Borrowings (Tables)

3 Months Ended

Oct. 24, 2015

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



	October 24, 2015				July 25, 2015
	Amount		Effective Rate		Amount		Effective Rate
Current portion of long-term debt	$	3,025	3.09	%	$	3,894	2.48	%
Other short-term debt	2		2.08	%	3		2.44	%
Total	$	3,027			$	3,897

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



		October 24, 2015				July 25, 2015
	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%
Three-month LIBOR plus 0.28%	March 3, 2017	1,000			0.68%	1,000			0.63%
Three-month LIBOR plus 0.31%	June 15, 2018	900			0.71%	900			0.65%
Three-month LIBOR plus 0.50%	March 1, 2019	500			0.88%	500			0.84%
Fixed-rate notes:
5.50%	February 22, 2016	3,000			3.09%	3,000			3.07%
1.10%	March 3, 2017	2,400			0.60%	2,400			0.59%
3.15%	March 14, 2017	750			0.90%	750			0.85%
1.65%	June 15, 2018	1,600			1.72%	1,600			1.72%
4.95%	February 15, 2019	2,000			4.70%	2,000			4.70%
2.125%	March 1, 2019	1,750			0.81%	1,750			0.80%
4.45%	January 15, 2020	2,500			3.02%	2,500			3.01%
2.45%	June 15, 2020	1,500			2.54%	1,500			2.54%
2.90%	March 4, 2021	500			0.97%	500			0.96%
3.00%	June 15, 2022	500			1.22%	500			1.21%
3.625%	March 4, 2024	1,000			1.09%	1,000			1.08%
3.50%	June 15, 2025	500			1.38%	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%
Total		24,400				25,251
Unaccreted discount/issuance costs		(128		)		(131		)
Hedge accounting fair value adjustments		347				231
Total		$	24,619			$	25,351

Reported as:
Current portion of long-term debt		$	3,025			$	3,894
Long-term debt		21,594				21,457
Total		$	24,619			$	25,351

As of October 24, 2015, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions):