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Borrowings (Tables) | 6 Months Ended
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Jan. 25, 2025
Debt Disclosure [Abstract] |
Schedule of Short-Term Debt | The following table summarizes our short-term debt (in millions, except percentages):
| January 25, 2025 |  | July 27, 2024
| Amount |  | Effective Rate |  | Amount |  | Effective Rate
Current portion of senior notes | $ | 496 |  |  | 5.66 | % |  | $ | 488 |  |  | 6.66 | %
Commercial paper | 10,916 |  |  | 4.75 | % |  | 10,853 |  |  | 5.43 | %
Current portion of other debt | 1 |  |  | 1.13 | % |  | — |  |  | — |
Total | $ | 11,413 |  |  |  |  | $ | 11,341 |  |  |
Schedule of Long-Term Debt | The following table summarizes our long-term debt (in millions, except percentages):
|  |  | January 25, 2025 |  | July 27, 2024
| Maturity Date |  | Amount |  | Effective Rate |  | Amount |  | Effective Rate
Senior notes: |  |  |  |  |  |  |  |  |
Fixed-rate notes: |  |  |  |  |  |  |  |  |
3.50% | June 15, 2025 |  | $ | 500 |  |  | 5.66% |  | $ | 500 |  |  | 6.66%
4.90% | February 26, 2026 |  | 1,000 |  |  | 5.00% |  | 1,000 |  |  | 5.00%
2.95% | February 28, 2026 |  | 750 |  |  | 3.01% |  | 750 |  |  | 3.01%
2.50% | September 20, 2026 |  | 1,500 |  |  | 2.55% |  | 1,500 |  |  | 2.55%
4.80% | February 26, 2027 |  | 2,000 |  |  | 4.90% |  | 2,000 |  |  | 4.90%
4.85% | February 26, 2029 |  | 2,500 |  |  | 4.91% |  | 2,500 |  |  | 4.91%
4.95% | February 26, 2031 |  | 2,500 |  |  | 5.04% |  | 2,500 |  |  | 5.04%
5.05% | February 26, 2034 |  | 2,500 |  |  | 4.97% |  | 2,500 |  |  | 4.97%
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%
5.30% | February 26, 2054 |  | 2,000 |  |  | 5.28% |  | 2,000 |  |  | 5.28%
5.35% | February 26, 2064 |  | 1,000 |  |  | 5.42% |  | 1,000 |  |  | 5.42%
Other debt |  |  | 3 |  |  | 1.13% |  | 3 |  |  | 1.13%
Total |  |  | 20,253 |  |  |  |  | 20,253 |  |  |
Unaccreted discount/issuance costs |  |  | (127) |  |  |  |  | (133) |  |  |
Hedge accounting fair value adjustments |  |  | (4) |  |  |  |  | (11) |  |  |
Total |  |  | $ | 20,122 |  |  |  |  | $ | 20,109 |  |  |
Reported as: |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  |  | $ | 497 |  |  |  |  | $ | 488 |  |  |
Long-term debt |  |  | 19,625 |  |  |  |  | 19,621 |  |  |
Total |  |  | $ | 20,122 |  |  |  |  | $ | 20,109 |  |  |
Schedule of Future Principal Payments for Long-Term Debt | As of January 25, 2025, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions):
Fiscal Year | Amount
2025 (remaining six months) | $ | 500 |
2026 | 1,751 |
2027 | 3,502 |
2028 | — |
2029 | 2,500 |
Thereafter | 12,000 |
Total | $ | 20,253 |

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