Employee Benefit Plans (Tables)

9 Months Ended

Apr. 30, 2016

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				Nine Months Ended
	April 30, 2016		April 25, 2015		April 30, 2016		April 25, 2015
Cost of sales—product	$	21	$	12	$	50	$	34
Cost of sales—service	37		44		110		115
Share-based compensation expense in cost of sales	58		56		160		149
Research and development	130		114		351		338
Sales and marketing	148		147		413		408
General and administrative	59		50		163		151
Restructuring and other charges	—		—		14		(2		)
Share-based compensation expense in operating expenses	337		311		941		895
Total share-based compensation expense	$	395	$	367	$	1,101	$	1,044
Income tax benefit for share-based compensation	$	91	$	88	$	289	$	267

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	(68	)
Share-based awards canceled/forfeited/expired	26
Shares withheld for taxes and not issued	26
Other	1
BALANCE AT APRIL 30, 2016	261

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	51		24.73
Vested	(46	)	20.33		$	1,188
Canceled/forfeited	(12	)	22.75
UNVESTED BALANCE AT APRIL 30, 2016	136		$	23.60

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	18		5.14
Exercised	(25	)	19.60
Canceled/forfeited/expired	(13	)	29.62
BALANCE AT APRIL 30, 2016	83		$	26.16

Summary Of Significant Ranges Of Outstanding And Exercisable Stock Options

The following table summarizes significant ranges of outstanding and exercisable stock options as of April 30, 2016 (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	17	6.4	$	5.49	$	366	6	$	5.11	$	138
$ 20.01 – 25.00	2	0.6	22.97		7		2	22.97		7
$ 25.01 – 30.00	7	0.7	26.88		8		7	26.88		8
$ 30.01 – 35.00	57	0.4	32.16		—		57	32.16		—
Total	83	1.6	$	26.16	$	381	72	$	29.12	$	153

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	April 30, 2016			April 25, 2015			April 30, 2016			April 25, 2015
Number of shares granted (in millions)	2			33			1			1
Grant date fair value per share	$	24.01		$	25.31		$	23.32		$	25.87
Weighted-average assumptions/inputs:
Expected dividend yield	3.6		%	2.8		%	3.6		%	3.0		%
Range of risk-free interest rates	0.2% – 1.1%			0.0% – 1.4%			0.2% – 1.1%			0.0% – 1.4%
Range of expected volatilities for index	N/A			N/A			N/A			N/A

	RESTRICTED STOCK UNITS						PERFORMANCE RESTRICTED STOCK UNITS
Nine Months Ended	April 30, 2016			April 25, 2015			April 30, 2016			April 25, 2015
Number of shares granted (in millions)	38			44			5			8
Grant date fair value per share	$	24.87		$	24.83		$	24.56		$	23.97
Weighted-average assumptions/inputs:
Expected dividend yield	3.2		%	2.9		%	3.0		%	3.0		%
Range of risk-free interest rates	0.0% – 1.2%			0.0% – 1.8%			0.0% – 1.2%			0.0% – 1.8%
Range of expected volatilities for index	N/A			N/A			15.3% – 54.3%			14.4% – 70.0%