Fair Value (Tables)

6 Months Ended

Jan. 25, 2014

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of January 25, 2014 and July 27, 2013 were as follows (in millions):



	JANUARY 25, 2014 FAIR VALUE MEASUREMENTS						JULY 27, 2013 FAIR VALUE MEASUREMENTS
	Level 1		Level 2		Total Balance		Level 1		Level 2		Total Balance
Assets
Cash equivalents:
Money market funds	$	3,337	$	—	$	3,337	$	6,045	$	—	$	6,045
Available-for-sale investments:
U.S. government securities	—		29,191		29,191		—		27,823		27,823
U.S. government agency securities	—		1,309		1,309		—		3,089		3,089
Non-U.S. government and agency securities	—		688		688		—		1,095		1,095
Corporate debt securities	—		8,090		8,090		—		7,881		7,881
U.S. agency mortgage-backed securities	—		453		453		—		—		—
Publicly traded equity securities	1,995		—		1,995		2,797		—		2,797
Derivative assets	—		164		164		—		182		182
Total	$	5,332	$	39,895	$	45,227	$	8,842	$	40,070	$	48,912
Liabilities:
Derivative liabilities	$	—	$	53	$	53	$	—	$	171	$	171
Total	$	—	$	53	$	53	$	—	$	171	$	171

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

The following tables present the Company’s financial instruments and nonfinancial assets that were measured at fair value on a nonrecurring basis during the indicated periods and the related recognized gains and losses for the periods (in millions):



	January 25, 2014
	Net Carrying Value as of End of Period		Total Losses for the Three Months Ended			Total Losses for the Six Months Ended
Investments in privately held companies (impaired)	$	2	$	(9	)	$	(10	)



	January 26, 2013
	Net Carrying Value as of End of Period		Total Losses for the Three Months Ended			Total Losses for the Six Months Ended
Investments in privately held companies (impaired)	$	60	$	(8	)	$	(18	)