Borrowings (Tables)

12 Months Ended

Jul. 25, 2015

Debt Disclosure [Abstract]

Schedule Of Short-Term Debt

The following table summarizes the Company’s short-term debt (in millions, except percentages):

	July 25, 2015				July 26, 2014
	Amount		Effective Rate		Amount		Effective Rate
Current portion of long-term debt	$	3,894	2.48	%	$	500	3.11	%
Other notes and borrowings	3		2.44	%	8		2.67	%
Total short-term debt	$	3,897			$	508

Schedule Of Long-Term Debt

The following table summarizes the Company’s long-term debt (in millions, except percentages):

			July 25, 2015				July 26, 2014
	Maturity Date		Amount			Effective Rate	Amount			Effective Rate
Senior notes:
Floating-rate notes:
Three-month LIBOR plus 0.05%	September 3, 2015		$	850		0.43%	$	850		0.35%
Three-month LIBOR plus 0.28%	March 3, 2017		1,000			0.63%	1,000			0.56%
Three-month LIBOR plus 0.31%	June 15, 2018	(1)	900			0.65%	—			—
Three-month LIBOR plus 0.50%	March 1, 2019		500			0.84%	500			0.78%
Fixed-rate notes:
2.90%	November 17, 2014		—			—	500			3.11%
5.50%	February 22, 2016		3,000			3.07%	3,000			3.04%
1.10%	March 3, 2017		2,400			0.59%	2,400			0.56%
3.15%	March 14, 2017		750			0.85%	750			0.79%
1.65%	June 15, 2018	(1)	1,600			1.72%	—			—
4.95%	February 15, 2019		2,000			4.70%	2,000			4.69%
2.125%	March 1, 2019		1,750			0.80%	1,750			0.77%
4.45%	January 15, 2020		2,500			3.01%	2,500			2.98%
2.45%	June 15, 2020	(1)	1,500			2.54%	—			—
2.90%	March 4, 2021		500			0.96%	500			0.93%
3.00%	June 15, 2022	(1)	500			1.21%	—			—
3.625%	March 4, 2024		1,000			1.08%	1,000			1.05%
3.50%	June 15, 2025	(1)	500			1.37%	—			—
5.90%	February 15, 2039		2,000			6.11%	2,000			6.11%
5.50%	January 15, 2040		2,000			5.67%	2,000			5.67%
Other long-term debt			1			2.08%	4			2.39%
Total			25,251				20,754
Unaccreted discount/issuance costs			(131		)		(127		)
Hedge accounting fair value adjustments			231				210
Total			$	25,351			$	20,837
Reported as:
Current portion of long-term debt			$	3,894			$	500
Long-term debt			21,457				20,337
Total			$	25,351			$	20,837

⁽¹⁾ In June 2015, the Company issued senior notes for an aggregate principal amount of $5.0 billion.

Schedule Of Principal Payments For Long-Term Debt

As of July 25, 2015, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions):

Fiscal Year	Amount
2016	$	3,850
2017	4,151
2018	2,500
2019	4,250
2020	4,000
Thereafter	6,500
Total	$	25,251