Fair Value (Tables)

6 Months Ended

Jan. 28, 2017

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of January 28, 2017 and July 30, 2016 were as follows (in millions):



	JANUARY 28, 2017 FAIR VALUE MEASUREMENTS								JULY 30, 2016 FAIR VALUE MEASUREMENTS
	Level 1		Level 2		Level 3		Total Balance		Level 1		Level 2		Level 3		Total Balance
Assets:
Cash equivalents:
U.S. government securities	$	—	$	50	$	—	$	50	$	—	$	—	$	—	$	—
Corporate debt securities	—		—		—		—		—		43		—		43
Money market funds	8,635		—		—		8,635		6,049		—		—		6,049
Commercial paper	—		276		—		276		—		—		—		—
Certificates of deposit	—		30		—		30		—		—		—		—
Available-for-sale investments:
U.S. government securities	—		22,832		—		22,832		—		26,544		—		26,544
U.S. government agency securities	—		2,397		—		2,397		—		2,817		—		2,817
Non-U.S. government and agency securities	—		1,205		—		1,205		—		1,100		—		1,100
Corporate debt securities	—		30,698		—		30,698		—		24,292		—		24,292
U.S. agency mortgage-backed securities	—		2,006		—		2,006		—		1,868		—		1,868
Publicly traded equity securities	1,614		—		—		1,614		1,504		—		—		1,504
Commercial paper	—		195		—		195		—		—		—		—
Derivative assets	—		118		—		118		—		384		1		385
Total	$	10,249	$	59,807	$	—	$	70,056	$	7,553	$	57,048	$	1	$	64,602
Liabilities:
Derivative liabilities	$	—	$	59	$	—	$	59	$	—	$	54	$	—	$	54
Total	$	—	$	59	$	—	$	59	$	—	$	54	$	—	$	54

Fair Value Measurements, Nonrecurring

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 THREE MONTHS ENDED						TOTAL GAINS (LOSSES) FOR THE SIX MONTHS ENDED
	January 28, 2017			January 23, 2016			January 28, 2017			January 23, 2016
Investments in privately held companies (impaired)	$	(64	)	$	(39	)	$	(111	)	$	(56	)
Purchased intangible assets (impaired)	—			(37		)	(42		)	(37		)
Property held for sale—land and buildings	(24		)	—			(24		)	—
Total gains (losses) for nonrecurring measurements	$	(88	)	$	(76	)	$	(177	)	$	(93	)