Financing Receivables and Operating Leases (Tables)

9 Months Ended

Apr. 29, 2017

Receivables [Abstract]

Financing Receivables

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

April 29, 2017	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total
Gross	$	2,792		$	2,659		$	4,096		$	9,547
Residual value	175			—			—			175
Unearned income	(146		)	—			—			(146		)
Allowance for credit loss	(220		)	(117		)	(32		)	(369		)
Total, net	$	2,601		$	2,542		$	4,064		$	9,207
Reported as:
Current	$	1,257		$	1,224		$	2,158		$	4,639
Noncurrent	1,344			1,318			1,906			4,568
Total, net	$	2,601		$	2,542		$	4,064		$	9,207

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 April 29, 2017 are summarized as follows (in millions):

Fiscal Year	Amount
2017 (remaining three months)	$	350
2018	1,227
2019	704
2020	361
2021	135
Thereafter	15
Total	$	2,792

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 April 29, 2017 and July 30, 2016 are summarized as follows (in millions):

	INTERNAL CREDIT RISK RATING
April 29, 2017	1 to 4		5 to 6		7 and Higher		Total
Lease receivables	$	1,404	$	1,161	$	81	$	2,646
Loan receivables	1,493		990		176		2,659
Financed service contracts and other	2,771		1,305		20		4,096
Total	$	5,668	$	3,456	$	277	$	9,401

	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 April 29, 2017 and July 30, 2016 (in millions):

	DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
April 29, 2017	31-60		61-90		91+		Total Past Due		Current		Total		Nonaccrual Financing Receivables		Impaired Financing Receivables
Lease receivables	$	131	$	110	$	275	$	516	$	2,130	$	2,646	$	52	$	52
Loan receivables	31		28		61		120		2,539		2,659		59		59
Financed service contracts and other	244		129		425		798		3,298		4,096		31		11
Total	$	406	$	267	$	761	$	1,434	$	7,967	$	9,401	$	142	$	122

	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 April 29, 2017	Lease Receivables			Loan Receivables		Financed Service Contracts and Other			Total
Allowance for credit loss as of January 28, 2017	$	225		$	106	$	47		$	378
Provisions	3			10		(14		)	(1		)
Recoveries (write-offs), net	(8		)	—		(1		)	(9		)
Foreign exchange and other	—			1		—			1
Allowance for credit loss as of April 29, 2017	$	220		$	117	$	32		$	369

	CREDIT LOSS ALLOWANCES
Nine months ended April 29, 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	1			22			(15		)	8
Recoveries (write-offs), net	(10		)	(4		)	(1		)	(15		)
Foreign exchange and other	(1		)	2			—			1
Allowance for credit loss as of April 29, 2017	$	220		$	117		$	32		$	369

	CREDIT LOSS ALLOWANCES
Three months ended April 30, 2016	Lease Receivables			Loan Receivables		Financed Service Contracts and Other		Total
Allowance for credit loss as of January 23, 2016	$	248		$	80	$	37	$	365
Provisions	7			8		2		17
Recoveries (write-offs), net	(6		)	—		—		(6		)
Foreign exchange and other	1			5		1		7
Allowance for credit loss as of April 30, 2016	$	250		$	93	$	40	$	383

	CREDIT LOSS ALLOWANCES
Nine months ended April 30, 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	3			2		7			12
Recoveries (write-offs), net	(10		)	—		(4		)	(14		)
Foreign exchange and other	(2		)	4		1			3
Allowance for credit loss as of April 30, 2016	$	250		$	93	$	40		$	383

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):

	April 29, 2017			July 30, 2016
Operating lease assets	$	322		$	296
Accumulated depreciation	(187		)	(161		)
Operating lease assets, net	$	135		$	135

Schedule of Future Minimum Rental Payments for Operating Leases

Minimum future rentals on noncancelable operating leases as of April 29, 2017 are summarized as follows (in millions):

Fiscal Year	Amount
2017 (remaining three months)	$	53
2018	157
2019	81
2020	23
2021	5
Thereafter	2
Total	$	321