Employee Benefit Plans (Tables)

3 Months Ended

Oct. 24, 2015

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 24, 2015		October 25, 2014
Cost of sales—product	$	13	$	11
Cost of sales—service	38		37
Share-based compensation expense in cost of sales	51		48
Research and development	114		119
Sales and marketing	139		147
General and administrative	57		59
Restructuring and other charges	15		(4		)
Share-based compensation expense in operating expenses	325		321
Total share-based compensation expense	$	376	$	369
Income tax benefit for share-based compensation	$	95	$	94

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 26, 2014	310
Restricted stock, stock units, and other share-based awards granted	(101	)
Share-based awards canceled/forfeited/expired	40
Shares withheld for taxes and not issued	27
BALANCE AT JULY 25, 2015	276
Restricted stock, stock units, and other share-based awards granted	(23	)
Share-based awards canceled/forfeited/expired	8
Shares withheld for taxes and not issued	22
Other	1
BALANCE AT OCTOBER 24, 2015	284

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		Aggregate Fair  Value
UNVESTED BALANCE AT JULY 26, 2014	149		$	19.54
Granted and assumed	67		25.29
Vested	(57	)	19.82		$	1,517
Canceled/forfeited	(16	)	20.17
UNVESTED BALANCE AT JULY 25, 2015	143		22.08
Granted and assumed	15		24.07
Vested	(37	)	20.24		$	970
Canceled/forfeited	(5	)	22.10
UNVESTED BALANCE AT OCTOBER 24, 2015	116		$	22.93

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 26, 2014	187		$	26.03
Assumed from acquisitions	1		2.60
Exercised	(71	)	21.15
Canceled/forfeited/expired	(14	)	29.68
BALANCE AT JULY 25, 2015	103		28.68
Assumed from acquisitions	3		2.13
Exercised	(17	)	22.10
Canceled/forfeited/expired	(5	)	30.15
BALANCE AT OCTOBER 24, 2015	84		$	29.09

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 24, 2015 (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 – 20.00	5	6.1	$	3.88	$	150	2	$	5.14	$	76
$ 20.01 – 25.00	3	0.9	23.12		16		3	23.12		16
$ 25.01 – 30.00	13	0.8	26.84		32		13	26.85		32
$ 30.01 – 35.00	63	0.9	32.16		—		63	32.16		—
Total	84	1.2	$	29.09	$	198	81	$	29.99	$	124

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 24, 2015			October 25, 2014			October 24, 2015			October 25, 2014
Number of shares granted (in millions)	9			9			4			6
Grant date fair value per share	$	24.02		$	23.10		$	24.61		$	23.31
Weighted-average assumptions/inputs:
Expected dividend yield	3.2		%	3.0		%	3.2		%	3.0		%
Range of risk-free interest rates	0.0% – 1.1%			0.0% – 1.8%			0.0% – 1.1%			0.0% – 1.8%
Range of expected volatilities for index	N/A			N/A			15.3% – 54.3%			15.1% – 70.0%