Investments (Tables)

3 Months Ended

Oct. 26, 2013

Schedule of Available-for-sale Securities Reconciliation

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



October 26, 2013	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Fixed income securities:
U.S. government securities	$	28,603	$	37	$	(2	)	$	28,638
U.S. government agency securities	2,394		5		—			2,399
Non-U.S. government and agency securities	907		3		(1		)	909
Corporate debt securities	7,974		73		(21		)	8,026
U.S. agency mortgage-backed securities	456		5		—			461
Total fixed income securities	40,334		123		(24		)	40,433
Publicly traded equity securities	1,820		696		(2		)	2,514
Total	$	42,154	$	819	$	(26	)	$	42,947



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

Schedule of Realized Gain (Loss)

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



	Three Months Ended
	October 26, 2013			October 27, 2012
Gross realized gains	$	95		$	63
Gross realized losses	(12		)	(36		)
Total	$	83		$	27

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



	Three Months Ended
	October 26, 2013		October 27, 2012
Net gains (losses) on investments in publicly traded equity securities	$	75	$	10
Net gains on investments in fixed income securities	8		17
Total	$	83	$	27

Schedule of Unrealized Loss on Investments

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 October 26, 2013 and July 27, 2013 (in millions):



	UNREALIZED LOSSES LESS THAN 12 MONTHS					UNREALIZED LOSSES 12 MONTHS OR GREATER				TOTAL
October 26, 2013	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Fixed income securities:
U.S. government securities	$	3,303	$	(2	)	$	8	$	—	$	3,311	$	(2	)
U.S. government agency securities	201		—			—		—		201		—
Non-U.S. government and agency securities	208		(1		)	2		—		210		(1		)
Corporate debt securities	2,357		(21		)	13		—		2,370		(21		)
U.S. agency mortgage-backed securities	32		—			—		—		32		—
Total fixed income securities	6,101		(24		)	23		—		6,124		(24		)
Publicly traded equity securities	45		(2		)	—		—		45		(2		)
Total	$	6,146	$	(26	)	$	23	$	—	$	6,169	$	(26	)



	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	)

Investments Classified by Contractual Maturity Date

The following table summarizes the maturities of the Company’s fixed income securities at October 26, 2013 (in millions):



	Amortized Cost		Fair Value
Less than 1 year	$	15,286	$	15,297
Due in 1 to 2 years	12,310		12,346
Due in 2 to 5 years	12,160		12,204
Due after 5 years	578		586
Total	$	40,334	$	40,433