Financing Receivables And Guarantees (Tables)

6 Months Ended

Jan. 25, 2014

Financing Receivables And Guarantees [Abstract]

Financing Receivables

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

January 25, 2014	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total Financing Receivables
Gross	$	3,803		$	1,660		$	2,807		$	8,270
Unearned income	(252		)	—			—			(252		)
Allowance for credit loss	(254		)	(98		)	(22		)	(374		)
Total, net	$	3,297		$	1,562		$	2,785		$	7,644
Reported as:
Current	$	1,471		$	824		$	1,721		$	4,016
Noncurrent	1,826			738			1,064			3,628
Total, net	$	3,297		$	1,562		$	2,785		$	7,644

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 January 25, 2014 are summarized as follows (in millions):

Fiscal Year	Amount
2014 (remaining six months)	$	992
2015	1,365
2016	848
2017	439
2018	159
Thereafter	—
Total	$	3,803

Schedule Of Internal Credit Risk Rating For Each Portfolio Segment

Financing receivables categorized by the Company’s internal credit risk rating as of January 25, 2014 and July 27, 2013 are summarized as follows (in millions):

	INTERNAL CREDIT RISK RATING
January 25, 2014	1 to 4		5 to 6		7 and Higher		Total		Residual Value		Gross Receivables, Net of Unearned Income
Lease receivables	$	1,608	$	1,558	$	139	$	3,305	$	246	$	3,551
Loan receivables	890		682		88		1,660		—		1,660
Financed service contracts and other	1,641		1,060		106		2,807		—		2,807
Total	$	4,139	$	3,300	$	333	$	7,772	$	246	$	8,018

	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 January 25, 2014 and July 27, 2013 (in millions):

	DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
January 25, 2014	31-60		61-90		91+		Total Past Due		Current		Gross Receivables, Net of Unearned Income		Nonaccrual Financing Receivables		Impaired Financing Receivables
Lease receivables	$	86	$	40	$	162	$	288	$	3,263	$	3,551	$	59	$	53
Loan receivables	6		5		11		22		1,638		1,660		16		16
Financed service contracts and other	201		66		227		494		2,313		2,807		11		8
Total	$	293	$	111	$	400	$	804	$	7,214	$	8,018	$	86	$	77

	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 January 25, 2014	Lease Receivables			Loan Receivables			Financed Service Contracts and Other		Total
Allowance for credit loss as of October 26, 2013	$	237		$	93		$	20	$	350
Provisions	18			9			2		29
Recoveries (write-offs), net	1			—			—		1
Foreign exchange and other	(2		)	(4		)	—		(6		)
Allowance for credit loss as of January 25, 2014	$	254		$	98		$	22	$	374
Gross receivables as of January 25, 2014, net of unearned income	$	3,551		$	1,660		$	2,807	$	8,018

	CREDIT LOSS ALLOWANCES
Six Months Ended January 25, 2014	Lease Receivables		Loan Receivables			Financed Service Contracts and Other		Total
Allowance for credit loss as of July 27, 2013	$	238	$	86		$	20	$	344
Provisions	15		15			2		32
Recoveries (write-offs), net	1		—			—		1
Foreign exchange and other	—		(3		)	—		(3		)
Allowance for credit loss as of January 25, 2014	$	254	$	98		$	22	$	374

	CREDIT LOSS ALLOWANCES
Three Months Ended January 26, 2013	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Allowance for credit loss as of October 27, 2012	$	248		$	114		$	12		$	374
Provisions	(1		)	(14		)	2			(13		)
Foreign exchange and other	—			1			(1		)	—
Allowance for credit loss as of January 26, 2013	$	247		$	101		$	13		$	361
Gross receivables as of January 26, 2013, net of unearned income	$	3,444		$	1,785		$	2,863		$	8,092

	CREDIT LOSS ALLOWANCES
Six Months Ended January 26, 2013	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Allowance for credit loss as of July 28, 2012	$	247		$	122		$	11		$	380
Provisions	(3		)	(24		)	3			(24		)
Foreign exchange and other	3			3			(1		)	5
Allowance for credit loss as of January 26, 2013	$	247		$	101		$	13		$	361

Financing Guarantees

The aggregate amounts of financing guarantees outstanding at January 25, 2014 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):

	January 25, 2014			July 27, 2013
Maximum potential future payments relating to financing guarantees:
Channel partner	$	479		$	438
End user	226			237
Total	$	705		$	675
Deferred revenue associated with financing guarantees:
Channel partner	$	(251	)	$	(225	)
End user	(189		)	(191		)
Total	$	(440	)	$	(416	)
Maximum potential future payments relating to financing guarantees, net of associated deferred revenue	$	265		$	259