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Financing Receivables (Tables) | 12 Months Ended
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Jul. 26, 2025
Receivables [Abstract] |
Financing Receivables | A summary of our financing receivables is presented as follows (in millions):
July 26, 2025 | Loan Receivables |  | Lease Receivables |  | Total
Gross | $ | 5,628 |  |  | $ | 982 |  |  | $ | 6,610 |
Residual value | — |  |  | 66 |  |  | 66 |
Unearned income | — |  |  | (99) |  |  | (99) |
Allowance for credit loss | (37) |  |  | (13) |  |  | (50) |
Total, net | $ | 5,591 |  |  | $ | 936 |  |  | $ | 6,527 |
Reported as: |  |  |  |  |
Current | $ | 2,715 |  |  | $ | 346 |  |  | $ | 3,061 |
Noncurrent | 2,876 |  |  | 590 |  |  | 3,466 |
Total, net | $ | 5,591 |  |  | $ | 936 |  |  | $ | 6,527 |
July 27, 2024 | Loan Receivables |  | Lease Receivables |  | Total
Gross | $ | 5,858 |  |  | $ | 965 |  |  | $ | 6,823 |
Residual value | — |  |  | 67 |  |  | 67 |
Unearned income | — |  |  | (111) |  |  | (111) |
Allowance for credit loss | (50) |  |  | (15) |  |  | (65) |
Total, net | $ | 5,808 |  |  | $ | 906 |  |  | $ | 6,714 |
Reported as: |  |  |  |  |
Current | $ | 3,071 |  |  | $ | 267 |  |  | $ | 3,338 |
Noncurrent | 2,737 |  |  | 639 |  |  | 3,376 |
Total, net | $ | 5,808 |  |  | $ | 906 |  |  | $ | 6,714 |
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):
July 26, 2025 |  |  | Fiscal Year |  |
Internal Credit Risk Rating | Prior |  | July 31, 2021 |  | July 30, 2022 |  | July 29, 2023 |  | July 27, 2024 |  | July 26, 2025 |  | Total
Loan Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
1 to 4 | $ | 2 |  |  | $ | 83 |  |  | $ | 236 |  |  | $ | 371 |  |  | $ | 1,258 |  |  | $ | 1,556 |  |  | $ | 3,506 |
5 to 6 | 2 |  |  | 56 |  |  | 53 |  |  | 167 |  |  | 561 |  |  | 1,248 |  |  | 2,087 |
7 and Higher | — |  |  | — |  |  | 6 |  |  | 9 |  |  | 4 |  |  | 16 |  |  | 35 |
Total Loan Receivables | $ | 4 |  |  | $ | 139 |  |  | $ | 295 |  |  | $ | 547 |  |  | $ | 1,823 |  |  | $ | 2,820 |  |  | $ | 5,628 |
Lease Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
1 to 4 | $ | — |  |  | $ | 9 |  |  | $ | 23 |  |  | $ | 112 |  |  | $ | 187 |  |  | $ | 207 |  |  | $ | 538 |
5 to 6 | — |  |  | 6 |  |  | 25 |  |  | 77 |  |  | 120 |  |  | 103 |  |  | 331 |
7 and Higher | — |  |  | — |  |  | 1 |  |  | 3 |  |  | 8 |  |  | 2 |  |  | 14 |
Total Lease Receivables | $ | — |  |  | $ | 15 |  |  | $ | 49 |  |  | $ | 192 |  |  | $ | 315 |  |  | $ | 312 |  |  | $ | 883 |
Total | $ | 4 |  |  | $ | 154 |  |  | $ | 344 |  |  | $ | 739 |  |  | $ | 2,138 |  |  | $ | 3,132 |  |  | $ | 6,511 |
July 27, 2024 |  |  | Fiscal Year |  |
Internal Credit Risk Rating | Prior |  | July 25, 2020 |  | July 31, 2021 |  | July 30, 2022 |  | July 29, 2023 |  | July 27, 2024 |  | Total
Loan Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
1 to 4 | $ | 2 |  |  | $ | 78 |  |  | $ | 341 |  |  | $ | 555 |  |  | $ | 945 |  |  | $ | 1,803 |  |  | $ | 3,724 |
5 to 6 | 2 |  |  | 29 |  |  | 127 |  |  | 130 |  |  | 426 |  |  | 1,314 |  |  | 2,028 |
7 and Higher | 3 |  |  | 1 |  |  | 10 |  |  | 74 |  |  | 14 |  |  | 4 |  |  | 106 |
Total Loan Receivables | $ | 7 |  |  | $ | 108 |  |  | $ | 478 |  |  | $ | 759 |  |  | $ | 1,385 |  |  | $ | 3,121 |  |  | $ | 5,858 |
Lease Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |
1 to 4 | $ | 1 |  |  | $ | 8 |  |  | $ | 38 |  |  | $ | 46 |  |  | $ | 176 |  |  | $ | 341 |  |  | $ | 610 |
