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Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Apr. 29, 2017
Apr. 30, 2016
Apr. 29, 2017
Apr. 30, 2016
REVENUE:        
Product $ 8,885 $ 8,875 $ 26,678 $ 27,702
Service 3,055 3,125 9,194 8,907
Total revenue 11,940 12,000 35,872 36,609
COST OF SALES:        
Product 3,405 3,214 10,113 10,547
Service 1,017 1,065 3,081 3,077
Total cost of sales 4,422 4,279 13,194 13,624
GROSS MARGIN 7,518 7,721 22,678 22,985
OPERATING EXPENSES:        
Research and development 1,507 1,626 4,560 4,695
Sales and marketing 2,226 2,447 6,866 7,176
General and administrative 487 566 1,498 1,281
Amortization of purchased intangible assets 59 81 201 221
Restructuring and other charges 70 17 614 255
Total operating expenses 4,349 4,737 13,739 13,628
OPERATING INCOME 3,169 2,984 8,939 9,357
Interest income 354 270 978 732
Interest expense (219) (175) (639) (496)
Other income (loss), net (113) 4 (171) (67)
Interest and other income (loss), net 22 99 168 169
INCOME BEFORE PROVISION FOR INCOME TAXES 3,191 3,083 9,107 9,526
Provision for income taxes 676 734 1,922 1,600
NET INCOME $ 2,515 $ 2,349 $ 7,185 $ 7,926
Net income per share:        
Basic (in dollars per share) $ 0.50 $ 0.47 $ 1.43 $ 1.57
Diluted (in dollars per share) $ 0.50 $ 0.46 $ 1.42 $ 1.56
Shares used in per-share calculation:        
Basic (in shares) 5,005 5,032 5,015 5,060
Diluted (in shares) 5,045 5,065 5,056 5,095
Cash dividends declared per common share (in dollars per share) $ 0.29 $ 0.26 $ 0.81 $ 0.68