Investments (Tables)

6 Months Ended

Jan. 26, 2013

Schedule of Available-for-sale Securities Reconciliation

The following tables summarize the Company’s available-for-sale investments (in millions):



January 26, 2013	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Fixed income securities:
U.S. government securities	$	25,147	$	31	$	(1	)	$	25,177
U.S. government agency securities	3,776		14		—			3,790
Non-U.S. government and agency securities	1,329		7		—			1,336
Corporate debt securities	7,021		99		(2		)	7,118
Total fixed income securities	37,273		151		(3		)	37,421
Publicly traded equity securities	1,484		628		(4		)	2,108
Total	$	38,757	$	779	$	(7	)	$	39,529



July 28, 2012	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Fixed income securities:
U.S. government securities	$	24,201	$	41	$	(1	)	$	24,241
U.S. government agency securities	5,367		21		—			5,388
Non-U.S. government and agency securities	1,629		9		—			1,638
Corporate debt securities	5,959		74		(3		)	6,030
Total fixed income securities	37,156		145		(4		)	37,297
Publicly traded equity securities	1,107		524		(11		)	1,620
Total	$	38,263	$	669	$	(15	)	$	38,917

Schedule of Realized Gain (Loss)

The following table presents the gross realized gains and gross realized losses related to the Company’s available-for-sale investments (in millions):



	Three Months Ended						Six Months Ended
	January 26, 2013			January 28, 2012			January 26, 2013			January 28, 2012
Gross realized gains	$	191		$	188		$	263		$	424
Gross realized losses	(178		)	(151		)	(223		)	(378		)
Total	$	13		$	37		$	40		$	46

The following table presents the realized net gains (losses) related to the Company's available-for-sale investments by security type (in millions):



	Three Months Ended				Six Months Ended
	January 26, 2013		January 28, 2012		January 26, 2013		January 28, 2012
Net gains (losses) on investments in publicly traded equity securities	$	4	$	31	$	14	$	15
Net gains on investments in fixed income securities	9		6		26		31
Total	$	13	$	37	$	40	$	46

Schedule of Unrealized Loss on Investments

The following tables present the breakdown of the available-for-sale investments with gross unrealized losses and the duration that those losses had been unrealized at January 26, 2013 and July 28, 2012 (in millions):



	UNREALIZED LOSSES LESS THAN 12 MONTHS					UNREALIZED LOSSES 12 MONTHS OR GREATER				TOTAL
January 26, 2013	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Fixed income securities:
U.S. government securities	$	2,617	$	(1	)	$	—	$	—	$	2,617	$	(1	)
Corporate debt securities	1,014		(2		)	—		—		1,014		(2		)
Total fixed income securities	3,631		(3		)	—		—		3,631		(3		)
Publicly traded equity securities	36		(4		)	—		—		36		(4		)
Total	$	3,667	$	(7	)	$	—	$	—	$	3,667	$	(7	)



	UNREALIZED LOSSES LESS THAN 12 MONTHS					UNREALIZED LOSSES 12 MONTHS OR GREATER					TOTAL
July 28, 2012	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Fixed income securities:
U.S. government securities	$	5,357	$	(1	)	$	—	$	—		$	5,357	$	(1	)
Corporate debt securities	603		(3		)	14		—			617		(3		)
Total fixed income securities	5,960		(4		)	14		—			5,974		(4		)
Publicly traded equity securities	167		(8		)	20		(3		)	187		(11		)
Total	$	6,127	$	(12	)	$	34	$	(3	)	$	6,161	$	(15	)

Investments Classified by Contractual Maturity Date

The following table summarizes the maturities of the Company’s fixed income securities at January 26, 2013 (in millions):



	Amortized Cost		Fair Value
Less than 1 year	$	16,215	$	16,234
Due in 1 to 2 years	10,710		10,752
Due in 2 to 5 years	10,230		10,310
Due after 5 years	118		125
Total	$	37,273	$	37,421