Financing Receivables And Guarantees (Tables)

12 Months Ended

Jul. 27, 2013

Financing Receivables And Guarantees [Abstract]

Financing Receivables

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

July 27, 2013	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total Financing Receivables
Gross	$	3,780		$	1,649		$	3,136		$	8,565
Unearned income	(273		)	—			—			(273		)
Allowance for credit loss	(238		)	(86		)	(20		)	(344		)
Total, net	$	3,269		$	1,563		$	3,116		$	7,948
Reported as:
Current	$	1,418		$	898		$	1,721		$	4,037
Noncurrent	1,851			665			1,395			3,911
Total, net	$	3,269		$	1,563		$	3,116		$	7,948

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 July 27, 2013 are summarized as follows (in millions):

Fiscal Year	Amount
2014	$	1,656
2015	1,114
2016	632
2017	301
2018	75
Thereafter	2
Total	$	3,780

Schedule Of Internal Credit Risk Rating For Each Portfolio Segment And Class

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

	INTERNAL CREDIT RISK RATING
July 27, 2013	1 to 4		5 to 6		7 and Higher		Total		Residual Value		Gross Receivables, Net of Unearned Income
Lease receivables	$	1,681	$	1,482	$	93	$	3,256	$	251	$	3,507
Loan receivables	842		777		30		1,649		—		1,649
Financed service contracts and other	1,876		1,141		119		3,136		—		3,136
Total	$	4,399	$	3,400	$	242	$	8,041	$	251	$	8,292

	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 July 27, 2013 and July 28, 2012 (in millions):

	DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
July 27, 2013	31-60		61-90		91+		Total Past Due		Current		Gross Receivables, Net of Unearned Income		Nonaccrual Financing Receivables		Impaired Financing Receivables
Lease receivables	$	85	$	48	$	124	$	257	$	3,250	$	3,507	$	27	$	22
Loan receivables	6		3		11		20		1,629		1,649		11		9
Financed service contracts and other	75		48		392		515		2,621		3,136		18		11
Total	$	166	$	99	$	527	$	792	$	7,500	$	8,292	$	56	$	42

	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		Nonaccrual 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
	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Allowance for credit loss as of July 28, 2012	$	247		$	122		$	11		$	380
Provisions	21			(20		)	10			11
Write-offs, net of recoveries	(30		)	(15		)	(1		)	(46		)
Foreign exchange and other	—			(1		)	—			(1		)
Allowance for credit loss as of July 27, 2013	$	238		$	86		$	20		$	344
Gross receivables as of July 27, 2013, net of unearned income	$	3,507		$	1,649		$	3,136		$	8,292

	CREDIT LOSS ALLOWANCES
	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Allowance for credit loss as of July 30, 2011	$	237		$	103		$	27		$	367
Provisions	22			22			(13		)	31
Write-offs, net of recoveries	(2		)	—			(1		)	(3		)
Foreign exchange and other	(10		)	(3		)	(2		)	(15		)
Allowance for credit loss as of July 28, 2012	$	247		$	122		$	11		$	380
Gross receivables as of July 28, 2012, net of unearned income	$	3,179		$	1,796		$	2,651		$	7,626

	CREDIT LOSS ALLOWANCES
	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Allowance for credit loss as of July 31, 2010	$	207		$	73		$	21		$	301
Provisions	31			43			8			82
Write-offs, net of recoveries	(13		)	(18		)	(2		)	(33		)
Foreign exchange and other	12			5			—			17
Allowance for credit loss as of July 30, 2011	$	237		$	103		$	27		$	367
Gross receivables as of July 30, 2011, net of unearned income	$	2,861		$	1,468		$	2,637		$	6,966

Schedule Of Financing Guarantees Outstanding

The aggregate amounts of financing guarantees outstanding at July 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):

	July 27, 2013			July 28, 2012
Maximum potential future payments relating to financing guarantees:
Channel partner	$	438		$	277
End user	237			232
Total	$	675		$	509
Deferred revenue associated with financing guarantees:
Channel partner	$	(225	)	$	(193	)
End user	(191		)	(200		)
Total	$	(416	)	$	(393	)
Maximum potential future payments relating to financing guarantees, net of associated deferred revenue	$	259		$	116