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Financing Receivables and Operating Leases (Tables)
 12 Months Ended
Jul. 25, 2015
Receivables [Abstract]  
Financing Receivables
A summary of the Company's financing receivables is presented as follows (in millions):
July 25, 2015
Lease
Receivables
 
Loan
Receivables
 
Financed Service
Contracts and Other
 
Total
Gross
$
3,361

 
$
1,763

 
$
3,573

 
$
8,697

Residual value
224

 
—

 
—

 
224

Unearned income
(190
)
 
—

 
—

 
(190
)
Allowance for credit loss
(259
)
 
(87
)
 
(36
)
 
(382
)
Total, net
$
3,136

 
$
1,676

 
$
3,537

 
$
8,349

Reported as:
 
 
 
 
 
 
 
Current
$
1,468

 
$
856

 
$
2,167

 
$
4,491

Noncurrent
1,668

 
820

 
1,370

 
3,858

Total, net
$
3,136

 
$
1,676

 
$
3,537

 
$
8,349

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
Contractual Maturities Of The Gross Lease Receivables
Future minimum lease payments to be received as of July 25, 2015 are summarized as follows (in millions):
Fiscal Year
Amount
2016
$
1,613

2017
999

2018
503

2019
202

2020
44

Total
$
3,361
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 25, 2015 and July 26, 2014 are summarized as follows (in millions):
 
INTERNAL CREDIT RISK RATING
July 25, 2015
1 to 4
 
5 to 6
 
7 and Higher
 
Total
Lease receivables
$
1,688

 
$
1,342

 
$
141

 
$
3,171

Loan receivables
788

 
823

 
152

 
1,763

Financed service contracts and other
2,133

 
1,389

 
51

 
3,573

Total
$
4,609

 
$
3,554

 
$
344

 
$
8,507

 
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
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 25, 2015 and July 26, 2014 (in millions):
 
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
 
 
 
 
 
 
 
 
July 25, 2015
31 - 60
 
61 - 90 
 
91+
 
Total
Past Due
 
Current
 
Total
 
Nonaccrual
Financing
Receivables
 
Impaired
Financing
Receivables
Lease receivables
$
90

 
$
27

 
$
185

 
$
302

 
$
2,869

 
$
3,171

 
$
73

 
$
73

Loan receivables
21

 
3

 
25

 
49

 
1,714

 
1,763

 
32

 
32

Financed service contracts and other
396

 
152

 
414

 
962

 
2,611

 
3,573

 
29

 
9

Total
$
507

 
$
182

 
$
624

 
$
1,313

 
$
7,194

 
$
8,507

 
$
134

 
$
114

 
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
$
63

 
$
46

 
$
202

 
$
311

 
$
2,983

 
$
3,294

 
$
48

 
$
41

Loan receivables
3

 
21

 
27

 
51

 
1,632

 
1,683

 
19

 
19

Financed service contracts and other
268

 
230

 
220

 
718

 
2,492

 
3,210

 
12

 
9

Total
$
334

 
$
297

 
$
449

 
$
1,080

 
$
7,107

 
$
8,187

 
$
79

 
$
69
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 26, 2014
$
233

 
$
98

 
$
18

 
$
349

Provisions
45

 
(8
)
 
20

 
57

Recoveries (write-offs), net
(7
)
 
1

 
(1
)
 
(7
)
Foreign exchange and other
(12
)
 
(4
)
 
(1
)
 
(17
)
Allowance for credit loss as of July 25, 2015
$
259

 
$
87

 
$
36

 
$
382

Financing receivables as of July 25, 2015 (1)
$
3,395

 
$
1,763

 
$
3,573

 
$
8,731

 
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


(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 25, 2015
 
July 26, 2014
Operating lease assets
$
372

 
$
362

Accumulated depreciation
(205
)
 
(202
)
Operating lease assets, net
$
167

 
$
160