Employee Benefit Plans (Tables)

3 Months Ended

Oct. 25, 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):

	Three Months Ended
	October 25, 2014			October 26, 2013
Cost of sales—product	$	11		$	10
Cost of sales—service	37			33
Share-based compensation expense in cost of sales	48			43
Research and development	119			92
Sales and marketing	147			123
General and administrative	59			54
Restructuring and other charges	(4		)	(3		)
Share-based compensation expense in operating expenses	321			266
Total share-based compensation expense	$	369		$	309
Income tax benefit for share-based compensation	$	94		$	78

Summary Of Share-Based Awards Available For Grant

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

	Share-Based Awards Available for Grant
BALANCE AT July 27, 2013	228
Restricted stock, stock units, and other share-based awards granted	(98	)
Share-based awards canceled/forfeited/expired	36
Additional shares reserved	135
Shares withheld for taxes and not issued	6
Other	3
BALANCE AT July 26, 2014	310
Restricted stock, stock units, and other share-based awards granted	(27	)
Share-based awards canceled/forfeited/expired	16
Shares withheld for taxes and not issued	20
BALANCE AT October 25, 2014	319

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 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
Granted and assumed	15		23.17
Vested	(38	)	19.51		$	968
Canceled/forfeited	(6	)	19.48
UNVESTED BALANCE AT OCTOBER 25, 2014	120		$	20.02

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 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
Assumed from acquisitions	1		2.72
Exercised	(19	)	18.66
Canceled/forfeited/expired	(6	)	29.05
BALANCE AT OCTOBER 25, 2014	163		$	26.63

Summary Of Significant Ranges Of Outstanding And Exercisable Stock Options

The following table summarizes significant ranges of outstanding and exercisable stock options as of October 25, 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	7	5.3	$	4.07	$	145	4	$	5.41	$	74
15.01 – 18.00	1	1.0	17.32		7		1	17.32		7
18.01 – 20.00	2	0.5	19.60		9		2	19.60		9
20.01 – 25.00	55	1.0	22.87		51		54	22.87		51
25.01 – 30.00	26	1.7	26.59		—		26	26.59		—
30.01 – 35.00	72	1.8	32.16		—		72	32.16		—
Total	163	1.6	$	26.63	$	212	159	$	27.13	$	141

Schedule of Assumptions Used

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

	RESTRICTED STOCK UNITS						PERFORMANCE RESTRICTED STOCK UNITS
Three Months Ended	October 25, 2014			October 26, 2013			October 25, 2014			October 26, 2013
Number of shares granted (in millions)	9			10			6			4
Grant date fair value per share	$	23.10		$	23.11		$	23.31		$	22.70
Weighted-average assumptions/inputs:
Expected dividend yield	3.0		%	2.7		%	3.0		%	2.3		%
Range of risk-free interest rates	0.0% – 1.8%			0.0% – 1.4%			0.0% – 1.8%			0.0% – 1.4%
Range of expected volatilities for index	N/A			N/A			15.1% – 70.0%			17.4% – 70.5%