Financing Receivables And Guarantees (Tables)

9 Months Ended

Apr. 27, 2013

Financing Receivables And Guarantees [Abstract]

Financing Receivables

A summary of the Company’s financing receivables is presented as follows (in millions):

April 27, 2013	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total Financing Receivables
Gross	$	3,764		$	1,671		$	2,924		$	8,359
Unearned income	(286		)	—			—			(286		)
Allowance for credit loss	(245		)	(93		)	(19		)	(357		)
Total, net	$	3,233		$	1,578		$	2,905		$	7,716
Reported as:
Current	$	1,400		$	900		$	1,578		$	3,878
Noncurrent	1,833			678			1,327			3,838
Total, net	$	3,233		$	1,578		$	2,905		$	7,716

July 28, 2012	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total Financing Receivables
Gross	$	3,429		$	1,796		$	2,651		$	7,876
Unearned income	(250		)	—			—			(250		)
Allowance for credit loss	(247		)	(122		)	(11		)	(380		)
Total, net	$	2,932		$	1,674		$	2,640		$	7,246
Reported as:
Current	$	1,200		$	968		$	1,493		$	3,661
Noncurrent	1,732			706			1,147			3,585
Total, net	$	2,932		$	1,674		$	2,640		$	7,246

Contractual Maturities Of The Gross Lease Receivables

Contractual maturities of the gross lease receivables at April 27, 2013 are summarized as follows (in millions):

Fiscal Year	Amount
2013 (remaining three months)	$	516
2014	1,477
2015	957
2016	535
2017	234
Thereafter	45
Total	$	3,764

Schedule Of Internal Credit Risk Rating For Each Portfolio Segment

Financing receivables categorized by the Company's internal credit risk rating as of April 27, 2013 and July 28, 2012 are summarized as follows (in millions):

	INTERNAL CREDIT RISK RATING
April 27, 2013	1 to 4		5 to 6		7 and Higher		Total		Residual Value		Gross Receivables, Net of Unearned Income
Lease receivables	$	1,654	$	1,476	$	87	$	3,217	$	261	$	3,478
Loan receivables	859		779		33		1,671		—		1,671
Financed service contracts and other	1,620		1,160		144		2,924		—		2,924
Total	$	4,133	$	3,415	$	264	$	7,812	$	261	$	8,073

	INTERNAL CREDIT RISK RATING
July 28, 2012	1 to 4		5 to 6		7 and Higher		Total		Residual Value		Gross Receivables, Net of Unearned Income
Lease receivables	$	1,532	$	1,342	$	31	$	2,905	$	274	$	3,179
Loan receivables	831		921		44		1,796		—		1,796
Financed service contracts and other	1,552		1,030		69		2,651		—		2,651
Total	$	3,915	$	3,293	$	144	$	7,352	$	274	$	7,626

Schedule Of Financing Receivables By Portfolio Segment And Class Aging Analysis

The following tables present the aging analysis of financing receivables as of April 27, 2013 and July 28, 2012 (in millions):

	DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
April 27, 2013	31-60		61-90		91+		Total Past Due		Current		Gross Receivables, Net of Unearned Income		Non-Accrual Financing Receivables		Impaired Financing Receivables
Lease receivables	$	119	$	45	$	216	$	380	$	3,098	$	3,478	$	23	$	17
Loan receivables	26		2		12		40		1,631		1,671		11		11
Financed service contracts and other	79		243		424		746		2,178		2,924		20		10
Total	$	224	$	290	$	652	$	1,166	$	6,907	$	8,073	$	54	$	38

	DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
July 28, 2012	31-60		61-90		91+		Total Past Due		Current		Gross Receivables, Net of Unearned Income		Non-Accrual Financing Receivables		Impaired Financing Receivables
Lease receivables	$	151	$	69	$	173	$	393	$	2,786	$	3,179	$	23	$	14
Loan receivables	10		8		11		29		1,767		1,796		4		4
Financed service contracts and other	89		68		392		549		2,102		2,651		18		10
Total	$	250	$	145	$	576	$	971	$	6,655	$	7,626	$	45	$	28

Allowance For Credit Loss And Related Financing Receivables

The allowances for credit loss and the related financing receivables are summarized as follows (in millions):

	CREDIT LOSS ALLOWANCES
Three Months Ended April 27, 2013	Lease Receivables			Loan Receivables			Financed Service Contracts and Other		Total
Allowance for credit loss as of January 26, 2013	$	247		$	101		$	13	$	361
Provisions	30			8			6		44
Write-offs net of recoveries	(29		)	(15		)	—		(44		)
Foreign exchange and other	(3		)	(1		)	—		(4		)
Allowance for credit loss as of April 27, 2013	$	245		$	93		$	19	$	357
Gross receivables as of April 27, 2013, net of unearned income	$	3,478		$	1,671		$	2,924	$	8,073

	CREDIT LOSS ALLOWANCES
Nine Months Ended April 27, 2013	Lease Receivables			Loan Receivables			Financed Service Contracts and Other		Total
Allowance for credit loss as of July 28, 2012	$	247		$	122		$	11	$	380
Provisions	27			(15		)	8		20
Write-offs net of recoveries	(29		)	(15		)	—		(44		)
Foreign exchange and other	—			1			—		1
Allowance for credit loss as of April 27, 2013	$	245		$	93		$	19	$	357
Gross receivables as of April 27, 2013, net of unearned income	$	3,478		$	1,671		$	2,924	$	8,073

	CREDIT LOSS ALLOWANCES
Three Months Ended April 28, 2012	Lease Receivables			Loan Receivables		Financed Service Contracts and Other		Total
Allowance for credit loss as of January 28, 2012	$	250		$	110	$	9	$	369
Provisions	3			7		2		12
Write-offs net of recoveries	(1		)	—		—		(1		)
Foreign exchange and other	—			1		—		1
Allowance for credit loss as of April 28, 2012	$	252		$	118	$	11	$	381
Gross receivables as of April 28, 2012, net of unearned income	$	3,153		$	1,827	$	2,628	$	7,608

	CREDIT LOSS ALLOWANCES
Nine Months Ended April 28, 2012	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Allowance for credit loss as of July 30, 2011	$	237		$	103		$	27		$	367
Provisions	23			16			(14		)	25
Write-offs net of recoveries	(1		)	—			—			(1		)
Foreign exchange and other	(7		)	(1		)	(2		)	(10		)
Allowance for credit loss as of April 28, 2012	$	252		$	118		$	11		$	381
Gross receivables as of April 28, 2012, net of unearned income	$	3,153		$	1,827		$	2,628		$	7,608

Financing Guarantees

Financing Guarantee Summary  The aggregate amounts of financing guarantees outstanding at April 27, 2013 and July 28, 2012, representing the total maximum potential future payments under financing arrangements with third parties along with the related deferred revenue, are summarized in the following table (in millions):

	April 27, 2013			July 28, 2012
Maximum potential future payments relating to financing guarantees:
Channel partner	$	391		$	277
End user	255			232
Total	$	646		$	509
Deferred revenue associated with financing guarantees:
Channel partner	$	(227	)	$	(193	)
End user	(223		)	(200		)
Total	$	(450	)	$	(393	)
Maximum potential future payments relating to financing guarantees, net of associated deferred revenue	$	196		$	116