5 to 6 | 1 |  |  | 11 |  |  | 22 |  |  | 44 |  |  | 129 |  |  | 21 |  |  | 228 |
7 and Higher | — |  |  | — |  |  | 1 |  |  | 3 |  |  | 4 |  |  | 8 |  |  | 16 |
Total Lease Receivables | $ | 2 |  |  | $ | 19 |  |  | $ | 61 |  |  | $ | 93 |  |  | $ | 309 |  |  | $ | 370 |  |  | $ | 854 |
Total | $ | 9 |  |  | $ | 127 |  |  | $ | 539 |  |  | $ | 852 |  |  | $ | 1,694 |  |  | $ | 3,491 |  |  | $ | 6,712 |
Schedule of Aging Analysis of Financing Receivables | The following tables present the aging analysis of gross receivables as of July 26, 2025 and July 27, 2024 (in millions):
| DAYS PAST DUE (INCLUDES BILLED AND UNBILLED) |  |  |  |  |  |  |  |  |  |
July 26, 2025 | 31 - 60 |  | 61 - 90 |  | 91+ |  | Total Past Due |  | Current |  | Total |  | 120+ Still Accruing |  | Nonaccrual Financing Receivables |  | Impaired Financing Receivables
Loan receivables | $ | 18 |  |  | $ | 18 |  |  | $ | 16 |  |  | $ | 52 |  |  | $ | 5,576 |  |  | $ | 5,628 |  |  | $ | 4 |  |  | $ | 5 |  |  | $ | 5 |
Lease receivables | 7 |  |  | 3 |  |  | 6 |  |  | 16 |  |  | 867 |  |  | 883 |  |  | 4 |  |  | 1 |  |  | 1 |
Total | $ | 25 |  |  | $ | 21 |  |  | $ | 22 |  |  | $ | 68 |  |  | $ | 6,443 |  |  | $ | 6,511 |  |  | $ | 8 |  |  | $ | 6 |  |  | $ | 6 |
| DAYS PAST DUE (INCLUDES BILLED AND UNBILLED) |  |  |  |  |  |  |  |  |  |
July 27, 2024 | 31 - 60 |  | 61 - 90 |  | 91+ |  | Total Past Due |  | Current |  | Total |  | 120+ Still Accruing |  | Nonaccrual Financing Receivables |  | Impaired Financing Receivables
Loan receivables | $ | 34 |  |  | $ | 17 |  |  | $ | 35 |  |  | $ | 86 |  |  | $ | 5,772 |  |  | $ | 5,858 |  |  | $ | 14 |  |  | $ | 7 |  |  | $ | 7 |
Lease receivables | 14 |  |  | 4 |  |  | 5 |  |  | 23 |  |  | 831 |  |  | 854 |  |  | 1 |  |  | — |  |  | — |
Total | $ | 48 |  |  | $ | 21 |  |  | $ | 40 |  |  | $ | 109 |  |  | $ | 6,603 |  |  | $ | 6,712 |  |  | $ | 15 |  |  | $ | 7 |  |  | $ | 7 |
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
| Loan Receivables |  | Lease Receivables |  | Total
Allowance for credit loss as of July 27, 2024 | $ | 50 |  |  | $ | 15 |  |  | $ | 65 |
Provisions (benefits) | (6) |  |  | (3) |  |  | (9) |
Recoveries (write-offs), net | (9) |  |  | — |  |  | (9) |
Foreign exchange and other | 2 |  |  | 1 |  |  | 3 |
Allowance for credit loss as of July 26, 2025 | $ | 37 |  |  | $ | 13 |  |  | $ | 50 |
| CREDIT LOSS ALLOWANCES
| Loan Receivables |  | Lease Receivables |  | Total
Allowance for credit loss as of July 29, 2023 | $ | 53 |  |  | $ | 19 |  |  | $ | 72 |
Provisions (benefits) | 1 |  |  | (3) |  |  | (2) |
Recoveries (write-offs), net | (4) |  |  | (1) |  |  | (5) |
Allowance for credit loss as of July 27, 2024 | $ | 50 |  |  | $ | 15 |  |  | $ | 65 |
| CREDIT LOSS ALLOWANCES
| Loan Receivables |  | Lease Receivables |  | Total
Allowance for credit loss as of July 30, 2022 | $ | 103 |  |  | $ | 23 |  |  | $ | 126 |
Provisions (benefits) | (7) |  |  | (1) |  |  | (8) |
Recoveries (write-offs), net | (38) |  |  | (3) |  |  | (41) |
Foreign exchange and other | (5) |  |  | — |  |  | (5) |
Allowance for credit loss as of July 29, 2023 | $ | 53 |  |  | $ | 19 |  |  | $ | 72 |

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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/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 + Details
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- 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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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