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Financing Receivables And Guarantees (Tables)
 9 Months Ended
Apr. 26, 2014
Financing Receivables And Guarantees [Abstract]  
Financing Receivables
A summary of the Company’s financing receivables is presented as follows (in millions):
April 26, 2014
Lease Receivables
 
Loan Receivables
 
Financed Service Contracts and Other
 
Total Financing Receivables
Gross
$
3,783

 
$
1,621

 
$
2,810

 
$
8,214

Unearned income
(246
)
 
—

 
—

 
(246
)
Allowance for credit loss
(249
)
 
(92
)
 
(19
)
 
(360
)
Total, net
$
3,288

 
$
1,529

 
$
2,791

 
$
7,608

Reported as:
 
 
 
 
 
 
 
Current
$
1,480

 
$
814

 
$
1,777

 
$
4,071

Noncurrent
1,808

 
715

 
1,014

 
3,537

Total, net
$
3,288

 
$
1,529

 
$
2,791

 
$
7,608

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 April 26, 2014 are summarized as follows (in millions):
Fiscal Year
 
Amount
2014 (remaining three months)
 
$
589

2015
 
1,471

2016
 
971

2017
 
524

2018
 
194

Thereafter
 
34

Total
 
$
3,783
Schedule Of Internal Credit Risk Rating For Each Portfolio Segment
Financing receivables categorized by the Company’s internal credit risk rating as of April 26, 2014 and July 27, 2013 are summarized as follows (in millions):
 
INTERNAL CREDIT RISK RATING
 
 
 
 
 
 
April 26, 2014
1 to 4
 
5 to 6
 
7 and Higher
 
Total
 
Residual Value
 
Gross Receivables,
Net of Unearned Income
Lease receivables
$
1,604

 
$
1,557

 
$
133

 
$
3,294

 
$
243

 
$
3,537

Loan receivables
894

 
595

 
132

 
1,621

 
—

 
1,621

Financed service contracts and other
1,569

 
1,160

 
81

 
2,810

 
—

 
2,810

Total
$
4,067

 
$
3,312

 
$
346

 
$
7,725

 
$
243

 
$
7,968

 
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 April 26, 2014 and July 27, 2013 (in millions):
 
DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
 
 
 
 
 
 
 
 
April 26, 2014
31-60
 
61-90 
 
91+
 
Total Past Due
 
Current
 
Gross Receivables,
Net of Unearned Income
 
Nonaccrual Financing Receivables
 
Impaired Financing Receivables
Lease receivables
$
83

 
$
41

 
$
165

 
$
289

 
$
3,248

 
$
3,537

 
$
67

 
$
54

Loan receivables
5

 
6

 
15

 
26

 
1,595

 
1,621

 
8

 
8

Financed service contracts and other
228

 
96

 
239

 
563

 
2,247

 
2,810

 
11

 
8

Total
$
316

 
$
143

 
$
419

 
$
878

 
$
7,090

 
$
7,968

 
$
86

 
$
70

 
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 April 26, 2014
Lease Receivables
 
Loan Receivables
 
Financed Service Contracts and Other
 
Total
Allowance for credit loss as of January 25, 2014
$
254

 
$
98

 
$
22

 
$
374

Provisions
(6
)
 
(10
)
 
(2
)
 
(18
)
Recoveries (write-offs), net
(1
)
 
4

 
(1
)
 
2

Foreign exchange and other
2

 
—

 
—

 
2

Allowance for credit loss as of April 26, 2014
$
249

 
$
92

 
$
19

 
$
360

Gross receivables as of April 26, 2014, net of unearned income
$
3,537

 
$
1,621

 
$
2,810

 
$
7,968


 
CREDIT LOSS ALLOWANCES
Nine Months Ended April 26, 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
9

 
5

 
—

 
14

Recoveries (write-offs), net
—

 
4

 
(1
)
 
3

Foreign exchange and other
2

 
(3
)
 
—

 
(1
)
Allowance for credit loss as of April 26, 2014
$
249

 
$
92

 
$
19

 
$
360




 
CREDIT LOSS ALLOWANCES
Three Months Ended April 27, 2013
Lease Receivables
 
Loan Receivables
 
Financed Service Contracts and Other
 
Total
Allowance for credit loss as of January 26, 2013
$
247

 
$
101

 
$
13

 
$
361

Provisions
30

 
8

 
6

 
44

Recoveries (write-offs), net
(29
)
 
(15
)
 
—

 
(44
)
Foreign exchange and other
(3
)
 
(1
)
 
—

 
(4
)
Allowance for credit loss as of April 27, 2013
$
245

 
$
93

 
$
19

 
$
357

Gross receivables as of April 27, 2013, net of unearned income
$
3,478

 
$
1,671

 
$
2,924

 
$
8,073

 
CREDIT LOSS ALLOWANCES
Nine Months Ended April 27, 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
27

 
(15
)
 
8

 
20

Recoveries (write-offs), net
(29
)
 
(15
)
 
—

 
(44
)
Foreign exchange and other
—

 
1

 
—

 
1

Allowance for credit loss as of April 27, 2013
$
245

 
$
93

 
$
19

 
$
357
Financing Guarantees
The aggregate amounts of financing guarantees outstanding at April 26, 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):
 
April 26,
2014
 
July 27,
2013
Maximum potential future payments relating to financing guarantees:
 
 
 
Channel partner
$
247

 
$
438

End user
229

 
237

Total
$
476

 
$
675

Deferred revenue associated with financing guarantees:
 
 
 
Channel partner
$
(132
)
 
$
(225
)
End user
(198
)
 
(191
)
Total
$
(330
)
 
$
(416
)
Maximum potential future payments relating to financing guarantees, net of associated deferred revenue
$
146

 
$
259