Fair Value (Tables)

9 Months Ended

Apr. 26, 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 April 26, 2014 and July 27, 2013 were as follows (in millions):



	APRIL 26, 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	$	4,475	$	—	$	4,475	$	6,045	$	—	$	6,045
Available-for-sale investments:
U.S. government securities	—		31,703		31,703		—		27,823		27,823
U.S. government agency securities	—		1,061		1,061		—		3,089		3,089
Non-U.S. government and agency securities	—		820		820		—		1,095		1,095
Corporate debt securities	—		8,115		8,115		—		7,881		7,881
U.S. agency mortgage-backed securities	—		570		570		—		—		—
Publicly traded equity securities	1,959		—		1,959		2,797		—		2,797
Derivative assets	—		148		148		—		182		182
Total	$	6,434	$	42,417	$	48,851	$	8,842	$	40,070	$	48,912
Liabilities:
Derivative liabilities	$	—	$	54	$	54	$	—	$	171	$	171
Total	$	—	$	54	$	54	$	—	$	171	$	171

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

For the three and nine months ended April 27, 2013, the Company’s financial instruments and nonfinancial assets that were measured at fair value on a nonrecurring basis are summarized as follows (in millions):



	April 27, 2013
	Net Carrying Value as of End of Period		Total Gains (Losses) for the Three Months Ended			Total Gains (Losses) for the Nine Months Ended
Assets held for sale	$	72	$	44		$	44
Investments in privately held companies (impaired)	$	66	(5		)	(23		)
Gains on assets no longer held at period end			34			34
Net losses for nonrecurring measurement			$	73		$	55