Employee Benefit Plans (Tables)

12 Months Ended

Jul. 26, 2014

Compensation and Retirement Disclosure [Abstract]

Summary Of Share-Based Compensation Expense

Share-based compensation expense consists primarily of expenses for stock options, stock purchase rights, restricted stock, and restricted stock units granted to employees. The following table summarizes share-based compensation expense (in millions):

Years Ended	July 26, 2014			July 27, 2013			July 28, 2012
Cost of sales—product	$	45		$	40		$	53
Cost of sales—service	150			138			156
Share-based compensation expense in cost of sales	195			178			209
Research and development	411			286			401
Sales and marketing	549			484			588
General and administrative	198			175			203
Restructuring and other charges	(5		)	(3		)	—
Share-based compensation expense in operating expenses	1,153			942			1,192
Total share-based compensation expense	$	1,348		$	1,120		$	1,401
Income tax benefit for share-based compensation	$	324		$	285		$	335

Summary Of Share-Based Awards Available For Grant

A summary of share-based awards available for grant is as follows (in millions):

Years Ended	July 26, 2014		July 27, 2013		July 28, 2012
Balance at beginning of fiscal year	228		218		255
Restricted stock, stock units, and other share-based awards granted	(98	)	(102	)	(95	)
Share-based awards canceled/forfeited/expired	36		115		64
Additional shares reserved	135		—		—
Shares withheld for taxes and not issued	6		—		—
Other	3		(3	)	(6	)
Balance at end of fiscal year	310		228		218

Summary Of Restricted Stock And Stock Unit Activity

A summary of the restricted stock and stock unit activity, which includes time-based and performance-based or market-based restricted stock units, is as follows (in millions, except per-share amounts):

	Restricted Stock/ Stock Units		Weighted-Average Grant Date Fair Value per Share		Aggregated Fair Market Value
UNVESTED BALANCE AT JULY 30, 2011	116		$	21.50
Granted and assumed	65		17.45
Vested	(35	)	21.94		$	580
Canceled/forfeited	(18	)	20.38
UNVESTED BALANCE AT JULY 28, 2012	128		19.46
Granted and assumed	72		18.52
Vested	(46	)	20.17		$	932
Canceled/forfeited	(11	)	18.91
UNVESTED BALANCE AT JULY 27, 2013	143		18.80
Granted and assumed	72		20.85
Vested	(53	)	19.55		$	1,229
Canceled/forfeited	(13	)	18.61
UNVESTED BALANCE AT JULY 26, 2014	149		$	19.54

Summary Of Stock Option Activity

A summary of the stock option activity is as follows (in millions, except per-share amounts):

	STOCK OPTIONS OUTSTANDING
	Number Outstanding		Weighted-Average Exercise Price per Share
BALANCE AT JULY 30, 2011	621		$	21.79
Assumed from acquisitions	1		2.08
Exercised	(66	)	13.51
Canceled/forfeited/expired	(36	)	23.40
BALANCE AT JULY 28, 2012	520		22.68
Assumed from acquisitions	10		0.77
Exercised	(154	)	18.51
Canceled/forfeited/expired	(100	)	22.18
BALANCE AT JULY 27, 2013	276		24.44
Assumed from acquisitions	6		3.60
Exercised	(78	)	18.30
Canceled/forfeited/expired	(17	)	27.53
BALANCE AT JULY 26, 2014	187		$	26.03

Summary Of Significant Ranges Of Outstanding And Exercisable Stock Options

The following table summarizes significant ranges of outstanding and exercisable stock options as of July 26, 2014 (in millions, except years and share prices):

	STOCK OPTIONS OUTSTANDING						STOCK OPTIONS EXERCISABLE
Range of Exercise Prices	Number Outstanding	Weighted- Average Remaining Contractual Life (in Years)	Weighted- Average Exercise Price per Share		Aggregate Intrinsic Value		Number Exercisable	Weighted- Average Exercise Price per Share		Aggregate Intrinsic Value
$  0.01 – 15.00	8	5.2	$	4.00	$	172	4	$	5.54	$	85
15.01 – 18.00	11	0.3	17.79		93		11	17.79		93
18.01 – 20.00	3	0.7	19.38		20		3	19.38		20
20.01 – 25.00	62	1.2	22.86		192		62	22.86		192
25.01 – 30.00	27	1.9	26.59		4		27	26.59		4
30.01 – 35.00	76	2.0	32.16		—		76	32.16		—
Total	187	1.7	$	26.03	$	481	183	$	26.50	$	394

Schedule of Assumptions Used

The assumptions for the valuation of time-based RSUs and PRSUs are summarized as follows:

	RESTRICTED STOCK UNITS
Years Ended	July 26, 2014			July 27, 2013			July 28, 2012
Number of shares granted (in millions)	56			64			62
Grant date fair value per share	$	20.61		$	18.39		$	17.26
Weighted-average assumptions/inputs:
Expected dividend yield	3.1		%	3.0		%	1.5		%
Range of risk-free interest rates	0.0% – 1.7%			0.0% – 1.1%			0.0% – 1.1%

	PERFORMANCE RESTRICTED STOCK UNITS
Years Ended	July 26, 2014			July 27, 2013			July 28, 2012
Number of shares granted (in millions)	7			4			2
Grant date fair value per share	$	21.90		$	19.73		$	22.17
Weighted-average assumptions/inputs:
Expected dividend yield	3.0		%	2.9		%	1.3		%
Range of risk-free interest rates	0.0% – 1.7%			0.1% – 0.7%			0.0% – 0.9%
Range of expected volatilities for index	14.2% – 70.5%			18.3% – 78.3%			19.8% – 60.8%

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

The assumptions for the valuation of employee stock purchase rights are summarized as follows:

	EMPLOYEE STOCK PURCHASE RIGHTS
Years Ended	July 26, 2014			July 27, 2013			July 28, 2012
Weighted-average assumptions:
Expected volatility	25.1		%	28.7		%	27.2		%
Risk-free interest rate	0.1		%	0.4		%	0.2		%
Expected dividend	2.8		%	1.5		%	1.5		%
Expected life (in years)	0.8			1.8			0.8
Weighted-average estimated grant date fair value per share	$	5.54		$	4.68		$	3.81