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Financing Receivables and Operating Leases (Tables)
 12 Months Ended
Jul. 26, 2014
Receivables [Abstract]  
Financing Receivables
A summary of the Company's financing receivables is presented as follows (in millions):
July 26, 2014
Lease
Receivables
 
Loan
Receivables
 
Financed
Service
Contracts and Other
 
Total
Gross
$
3,532

 
$
1,683

 
$
3,210

 
$
8,425

Residual value
233

 
—

 
—

 
233

Unearned income
(238
)
 
—

 
—

 
(238
)
Allowance for credit loss
(233
)
 
(98
)
 
(18
)
 
(349
)
Total, net
$
3,294

 
$
1,585

 
$
3,192

 
$
8,071

Reported as:
 
 
 
 
 
 
 
Current
$
1,476

 
$
728

 
$
1,949

 
$
4,153

Noncurrent
1,818

 
857

 
1,243

 
3,918

Total, net
$
3,294

 
$
1,585

 
$
3,192

 
$
8,071

July 27, 2013
Lease
Receivables
 
Loan
Receivables
 
Financed
Service
Contracts and Other
 
Total
Gross
$
3,529

 
$
1,649

 
$
3,136

 
$
8,314

Residual value
251

 
—

 
—

 
251

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
Future minimum lease payments at July 26, 2014 are summarized as follows (in millions):
Fiscal Year
Amount
2015
$
1,608

2016
1,049

2017
590

2018
227

2019
58

Total
$
3,532
Schedule Of Internal Credit Risk Rating For Each Portfolio Segment And Class
Gross receivables less unearned income categorized by the Company’s internal credit risk rating as of July 26, 2014 and July 27, 2013 are summarized as follows (in millions):
 
INTERNAL CREDIT RISK RATING
July 26, 2014
1 to 4
 
5 to 6
 
7 and Higher
 
Total
Lease receivables
$
1,615

 
$
1,538

 
$
141

 
$
3,294

Loan receivables
953

 
593

 
137

 
1,683

Financed service contracts and other
1,744

 
1,367

 
99

 
3,210

Total
$
4,312

 
$
3,498

 
$
377

 
$
8,187

 
INTERNAL CREDIT RISK RATING
July 27, 2013
1 to 4
 
5 to 6
 
7 and Higher
 
Total
Lease receivables
$
1,681

 
$
1,482

 
$
93

 
$
3,256

Loan receivables
842

 
777

 
30

 
1,649

Financed service contracts and other
1,876

 
1,141

 
119

 
3,136

Total
$
4,399

 
$
3,400

 
$
242

 
$
8,041
Schedule Of Financing Receivables By Portfolio Segment And Class Aging Analysis
The following tables present the aging analysis of gross receivables less unearned income as of July 26, 2014 and July 27, 2013 (in millions):
 
DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
 
 
 
 
 
 
 
 
July 26, 2014
31-60
 
61-90 
 
91+
 
Total
Past Due
 
Current
 
Total
 
Nonaccrual
Financing
Receivables
 
Impaired
Financing
Receivables
Lease receivables
$
104

 
$
43

 
$
165

 
$
312

 
$
2,982

 
$
3,294

 
$
48

 
$
41

Loan receivables
2

 
1

 
16

 
19

 
1,664

 
1,683

 
19

 
19

Financed service contracts and other
301

 
238

 
230

 
769

 
2,441

 
3,210

 
12

 
9

Total
$
407

 
$
282

 
$
411

 
$
1,100

 
$
7,087

 
$
8,187

 
$
79

 
$
69

 
DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
 
 
 
 
 
 
 
 
July 27, 2013
31-60
 
61-90 
 
91+
 
Total
Past Due
 
Current
 
Total
 
Nonaccrual
Financing
Receivables
 
Impaired
Financing
Receivables
Lease receivables
$
85

 
$
48

 
$
124

 
$
257

 
$
2,999

 
$
3,256

 
$
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

 
$
7,249

 
$
8,041

 
$
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
 
Lease
Receivables
 
Loan
Receivables
 
Financed Service
Contracts and Other
 
Total
Allowance for credit loss as of July 27, 2013
$
238

 
$
86

 
$
20

 
$
344

Provisions
4

 
9

 
1

 
14

Recoveries (write-offs), net
(11
)
 
5

 
(3
)
 
(9
)
Foreign exchange and other
2

 
(2
)
 
—

 
—

Allowance for credit loss as of July 26, 2014
$
233

 
$
98

 
$
18

 
$
349

Financing receivables as of July 26, 2014 (1)
$
3,527

 
$
1,683

 
$
3,210

 
$
8,420

 
CREDIT LOSS ALLOWANCES
 
Lease
Receivables
 
Loan
Receivables
 
Financed Service
Contracts and Other
 
Total
Allowance for credit loss as of July 28, 2012
$
247

 
$
122

 
$
11

 
$
380

Provisions
21

 
(20
)
 
10

 
11

Recoveries (write-offs), net
(30
)
 
(15
)
 
(1
)
 
(46
)
Foreign exchange and other
—

 
(1
)
 
—

 
(1
)
Allowance for credit loss as of July 27, 2013
$
238

 
$
86

 
$
20

 
$
344

Financing receivables as of July 27, 2013 (1)
$
3,507

 
$
1,649

 
$
3,136

 
$
8,292

 
CREDIT LOSS ALLOWANCES
 
Lease
Receivables
 
Loan
Receivables
 
Financed Service
Contracts and Other
 
Total
Allowance for credit loss as of July 30, 2011
$
237

 
$
103

 
$
27

 
$
367

Provisions
22

 
22

 
(13
)
 
31

Recoveries (write-offs), net
(2
)
 
—

 
(1
)
 
(3
)
Foreign exchange and other
(10
)
 
(3
)
 
(2
)
 
(15
)
Allowance for credit loss as of July 28, 2012
$
247

 
$
122

 
$
11

 
$
380

Financing receivables as of July 28, 2012 (1)
$
3,179

 
$
1,796

 
$
2,651

 
$
7,626


(1) Total financing receivables before allowance for credit loss.
Schedule of Property Subject to or Available for Operating Lease
Amounts relating to equipment on operating lease assets and the associated accumulated depreciation are summarized as follows (in millions):
 
July 26, 2014
 
July 27, 2013
Operating lease assets
$
362

 
$
326

Accumulated depreciation
(202
)
 
(203
)
Operating lease assets, net
$
160

 
$
123