Investments (Tables)

12 Months Ended

Jul. 27, 2013

Summary Of Available-For-Sale Investments

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



July 27, 2013	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Fixed income securities:
U.S. government securities	$	27,814	$	22	$	(13	)	$	27,823
U.S. government agency securities	3,083		7		(1		)	3,089
Non-U.S. government and agency securities	1,094		3		(2		)	1,095
Corporate debt securities	7,876		55		(50		)	7,881
Total fixed income securities	39,867		87		(66		)	39,888
Publicly traded equity securities	2,063		738		(4		)	2,797
Total	$	41,930	$	825	$	(70	)	$	42,685

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

Gross Realized Gains And Gross Realized Losses Related To Available-For-Sale Investment

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



Years Ended	July 27, 2013			July 28, 2012			July 30, 2011
Gross realized gains	$	264		$	561		$	322
Gross realized losses	(216		)	(460		)	(143		)
Total	$	48		$	101		$	179

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



Years Ended	July 27, 2013		July 28, 2012		July 30, 2011
Net gains on investments in publicly traded equity securities	$	17	$	43	$	88
Net gains on investments in fixed income securities	31		58		91
Total	$	48	$	101	$	179

Available-For-Sale Investments With Gross Unrealized Losses

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



	UNREALIZED LOSSES LESS THAN 12 MONTHS					UNREALIZED LOSSES 12 MONTHS OR GREATER					TOTAL
July 27, 2013	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Fixed income securities:
U.S. government securities	$	7,865	$	(13	)	$	—	$	—		$	7,865	$	(13	)
U.S. government agency securities	294		(1		)	—		—			294		(1		)
Non-U.S. government and agency securities	432		(2		)	—		—			432		(2		)
Corporate debt securities	3,704		(50		)	4		—			3,708		(50		)
Total fixed income securities	12,295		(66		)	4		—			12,299		(66		)
Publicly traded equity securities	278		(4		)	—		—			278		(4		)
Total	$	12,573	$	(70	)	$	4	$	—		$	12,577	$	(70	)

	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	)

Maturities of Fixed Income Securities

The following table summarizes the maturities of the Company’s fixed income securities at July 27, 2013 (in millions):



	Amortized Cost		Fair Value
Less than 1 year	$	15,903	$	15,918
Due in 1 to 2 years	11,115		11,144
Due in 2 to 5 years	12,706		12,681
Due after 5 years	143		145
Total	$	39,867	$	39,888