Financing Receivables and Operating Leases (Tables)

6 Months Ended

Jan. 28, 2017

Receivables [Abstract]

Financing Receivables

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

January 28, 2017	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Gross	$	2,967		$	2,369		$	4,165		$	9,501
Residual value	191			—			—			191
Unearned income	(154		)	—			—			(154		)
Allowance for credit loss	(225		)	(106		)	(47		)	(378		)
Total, net	$	2,779		$	2,263		$	4,118		$	9,160
Reported as:
Current	$	1,419		$	1,040		$	2,037		$	4,496
Noncurrent	1,360			1,223			2,081			4,664
Total, net	$	2,779		$	2,263		$	4,118		$	9,160

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 January 28, 2017 are summarized as follows (in millions):

Fiscal Year	Amount
2017 (remaining six months)	$	768
2018	1,141
2019	656
2020	300
2021	95
Thereafter	7
Total	$	2,967

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 January 28, 2017 and July 30, 2016 are summarized as follows (in millions):

	INTERNAL CREDIT RISK RATING
January 28, 2017	1 to 4		5 to 6		7 and Higher		Total
Lease receivables	$	1,505	$	1,209	$	99	$	2,813
Loan receivables	1,259		934		176		2,369
Financed service contracts and other	2,756		1,355		54		4,165
Total	$	5,520	$	3,498	$	329	$	9,347

	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 January 28, 2017 and July 30, 2016 (in millions):

	DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
January 28, 2017	31-60		61-90		91+		Total Past Due		Current		Total		Nonaccrual Financing Receivables		Impaired Financing Receivables
Lease receivables	$	106	$	55	$	237	$	398	$	2,415	$	2,813	$	66	$	66
Loan receivables	34		24		67		125		2,244		2,369		56		56
Financed service contracts and other	111		225		494		830		3,335		4,165		29		9
Total	$	251	$	304	$	798	$	1,353	$	7,994	$	9,347	$	151	$	131

	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
Three months ended January 28, 2017	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Allowance for credit loss as of October 29, 2016	$	227		$	111		$	48		$	386
Provisions	2			—			(1		)	1
Recoveries (write-offs), net	(2		)	(4		)	—			(6		)
Foreign exchange and other	(2		)	(1		)	—			(3		)
Allowance for credit loss as of January 28, 2017	$	225		$	106		$	47		$	378

	CREDIT LOSS ALLOWANCES
Six months ended January 28, 2017	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Allowance for credit loss as of July 30, 2016	$	230		$	97		$	48		$	375
Provisions	(2		)	12			(1		)	9
Recoveries (write-offs), net	(2		)	(4		)	—			(6		)
Foreign exchange and other	(1		)	1			—			—
Allowance for credit loss as of January 28, 2017	$	225		$	106		$	47		$	378

	CREDIT LOSS ALLOWANCES
Three months ended January 23, 2016	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Allowance for credit loss as of October 24, 2015	$	255		$	90		$	33		$	378
Provisions	(4		)	(10		)	5			(9		)
Recoveries (write-offs), net	—			—			(1		)	(1		)
Foreign exchange and other	(3		)	—			—			(3		)
Allowance for credit loss as of January 23, 2016	$	248		$	80		$	37		$	365

	CREDIT LOSS ALLOWANCES
Six months ended January 23, 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	(4		)	(6		)	5			(5		)
Recoveries (write-offs), net	(4		)	—			(4		)	(8		)
Foreign exchange and other	(3		)	(1		)	—			(4		)
Allowance for credit loss as of January 23, 2016	$	248		$	80		$	37		$	365

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):

	January 28, 2017			July 30, 2016
Operating lease assets	$	297		$	296
Accumulated depreciation	(169		)	(161		)
Operating lease assets, net	$	128		$	135

Schedule of Future Minimum Rental Payments for Operating Leases

Minimum future rentals on noncancelable operating leases as of January 28, 2017 are summarized as follows (in millions):

Fiscal Year	Amount
2017 (remaining six months)	$	123
2018	168
2019	76
2020	14
2021	5
Thereafter	2
Total	$	388