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Stockholders' Equity | 9 Months Ended
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Apr. 26, 2025
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders’ Equity (a)Stock Repurchase Program In September 2001, our Board of Directors authorized a stock repurchase program. As of April 26, 2025, the remaining authorized amount for stock repurchases under this program was approximately $15.4 billion, with no termination date. The stock repurchase activity for fiscal 2025 and 2024 under the stock repurchase program, reported based on the trade date, is summarized as follows (in millions, except per-share amounts):
Quarter Ended |  | Shares |  | Weighted-Average Price per Share |  | Amount
Fiscal 2025 |  |  |  |  |  |
April 26, 2025 |  | 25 |  |  | $ | 59.78 |  |  | $ | 1,504 |
January 25, 2025 |  | 21 |  |  | $ | 58.58 |  |  | $ | 1,236 |
October 26, 2024 |  | 40 |  |  | $ | 49.56 |  |  | $ | 2,003 |
Fiscal 2024 |  |  |  |  |  |
July 27, 2024 |  | 43 |  |  | $ | 46.80 |  |  | $ | 2,002 |
April 27, 2024 |  | 26 |  |  | $ | 49.22 |  |  | $ | 1,256 |
January 27, 2024 |  | 25 |  |  | $ | 49.54 |  |  | $ | 1,254 |
October 28, 2023 |  | 23 |  |  | $ | 54.53 |  |  | $ | 1,252 |
There were stock repurchases of $20 million and $25 million that were pending settlement April 26, 2025 and July 27, 2024, respectively. The purchase price for the shares of our stock repurchased is reflected as a reduction to stockholders’ equity. We are required to allocate the purchase price of the repurchased shares as (i) a reduction to retained earnings or an increase to accumulated deficit and (ii) a reduction of common stock and additional paid-in capital. (b) Dividends Declared On May 14, 2025, our Board of Directors declared a quarterly dividend of $0.41 per common share to be paid on July 23, 2025, to all stockholders of record as of the close of business on July 3, 2025. Future dividends will be subject to the approval of our Board of Directors. (c) Preferred Stock Under the terms of our Amended and Restated Certificate of Incorporation, the Board of Directors is authorized to issue preferred stock in one or more series and, in connection with the creation of such series, to fix by resolution the designation, powers (including voting powers (if any)), preferences and relative, participating, optional or other special rights, if any, of such series, and any qualifications, limitations or restrictions thereof, of the shares of such series. As of April 26, 2025, we have not issued any shares of preferred stock.

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