Financing Receivables and Operating Leases (Tables)

9 Months Ended

Apr. 30, 2016

Receivables [Abstract]

Financing Receivables

A summary of the Company's financing receivables is presented as follows (in millions):

April 30, 2016	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Gross	$	3,245		$	2,223		$	3,504		$	8,972
Residual value	205			—			—			205
Unearned income	(178		)	—			—			(178		)
Allowance for credit loss	(250		)	(93		)	(40		)	(383		)
Total, net	$	3,022		$	2,130		$	3,464		$	8,616
Reported as:
Current	$	1,495		$	1,052		$	2,169		$	4,716
Noncurrent	1,527			1,078			1,295			3,900
Total, net	$	3,022		$	2,130		$	3,464		$	8,616

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

Contractual Maturities Of The Gross Lease Receivables

Future minimum lease payments to the Company on lease receivables as of April 30, 2016 are summarized as follows (in millions):

Fiscal Year	Amount
2016 (remaining three months)	$	408
2017	1,430
2018	833
2019	402
2020	152
Thereafter	20
Total	$	3,245

Actual cash collections may differ from the contractual maturities due to early customer buyouts, refinancings, or defaults.

Schedule Of Internal Credit Risk Rating For Each Portfolio Segment And Class

Gross receivables, excluding residual value, less unearned income categorized by the Company’s internal credit risk rating as of April 30, 2016 and July 25, 2015 are summarized as follows (in millions):

	INTERNAL CREDIT RISK RATING
April 30, 2016	1 to 4		5 to 6		7 and Higher		Total
Lease receivables	$	1,677	$	1,276	$	114	$	3,067
Loan receivables	991		1,079		153		2,223
Financed service contracts and other	2,216		1,242		46		3,504
Total	$	4,884	$	3,597	$	313	$	8,794

	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

Schedule Of Financing Receivables By Portfolio Segment And Class Aging Analysis

The following tables present the aging analysis of gross receivables, excluding residual value and less unearned income as of April 30, 2016 and July 25, 2015 (in millions):

	DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
April 30, 2016	31-60		61-90		91+		Total Past Due		Current		Total		Nonaccrual Financing Receivables		Impaired Financing Receivables
Lease receivables	$	41	$	44	$	181	$	266	$	2,801	$	3,067	$	67	$	65
Loan receivables	51		11		78		140		2,083		2,223		47		47
Financed service contracts and other	79		115		237		431		3,073		3,504		36		16
Total	$	171	$	170	$	496	$	837	$	7,957	$	8,794	$	150	$	128

	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

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
Three months ended April 30, 2016	Lease Receivables			Loan Receivables		Financed Service Contracts and Other		Total
Allowance for credit loss as of January 23, 2016	$	248		$	80	$	37	$	365
Provisions	7			8		2		17
Recoveries (write-offs), net	(6		)	—		—		(6		)
Foreign exchange and other	1			5		1		7
Allowance for credit loss as of April 30, 2016	$	250		$	93	$	40	$	383

	CREDIT LOSS ALLOWANCES
Nine months ended April 30, 2016	Lease Receivables			Loan Receivables		Financed Service Contracts and Other			Total
Allowance for credit loss as of July 25, 2015	$	259		$	87	$	36		$	382
Provisions	3			2		7			12
Recoveries (write-offs), net	(10		)	—		(4		)	(14		)
Foreign exchange and other	(2		)	4		1			3
Allowance for credit loss as of April 30, 2016	$	250		$	93	$	40		$	383

	CREDIT LOSS ALLOWANCES
Three months ended April 25, 2015	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Allowance for credit loss as of January 24, 2015	$	250		$	85		$	40		$	375
Provisions	(4		)	(5		)	(2		)	(11		)
Recoveries (write-offs), net	(1		)	—			—			(1		)
Foreign exchange and other	(3		)	—			(1		)	(4		)
Allowance for credit loss as of April 25, 2015	$	242		$	80		$	37		$	359

	CREDIT LOSS ALLOWANCES
Nine months ended April 25, 2015	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Allowance for credit loss as of July 26, 2014	$	233		$	98		$	18		$	349
Provisions	25			(15		)	21			31
Recoveries (write-offs), net	(6		)	1			—			(5		)
Foreign exchange and other	(10		)	(4		)	(2		)	(16		)
Allowance for credit loss as of April 25, 2015	$	242		$	80		$	37		$	359

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):

	April 30, 2016			July 25, 2015
Operating lease assets	$	325		$	372
Accumulated depreciation	(184		)	(205		)
Operating lease assets, net	$	141		$	167

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Minimum future rentals on noncancelable operating leases as of April 30, 2016 are summarized as follows (in millions):

Fiscal Year	Amount
2016 (remaining three months)	$	54
2017	189
2018	129
2019	39
2020	8
Thereafter	5
Total	$	424