XML 52 R39.htm IDEA: XBRL DOCUMENT
v3.25.3

Investments (Tables) | 3 Months Ended
--- | ---
Oct. 25, 2025
Investments, Debt and Equity Securities [Abstract] |
Summary of Available-for-Sale Debt Investments | The following tables summarize our available-for-sale debt investments (in millions):
October 25, 2025 | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized and Credit Losses |  | Fair Value
U.S. government securities | $ | 1,637 |  |  | $ | 7 |  |  | $ | (4) |  |  | $ | 1,640 |
U.S. government agency securities | 49 |  |  | — |  |  | — |  |  | 49 |
Non-U.S. government and agency securities | 409 |  |  | 1 |  |  | — |  |  | 410 |
Corporate debt securities | 2,979 |  |  | 14 |  |  | (44) |  |  | 2,949 |
Mortgage- and asset-backed securities | 270 |  |  | — |  |  | (16) |  |  | 254 |
Commercial paper | 884 |  |  | — |  |  | — |  |  | 884 |
Certificates of deposit | 756 |  |  | — |  |  | — |  |  | 756 |
Total | $ | 6,984 |  |  | $ | 22 |  |  | $ | (64) |  |  | $ | 6,942 |
July 26, 2025 | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized and Credit Losses |  | Fair Value
U.S. government securities | $ | 1,971 |  |  | $ | 2 |  |  | $ | (12) |  |  | $ | 1,961 |
U.S. government agency securities | 67 |  |  | — |  |  | — |  |  | 67 |
Non-U.S. government and agency securities | 458 |  |  | — |  |  | — |  |  | 458 |
Corporate debt securities | 3,138 |  |  | 13 |  |  | (61) |  |  | 3,090 |
Mortgage- and asset-backed securities | 320 |  |  | — |  |  | (34) |  |  | 286 |
Commercial paper | 950 |  |  | — |  |  | — |  |  | 950 |
Certificates of deposit | 569 |  |  | — |  |  | — |  |  | 569 |
Total | $ | 7,473 |  |  | $ | 15 |  |  | $ | (107) |  |  | $ | 7,381 |
Gross Realized Gains and Gross Realized Losses Related to Available-for-Sale Investment | The following table presents the gross realized gains and gross realized losses related to available-for-sale debt investments (in millions):
| Three Months Ended
| October 25, 2025 |  | October 26, 2024
Gross realized gains | $ | 10 |  |  | $ | 8 |
Gross realized losses | (14) |  |  | (33) |
Total | $ | (4) |  |  | $ | (25) |
Available-for-Sale Investments with Gross Unrealized Losses | The following tables present the breakdown of the available-for-sale debt investments with gross unrealized losses and the duration that those losses had been unrealized at October 25, 2025 and July 26, 2025 (in millions):
| UNREALIZED LOSSES LESS THAN 12 MONTHS |  | UNREALIZED LOSSES 12 MONTHS OR GREATER |  | TOTAL
October 25, 2025 | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
U.S. government securities | $ | — |  |  | $ | — |  |  | $ | 436 |  |  | $ | (4) |  |  | $ | 436 |  |  | $ | (4) |
U.S. government agency securities | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |
Corporate debt securities | 63 |  |  | — |  |  | 1,583 |  |  | (18) |  |  | 1,646 |  |  | (18) |
Mortgage- and asset-backed securities | 4 |  |  | — |  |  | 160 |  |  | (16) |  |  | 164 |  |  | (16) |
Commercial paper | 10 |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | — |
Total | $ | 82 |  |  | $ | — |  |  | $ | 2,179 |  |  | $ | (38) |  |  | $ | 2,261 |  |  | $ | (38) |
| UNREALIZED LOSSES LESS THAN 12 MONTHS |  | UNREALIZED LOSSES 12 MONTHS OR GREATER |  | TOTAL
July 26, 2025 | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
U.S. government securities | $ | 1,076 |  |  | $ | (6) |  |  | $ | 302 |  |  | $ | (6) |  |  | $ | 1,378 |  |  | $ | (12) |
U.S. government agency securities | 8 |  |  | — |  |  | 21 |  |  | — |  |  | 29 |  |  | — |
Non-U.S. government and agency securities | 292 |  |  | — |  |  | — |  |  | — |  |  | 292 |  |  | — |
Corporate debt securities | 106 |  |  | — |  |  | 1,800 |  |  | (35) |  |  | 1,906 |  |  | (35) |
Mortgage- and asset-backed securities | 5 |  |  | — |  |  | 279 |  |  | (34) |  |  | 284 |  |  | (34) |
Commercial paper | 30 |  |  | — |  |  | — |  |  | — |  |  | 30 |  |  | — |
Total | $ | 1,517 |  |  | $ | (6) |  |  | $ | 2,402 |  |  | $ | (75) |  |  | $ | 3,919 |  |  | $ | (81) |
Maturities of Available-for-Sale Debt Investments | The following table summarizes the maturities of our available-for-sale debt investments as of October 25, 2025 (in millions):
| Amortized Cost |  | Fair Value
Within 1 year | $ | 3,925 |  |  | $ | 3,883 |
After 1 year through 5 years | 2,768 |  |  | 2,784 |
After 5 years through 10 years | 21 |  |  | 21 |
Mortgage- and asset-backed securities with no single maturity | 270 |  |  | 254 |
Total | $ | 6,984 |  |  | $ | 6,942 |
Equity Securities without Readily Determinable Fair Value | We have recorded cumulative adjustments to the carrying value of our investments in privately held companies measured using the measurement alternative as follows (in millions):
| October 25, 2025 |  | July 26, 2025
Cumulative upward adjustments | $ | 277 |  |  | $ | 195 |
Cumulative downward adjustments, including impairments | (595) |  |  | (597) |
Net adjustments | $ | (318) |  |  | $ | (402) |

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479081/326-30-55-8 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-6 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479106/326-30-50-4 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in equity security without readily determinable fair value. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479536/321-10-50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479536/321-10-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479536/321-10-50-3 + Details
Name: | us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 + Details
Name: | us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration