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Financing Receivables And Guarantees (Tables)
 3 Months Ended
Oct. 26, 2013
Financing Receivables And Guarantees [Abstract]  
Financing Receivables
A summary of the Company’s financing receivables is presented as follows (in millions):
October 26, 2013
Lease Receivables
 
Loan Receivables
 
Financed Service Contracts and Other
 
Total Financing Receivables
Gross
$
3,813

 
$
1,808

 
$
3,018

 
$
8,639

Unearned income
(264
)
 
—

 
—

 
(264
)
Allowance for credit loss
(237
)
 
(93
)
 
(20
)
 
(350
)
Total, net
$
3,312

 
$
1,715

 
$
2,998

 
$
8,025

Reported as:
 
 
 
 
 
 
 
Current
$
1,463

 
$
951

 
$
1,718

 
$
4,132

Noncurrent
1,849

 
764

 
1,280

 
3,893

Total, net
$
3,312

 
$
1,715

 
$
2,998

 
$
8,025

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
Contractual Maturities Of The Gross Lease Receivables
Contractual maturities of the gross lease receivables at October 26, 2013 are summarized as follows (in millions):
Fiscal Year
 
Amount
2014 (remaining nine months)
 
$
1,338

2015
 
1,251

2016
 
746

2017
 
364

2018
 
109

Thereafter
 
5

Total
 
$
3,813
Schedule Of Internal Credit Risk Rating For Each Portfolio Segment
Financing receivables categorized by the Company’s internal credit risk rating as of October 26, 2013 and July 27, 2013 are summarized as follows (in millions):
 
INTERNAL CREDIT RISK RATING
 
 
 
 
 
 
October 26, 2013
1 to 4
 
5 to 6
 
7 and Higher
 
Total
 
Residual Value
 
Gross Receivables,
Net of Unearned Income
Lease receivables
$
1,695

 
$
1,498

 
$
104

 
$
3,297

 
$
252

 
$
3,549

Loan receivables
981

 
777

 
50

 
1,808

 
—

 
1,808

Financed service contracts and other
1,792

 
1,110

 
116

 
3,018

 
—

 
3,018

Total
$
4,468

 
$
3,385

 
$
270

 
$
8,123

 
$
252

 
$
8,375

 
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
Schedule Of Financing Receivables By Portfolio Segment And Class Aging Analysis
The following tables present the aging analysis of financing receivables as of October 26, 2013 and July 27, 2013 (in millions):
 
DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
 
 
 
 
 
 
 
 
October 26, 2013
31-60
 
61-90 
 
91+
 
Total Past Due
 
Current
 
Gross Receivables,
Net of Unearned Income
 
Nonaccrual Financing Receivables
 
Impaired Financing Receivables
Lease receivables
$
135

 
$
60

 
$
148

 
$
343

 
$
3,206

 
$
3,549

 
$
28

 
$
24

Loan receivables
28

 
2

 
16

 
46

 
1,762

 
1,808

 
7

 
17

Financed service contracts and other
85

 
41

 
277

 
403

 
2,615

 
3,018

 
12

 
11

Total
$
248

 
$
103

 
$
441

 
$
792

 
$
7,583

 
$
8,375

 
$
47

 
$
52

 
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
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 October 26, 2013
Lease Receivables
 
Loan Receivables
 
Financed Service Contracts and Other
 
Total
Allowance for credit loss as of July 27, 2013
$
238

 
$
86

 
$
20

 
$
344

Provisions
(3
)
 
6

 
—

 
3

Foreign exchange and other
2

 
1

 
—

 
3

Allowance for credit loss as of October 26, 2013
$
237

 
$
93

 
$
20

 
$
350

Gross receivables as of October 26, 2013, net of unearned income
$
3,549

 
$
1,808

 
$
3,018

 
$
8,375

 
CREDIT LOSS ALLOWANCES
Three Months Ended October 27, 2012
Lease Receivables
 
Loan Receivables
 
Financed Service Contracts and Other
 
Total
Allowance for credit loss as of July 28, 2012
$
247

 
$
122

 
$
11

 
$
380

Provisions
(2
)
 
(10
)
 
1

 
(11
)
Foreign exchange and other
3

 
2

 
—

 
5

Allowance for credit loss as of October 27, 2012
$
248

 
$
114

 
$
12

 
$
374

Gross receivables as of October 27, 2012, net of unearned income
$
3,340

 
$
1,816

 
$
2,639

 
$
7,795
Financing Guarantees
The aggregate amounts of financing guarantees outstanding at October 26, 2013 and July 27, 2013, 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):
 
October 26,
2013
 
July 27,
2013
Maximum potential future payments relating to financing guarantees:
 
 
 
Channel partner
$
483

 
$
438

End user
223

 
237

Total
$
706

 
$
675

Deferred revenue associated with financing guarantees:
 
 
 
Channel partner
$
(232
)
 
$
(225
)
End user
(189
)
 
(191
)
Total
$
(421
)
 
$
(416
)
Maximum potential future payments relating to financing guarantees, net of associated deferred revenue
$
285

 
$
259