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Derivative Instruments (Tables)
12 Months Ended
Jul. 27, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives Recorded At Fair Value
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
 
July 27, 2013
 
July 28, 2012
 
Balance Sheet Line Item
 
July 27, 2013
 
July 28, 2012
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency derivatives
Other current assets
 
$
33

 
$
24

 
Other current liabilities
 
$
7

 
$
26

Interest rate derivatives
Other assets
 
147

 
223

 
Other long-term liabilities
 
2

 

Equity derivatives
Other current assets
 

 

 
Other current liabilities
 
155

 
4

Total
 
 
180

 
247

 
 
 
164

 
30

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
Foreign currency derivatives
Other current assets
 
2

 
16

 
Other current liabilities
 
7

 
12

Equity derivatives
Other assets
 

 
1

 
Other long-term liabilities
 

 

Total
 
 
2

 
17

 
 
 
7

 
12

Total
 
 
$
182

 
$
264

 
 
 
$
171

 
$
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 OCI and the Consolidated Statements of Operations are summarized as follows (in millions):
GAINS (LOSSES) RECOGNIZED
IN OCI ON DERIVATIVES FOR
THE YEARS ENDED (EFFECTIVE PORTION)
 
GAINS (LOSSES) RECLASSIFIED FROM
AOCI INTO INCOME FOR
THE YEARS ENDED (EFFECTIVE PORTION)
 
 
July 27, 2013
 
July 28, 2012
 
July 30, 2011
 
Line Item in Statements of Operations
 
July 27, 2013
 
July 28, 2012
 
July 30, 2011
Derivatives designated as cash flow hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency derivatives
 
$
73

 
$
(131
)
 
$
87

 
Operating expenses
 
$
10

 
$
(59
)
 
$
89

 
 
 
 
 
 
 
 
Cost of sales - service
 
2

 
(14
)
 
17

Interest rate derivatives
 

 

 

 
Interest expense
 

 
1

 
2

Total
 
$
73

 
$
(131
)
 
$
87

 
 
 
$
12

 
$
(72
)
 
$
108

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives designated as net investment hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency derivatives
 
$
(1
)
 
$
23

 
$
(10
)
 
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
YEARS ENDED
 
GAINS (LOSSES)
RELATED TO HEDGED
ITEMS FOR THE YEARS
ENDED
Derivatives Designated as Fair Value Hedging Instruments
 
Line Item in Statements of Operations
 
July 27, 2013
 
July 28, 2012
 
July 30, 2011
 
July 27, 2013
 
July 28, 2012
 
July 30, 2011
Equity derivatives
 
Other income (loss), net
 
$
(155
)
 
$
(4
)
 
$

 
$
155

 
$
4

 
$

Interest rate derivatives
 
Interest expense
 
(78
)
 
78

 
74

 
78

 
(80
)
 
(77
)
Total
 
 
 
$
(233
)
 
$
74

 
$
74

 
$
233

 
$
(76
)
 
$
(77
)
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
YEARS ENDED
Derivatives Not Designated as Hedging Instruments
 
Line Item in Statements of Operations
 
July 27, 2013
 
July 28, 2012
 
July 30, 2011
Foreign currency derivatives
 
Other income (loss), net
 
$
(74
)
 
$
(206
)
 
$
264

Total return swaps - deferred compensation
 
Cost of sales - product
 

 
4

 

Total return swaps - deferred compensation
 
Operating expenses
 
61

 
3

 
33

Equity derivatives
 
Other income (loss), net
 

 
6

 
25

Total
 
 
 
$
(13
)
 
$
(193
)
 
$
322

Schedule Of Notional Amounts Of Derivatives Outstanding
The notional amounts of the Company’s outstanding derivatives are summarized as follows (in millions):
 
July 27, 2013
 
July 28, 2012
Derivatives designated as hedging instruments:
 
 
 
Foreign currency derivatives - cash flow hedges
$
1,885

 
$
2,910

Interest rate derivatives
5,250

 
4,250

Net investment hedging instruments
662

 
468

Equity derivatives
1,098

 
272

Derivatives not designated as hedging instruments:
 
 
 
Foreign currency derivatives
3,739

 
6,241

Total return swaps-deferred compensation
358

 
269

Total
$
12,992

 
$
14,410