Fair Value (Tables)

12 Months Ended

Jul. 29, 2017

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of July 29, 2017 and July 30, 2016 were as follows (in millions):



	JULY 29, 2017								JULY 30, 2016
	FAIR VALUE MEASUREMENTS								FAIR VALUE MEASUREMENTS
	Level 1		Level 2		Level 3		Total Balance		Level 1			Level 2		Level 3		Total Balance
Assets:
Cash equivalents:
Money market funds	$	9,567	$	—	$	—	$	9,567	$	6,111		$	—	$	—	$	6,111
U.S. government securities	—		139		—		139		—			—		—		—
Corporate debt securities	—		—		—		—		—			43		—		43
Commercial paper	—		160		—		160		—			—		—		—
Certificates of deposit	—		25		—		25		—			—		—		—
Available-for-sale investments:
U.S. government securities	—		19,823		—		19,823		—			26,544		—		26,544
U.S. government agency securities	—		2,052		—		2,052		—			2,817		—		2,817
Non-U.S. government and agency securities	—		388		—		388		—			1,100		—		1,100
Corporate debt securities	—		31,735		—		31,735		—			24,292		—		24,292
U.S. agency mortgage-backed securities	—		2,023		—		2,023		—			1,868		—		1,868
Commercial paper	—		996		—		996		—			—		—		—
Certificates of deposit	—		60		—		60		—		—	—		—		—
Publicly traded equity securities	1,707		—		—		1,707		1,504			—		—		1,504
Derivative assets	—		149		—		149		—			384		1		385
Total	$	11,274	$	57,550	$	—	$	68,824	$	7,615		$	57,048	$	1	$	64,664
Liabilities:
Derivative liabilities	$	—	$	4	$	—	$	4	$	—		$	54	$	—	$	54
Total	$	—	$	4	$	—	$	4	$	—		$	54	$	—	$	54

Fair Value on A Nonrecurring Basis

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 YEARS ENDED
	July 29, 2017			July 30, 2016			July 25, 2015
Investments in privately held companies (impaired)	$	(175	)	$	(57	)	$	(38	)
Purchased intangible assets (impaired)	(47		)	(74		)	(175		)
Property held for sale - land and buildings	(30		)	—			—
Gains (losses) on assets no longer held at end of fiscal year	(2		)	(10		)	(8		)
Total gains (losses) for nonrecurring measurements	$	(254	)	$	(141	)	$	(221	)