 29, 2023 |  | October 28, 2023 |  | Total
Loan Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
1 to 4 | $ | 40 |  |  | $ | 205 |  |  | $ | 637 |  |  | $ | 910 |  |  | $ | 1,371 |  |  | $ | 543 |  |  | $ | 3,706 |
5 to 6 | 9 |  |  | 109 |  |  | 193 |  |  | 327 |  |  | 733 |  |  | 513 |  |  | 1,884 |
7 and Higher | 7 |  |  | 10 |  |  | 15 |  |  | 91 |  |  | 15 |  |  | 1 |  |  | 139 |
Total Loan Receivables | $ | 56 |  |  | $ | 324 |  |  | $ | 845 |  |  | $ | 1,328 |  |  | $ | 2,119 |  |  | $ | 1,057 |  |  | $ | 5,729 |
Lease Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
1 to 4 | $ | 13 |  |  | $ | 46 |  |  | $ | 99 |  |  | $ | 82 |  |  | $ | 250 |  |  | $ | 111 |  |  | $ | 601 |
5 to 6 | 9 |  |  | 38 |  |  | 51 |  |  | 85 |  |  | 183 |  |  | 30 |  |  | 396 |
7 and Higher | 1 |  |  | 2 |  |  | 3 |  |  | 5 |  |  | 5 |  |  | 2 |  |  | 18 |
Total Lease Receivables | $ | 23 |  |  | $ | 86 |  |  | $ | 153 |  |  | $ | 172 |  |  | $ | 438 |  |  | $ | 143 |  |  | $ | 1,015 |
Total | $ | 79 |  |  | $ | 410 |  |  | $ | 998 |  |  | $ | 1,500 |  |  | $ | 2,557 |  |  | $ | 1,200 |  |  | $ | 6,744 |
July 29, 2023 |  |  | Fiscal Year |  |
Internal Credit Risk Rating | Prior |  | July 27, 2019 |  | July 25, 2020 |  | July 31, 2021 |  | July 30, 2022 |  | July 29, 2023 |  | Total
Loan Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
1 to 4 | $ | 10 |  |  | $ | 53 |  |  | $ | 251 |  |  | $ | 791 |  |  | $ | 1,077 |  |  | $ | 1,784 |  |  | $ | 3,966 |
5 to 6 | 3 |  |  | 14 |  |  | 131 |  |  | 287 |  |  | 465 |  |  | 936 |  |  | 1,836 |
7 and Higher | 1 |  |  | 7 |  |  | 15 |  |  | 17 |  |  | 29 |  |  | 39 |  |  | 108 |
Total Loan Receivables | $ | 14 |  |  | $ | 74 |  |  | $ | 397 |  |  | $ | 1,095 |  |  | $ | 1,571 |  |  | $ | 2,759 |  |  | $ | 5,910 |
Lease Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
1 to 4 | $ | 2 |  |  | $ | 20 |  |  | $ | 57 |  |  | $ | 111 |  |  | $ | 84 |  |  | $ | 235 |  |  | $ | 509 |
5 to 6 | 2 |  |  | 13 |  |  | 44 |  |  | 58 |  |  | 87 |  |  | 191 |  |  | 395 |
7 and Higher | — |  |  | 1 |  |  | 2 |  |  | 4 |  |  | 5 |  |  | 11 |  |  | 23 |
Total Lease Receivables | $ | 4 |  |  | $ | 34 |  |  | $ | 103 |  |  | $ | 173 |  |  | $ | 176 |  |  | $ | 437 |  |  | $ | 927 |
Total | $ | 18 |  |  | $ | 108 |  |  | $ | 500 |  |  | $ | 1,268 |  |  | $ | 1,747 |  |  | $ | 3,196 |  |  | $ | 6,837 |
Schedule of Aging Analysis of Financing Receivables | The following tables present the aging analysis of gross receivables as of October 28, 2023 and July 29, 2023 (in millions):
| DAYS PAST DUE (INCLUDES BILLED AND UNBILLED) |  |  |  |  |  |  |  |  |  |
October 28, 2023 | 31-60 |  | 61-90 |  | 91+ |  | Total Past Due |  | Current |  | Total |  | 120+ Still Accruing |  | Nonaccrual Financing Receivables |  | Impaired Financing Receivables
Loan receivables | $ | 73 |  |  | $ | 58 |  |  | $ | 45 |  |  | $ | 176 |  |  | $ | 5,553 |  |  | $ | 5,729 |  |  | $ | 16 |  |  | $ | 12 |  |  | $ | 12 |
Lease receivables | 18 |  |  | 12 |  |  | 15 |  |  | 45 |  |  | 970 |  |  | 1,015 |  |  | 5 |  |  | 2 |  |  | 2 |
Total | $ | 91 |  |  | $ | 70 |  |  | $ | 60 |  |  | $ | 221 |  |  | $ | 6,523 |  |  | $ | 6,744 |  |  | $ | 21 |  |  | $ | 14 |  |  | $ | 14 |
| DAYS PAST DUE (INCLUDES BILLED AND UNBILLED) |  |  |  |  |  |  |  |  |  |
July 29, 2023 | 31-60 |  | 61-90 |  | 91+ |  | Total Past Due |  | Current |  | Total |  | 120+ Still Accruing |  | Nonaccrual Financing Receivables |  | Impaired Financing Receivables
Loan receivables | $ | 47 |  |  | $ | 20 |  |  | $ | 37 |  |  | $ | 104 |  |  | $ | 5,806 |  |  | $ | 5,910 |  |  | $ | 17 |  |  | $ | 12 |  |  | $ | 12 |
Lease receivables | 16 |  |  | 4 |  |  | 23 |  |  | 43 |  |  | 884 |  |  | 927 |  |  | 6 |  |  | 3 |  |  | 3 |
Total | $ | 63 |  |  | $ | 24 |  |  | $ | 60 |  |  | $ | 147 |  |  | $ | 6,690 |  |  | $ | 6,837 |  |  | $ | 23 |  |  | $ | 15 |  |  | $ | 15 |
Schedule of 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 28, 2023 | CREDIT LOSS ALLOWANCES
| Loan Receivables |  | Lease Receivables |  | Total
Allowance for credit loss as of July 29, 2023 | $ | 53 |  |  | $ | 19 |  |  | $ | 72 |
Provisions (benefits) | 5 |  |  | (3) |  |  | 2 |
Allowance for credit loss as of October 28, 2023 | $ | 58 |  |  | $ | 16 |  |  | $ | 74 |
Three Months Ended October 29, 2022 | CREDIT LOSS ALLOWANCES
| Loan Receivables |  | Lease Receivables |  | Total
Allowance for credit loss as of July 30, 2022 | $ | 103 |  |  | $ | 23 |  |  | $ | 126 |
Provisions (benefits) | (1) |  |  | (3) |  |  | (4) |
Other | (1) |  |  | (1) |  |  | (2) |
Allowance for credit loss as of October 29, 2022 | $ | 101 |  |  | $ | 19 |  |  | $ | 120 |

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-80 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration