Financing Receivables and Operating Leases (Tables)

3 Months Ended

Oct. 29, 2016

Receivables [Abstract]

Financing Receivables

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

October 29, 2016	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Gross	$	3,202		$	2,236		$	4,239		$	9,677
Residual value	197			—			—			197
Unearned income	(163		)	—			—			(163		)
Allowance for credit loss	(227		)	(111		)	(48		)	(386		)
Total, net	$	3,009		$	2,125		$	4,191		$	9,325
Reported as:
Current	$	1,504		$	1,021		$	2,016		$	4,541
Noncurrent	1,505			1,104			2,175			4,784
Total, net	$	3,009		$	2,125		$	4,191		$	9,325

July 30, 2016	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Gross	$	3,272		$	2,135		$	3,370		$	8,777
Residual value	202			—			—			202
Unearned income	(174		)	—			—			(174		)
Allowance for credit loss	(230		)	(97		)	(48		)	(375		)
Total, net	$	3,070		$	2,038		$	3,322		$	8,430
Reported as:
Current	$	1,490		$	988		$	1,794		$	4,272
Noncurrent	1,580			1,050			1,528			4,158
Total, net	$	3,070		$	2,038		$	3,322		$	8,430

Contractual Maturities Of The Gross Lease Receivables

Future minimum lease payments to the Company on lease receivables as of October 29, 2016 are summarized as follows (in millions):

Fiscal Year	Amount
2017 (remaining nine months)	$	1,222
2018	1,066
2019	587
2020	260
2021	65
Thereafter	2
Total	$	3,202

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 October 29, 2016 and July 30, 2016 are summarized as follows (in millions):

	INTERNAL CREDIT RISK RATING
October 29, 2016	1 to 4		5 to 6		7 and Higher		Total
Lease receivables	$	1,652	$	1,293	$	94	$	3,039
Loan receivables	1,081		976		179		2,236
Financed service contracts and other	2,898		1,313		28		4,239
Total	$	5,631	$	3,582	$	301	$	9,514

	INTERNAL CREDIT RISK RATING
July 30, 2016	1 to 4		5 to 6		7 and Higher		Total
Lease receivables	$	1,703	$	1,294	$	101	$	3,098
Loan receivables	986		967		182		2,135
Financed service contracts and other	2,077		1,271		22		3,370
Total	$	4,766	$	3,532	$	305	$	8,603

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 October 29, 2016 and July 30, 2016 (in millions):

	DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
October 29, 2016	31-60		61-90		91+		Total Past Due		Current		Total		Nonaccrual Financing Receivables		Impaired Financing Receivables
Lease receivables	$	86	$	70	$	249	$	405	$	2,634	$	3,039	$	55	$	55
Loan receivables	25		23		95		143		2,093		2,236		42		42
Financed service contracts and other	317		338		367		1,022		3,217		4,239		29		9
Total	$	428	$	431	$	711	$	1,570	$	7,944	$	9,514	$	126	$	106

	DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
July 30, 2016	31-60		61-90		91+		Total Past Due		Current		Total		Nonaccrual Financing Receivables		Impaired Financing Receivables
Lease receivables	$	111	$	25	$	251	$	387	$	2,711	$	3,098	$	60	$	60
Loan receivables	30		9		37		76		2,059		2,135		42		42
Financed service contracts and other	213		152		565		930		2,440		3,370		30		10
Total	$	354	$	186	$	853	$	1,393	$	7,210	$	8,603	$	132	$	112

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
	Lease Receivables			Loan Receivables		Financed Service Contracts and Other		Total
Allowance for credit loss as of July 30, 2016	$	230		$	97	$	48	$	375
Provisions	(4		)	12		—		8
Foreign exchange and other	1			2		—		3
Allowance for credit loss as of October 29, 2016	$	227		$	111	$	48	$	386

	CREDIT LOSS ALLOWANCES
	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Allowance for credit loss as of July 25, 2015	$	259		$	87		$	36		$	382
Provisions	—			4			—			4
Recoveries (write-offs), net	(4		)	—			(3		)	(7		)
Foreign exchange and other	—			(1		)	—			(1		)
Allowance for credit loss as of October 24, 2015	$	255		$	90		$	33		$	378

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):

	October 29, 2016			July 30, 2016
Operating lease assets	$	301		$	296
Accumulated depreciation	(168		)	(161		)
Operating lease assets, net	$	133		$	135

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

Minimum future rentals on noncancelable operating leases as of October 29, 2016 are summarized as follows (in millions):

Fiscal Year	Amount
2017 (remaining nine months)	$	179
2018	142
2019	53
2020	8
2021	4
Thereafter	1
Total	$	387