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Derivative Instruments (Tables) | 3 Months Ended
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Oct. 25, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value of Derivative Instruments by Balance Sheet Line Item | The fair values of our derivative instruments and the line items on the Consolidated Balance Sheets to which they were recorded are summarized as follows (in millions):
| DERIVATIVE ASSETS |  | DERIVATIVE LIABILITIES
| Balance Sheet Line Item |  | October 25, 2025 |  | July 26, 2025 |  | Balance Sheet Line Item |  | October 25, 2025 |  | July 26, 2025
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |
Foreign currency derivatives | Other current assets |  | $ | 27 |  |  | $ | 17 |  |  | Other current liabilities |  | $ | 1 |  |  | $ | 2 |
Foreign currency derivatives | Other assets |  | 27 |  |  | 10 |  |  | Other long-term liabilities |  | — |  |  | 2 |
Total |  |  | 54 |  |  | 27 |  |  |  |  | 1 |  |  | 4 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |
Foreign currency derivatives | Other current assets |  | 1 |  |  | 3 |  |  | Other current liabilities |  | 30 |  |  | 17 |
Foreign currency derivatives | Other assets |  | — |  |  | 2 |  |  | Other long-term liabilities |  | 27 |  |  | 10 |
Total |  |  | 1 |  |  | 5 |  |  |  |  | 57 |  |  | 27 |
Total |  |  | $ | 55 |  |  | $ | 32 |  |  |  |  | $ | 58 |  |  | $ | 31 |
Effect of Derivative Instruments Not Designated as Fair Value Hedges on Consolidated Statements of Operations | The effect on the Consolidated Statements of Operations of derivative instruments not designated as hedges is summarized as follows (in millions):
|  |  |  | GAINS (LOSSES) FOR THE THREE MONTHS ENDED
Derivatives Not Designated as Hedging Instruments |  | Line Item in Statements of Operations |  | October 25, 2025 |  | October 26, 2024
Foreign currency derivatives |  | Other income (loss), net |  | $ | (46) |  |  | $ | (32) |
Total return swaps—deferred compensation |  | Operating expenses and other |  | 54 |  |  | 22 |
Total |  |  |  | $ | 8 |  |  | $ | (10) |
Schedule of Notional Amounts of Derivatives Outstanding | The notional amounts of our outstanding derivatives are summarized as follows (in millions):
| October 25, 2025 |  | July 26, 2025
Foreign currency derivatives | $ | 8,006 |  |  | $ | 8,978 |
Total return swaps—deferred compensation | 1,195 |  |  | 1,087 |
Total | $ | 9,201 |  |  | $ | 10,065 |

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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