Fair Value (Tables)

12 Months Ended

Jul. 26, 2014

Assets And Liabilities Measured At Fair Value On A Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of July 26, 2014 and July 27, 2013 were as follows (in millions):



	JULY 26, 2014 FAIR VALUE MEASUREMENTS								JULY 27, 2013 FAIR VALUE MEASUREMENTS
	Level 1		Level 2		Level 3		Total Balance		Level 1		Level 2		Total Balance
Assets:
Cash equivalents:
Money market funds	$	4,935	$	—	$	—	$	4,935	$	6,045	$	—	$	6,045
Available-for-sale investments:
U.S. government securities	—		31,734		—		31,734		—		27,823		27,823
U.S. government agency securities	—		1,063		—		1,063		—		3,089		3,089
Non-U.S. government and agency securities	—		861		—		861		—		1,095		1,095
Corporate debt securities	—		9,159		—		9,159		—		7,881		7,881
U.S. agency mortgage-backed securities	—		579		—		579		—		—		—
Publicly traded equity securities	1,952		—		—		1,952		2,797		—		2,797
Derivative assets	—		158		2		160		—		182		182
Total	$	6,887	$	43,554	$	2	$	50,443	$	8,842	$	40,070	$	48,912
Liabilities:
Derivative liabilities	$	—	$	67	$	—	$	67	$	—	$	171	$	171
Total	$	—	$	67	$	—	$	67	$	—	$	171	$	171

Fair Value On A Nonrecurring Basis

The following table presents 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):



	July 26, 2014					July 27, 2013					July 28, 2012
	Net Carrying Value as of Year End		Total Gains (Losses) for the Year Ended			Net Carrying Value as of Year End		Total Gains (Losses) for the Year Ended			Net Carrying Value as of Year End		Total Gains (Losses) for the Year Ended
Assets held for sale	$	—	$	—		$	1	$	(1	)	$	63	$	(413	)
Investments in privately held companies (impaired)	$	28	(21		)	$	63	(31		)	$	47	(23		)
Purchased intangible assets	$	—	—			$	—	—			$	—	(12		)
Gains (losses) on assets no longer held at end of fiscal year			(2		)			75					14
Total gains (losses) for nonrecurring measurements			$	(23	)			$	43				$	(434	)