Fair Value (Tables)

12 Months Ended

Jul. 30, 2016

Assets And Liabilities Measured At Fair Value On A Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of July 30, 2016 and July 25, 2015 were as follows (in millions):



	JULY 30, 2016								JULY 25, 2015
	FAIR VALUE MEASUREMENTS								FAIR VALUE MEASUREMENTS
	Level 1		Level 2		Level 3		Total Balance		Level 1		Level 2		Level 3		Total Balance
Assets:
Cash equivalents:
Money market funds	$	6,049	$	—	$	—	$	6,049	$	5,336	$	—	$	—	$	5,336
Corporate debt securities	—		43		—		43		—		14		—		14
Available-for-sale investments:
U.S. government securities	—		26,544		—		26,544		—		29,939		—		29,939
U.S. government agency securities	—		2,817		—		2,817		—		3,663		—		3,663
Non-U.S. government and agency securities	—		1,100		—		1,100		—		1,128		—		1,128
Corporate debt securities	—		24,292		—		24,292		—		15,783		—		15,783
U.S. agency mortgage-backed securities	—		1,868		—		1,868		—		1,461		—		1,461
Publicly traded equity securities	1,504		—		—		1,504		1,565		—		—		1,565
Derivative assets	—		384		1		385		—		214		4		218
Total	$	7,553	$	57,048	$	1	$	64,602	$	6,901	$	52,202	$	4	$	59,107
Liabilities:
Derivative liabilities	$	—	$	54	$	—	$	54	$	—	$	12	$	—	$	12
Total	$	—	$	54	$	—	$	54	$	—	$	12	$	—	$	12

Fair Value On A Nonrecurring Basis

The following table presents the Company’s assets that were measured at fair value on a nonrecurring basis during the indicated periods and the related recognized gains and losses for the periods indicated (in millions):



	TOTAL GAINS (LOSSES) FOR THE YEARS ENDED
	July 30, 2016			July 25, 2015			July 26, 2014
Investments in privately held companies (impaired)	$	(57	)	$	(38	)	$	(21	)
Purchased intangible assets (impaired)	(74		)	(175		)	—
Gains (losses) on assets no longer held at end of fiscal year	(10		)	(8		)	(2		)
Total gains (losses) for nonrecurring measurements	$	(141	)	$	(221	)	$	(23	)