Derivative Instruments (Tables)

6 Months Ended

Jan. 26, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The fair values of the Company's 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	January 26, 2013		July 28, 2012		Balance Sheet Line Item	January 26, 2013		July 28, 2012
Derivatives designated as hedging instruments:
Foreign currency derivatives	Other current assets	$	34	$	24	Other current liabilities	$	2	$	26
Interest rate derivatives	Other assets	194		223		Other long-term liabilities	—		—
Equity derivatives	Other current assets	—		—		Other current liabilities	43		4
Total		228		247			45		30
Derivatives not designated as hedging instruments:
Foreign currency derivatives	Other current assets	16		16		Other current liabilities	12		12
Equity derivatives	Other assets	—		1		Other long-term liabilities	—		—
Total		16		17			12		12
Total		$	244	$	264		$	57	$	42

Gains And Losses On Derivatives Designated As Cash Flow Hedges

The effects of the Company's cash flow and net investment hedging instruments on other comprehensive income ("OCI") and the Consolidated Statements of Operations are summarized as follows (in millions):



GAINS (LOSSES) RECOGNIZED IN OCI ON DERIVATIVES FOR THE THREE MONTHS ENDED (EFFECTIVE PORTION)						GAINS (LOSSES) RECLASSIFIED FROM AOCI INTO INCOME FOR THE THREE MONTHS ENDED (EFFECTIVE PORTION)
Derivatives designated as cash flow hedging instruments:	January 26, 2013		January 28, 2012			Line Item in Statements of Operations	January 26, 2013		January 28, 2012
Foreign currency derivatives	$	3	$	(44	)	Operating expenses	$	6	$	(22	)
						Cost of sales - service	2		(4		)
Total	$	3	$	(44	)		$	8	$	(26	)

Derivatives designated as net investment hedging instruments:
Foreign currency derivatives	$	—	$	(2	)	Other income (loss), net	$	—	$	—



GAINS (LOSSES) RECOGNIZED IN OCI ON DERIVATIVES FOR THE SIX MONTHS ENDED (EFFECTIVE PORTION)							GAINS (LOSSES) RECLASSIFIED FROM AOCI INTO INCOME FOR THE SIX MONTHS ENDED (EFFECTIVE PORTION)
Derivatives designated as cash flow hedging instruments:	January 26, 2013			January 28, 2012			Line Item in Statements of Operations	January 26, 2013		January 28, 2012
Foreign currency derivatives	$	69		$	(94	)	Operating expenses	$	2	$	(22	)
							Cost of sales - service	1		(4		)
Total	$	69		$	(94	)		$	3	$	(26	)

Derivatives designated as net investment hedging instruments:
Foreign currency derivatives	$	(24	)	$	(6	)	Other income (loss), net	$	—	$	—

Schedule Of Derivative Fair Value Hedge Instruments Gain Loss In Statement Of Financial Performance [Text Block]

The effect on the Consolidated Statements of Operations of derivative instruments designated as fair value hedges and the underlying hedged items is summarized as follows (in millions):



		GAINS (LOSSES) ON DERIVATIVES INSTRUMENTS FOR THE THREE MONTHS ENDED					GAINS (LOSSES) RELATED TO HEDGED ITEMS FOR THE THREE MONTHS ENDED
Derivatives Designated as Fair Value Hedging Instruments	Line Item in Statements of Operations	January 26, 2013			January 28, 2012		January 26, 2013		January 28, 2012
Equity derivatives	Other income (loss), net	$	(39	)	$	—	$	39	$	—
Interest rate derivatives	Interest expense	(11		)	41		11		(42		)
Total		$	(50	)	$	41	$	50	$	(42	)



		GAINS (LOSSES) ON DERIVATIVES INSTRUMENTS FOR THE SIX MONTHS ENDED					GAINS (LOSSES) RELATED TO HEDGED ITEMS FOR THE SIX MONTHS ENDED
Derivatives Designated as Fair Value Hedging Instruments	Line Item in Statements of Operations	January 26, 2013			January 28, 2012		January 26, 2013		January 28, 2012
Equity derivatives	Other income (loss), net	$	(42	)	$	—	$	42	$	—
Interest rate derivatives	Interest expense	(29		)	76		29		(78		)
Total		$	(71	)	$	76	$	71	$	(78	)

Effect Of Derivative Instruments Not Designated As Fair Value Hedges On Consolidated Statement Of Operations Summary

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						GAINS (LOSSES) FOR THE SIX MONTHS ENDED
Derivatives Not Designated as Hedging Instruments	Line Item in Statements of Operations	January 26, 2013			January 28, 2012			January 26, 2013		January 28, 2012
Foreign currency derivatives	Other income (loss), net	$	(41	)	$	(88	)	$	12	$	(145	)
Total return swaps - deferred compensation	Cost of sales	—			3			—		3
	Operating expenses	19			10			33		(10		)
Equity derivatives	Other income (loss), net	3			(18		)	12		(11		)
Total		$	(19	)	$	(93	)	$	57	$	(163	)

Schedule Of Notional Amounts Of Derivatives Outstanding

The notional amounts of the Company’s outstanding derivatives are summarized as follows (in millions):



	January 26, 2013		July 28, 2012
Derivatives designated as hedging instruments:
Foreign currency derivatives - cash flow hedges	$	1,646	$	2,910
Interest rate derivatives	4,250		4,250
Net investment hedging instruments	325		468
Equity derivatives	629		272
Derivatives not designated as hedging instruments:
Foreign currency derivatives	4,231		6,241
Total return swaps-deferred compensation	324		269
Total	$	11,405	$	14,410

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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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.

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