Fair Value (Tables)

6 Months Ended

Jan. 27, 2018

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 27, 2018 and July 29, 2017 were as follows (in millions):



	JANUARY 27, 2018 FAIR VALUE MEASUREMENTS								JULY 29, 2017 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	$	15,537	$	—	$	—	$	15,537	$	9,567	$	—	$	—	$	9,567
U.S. government securities	—		—		—		—		—		139		—		139
Commercial paper	—		41		—		41		—		160		—		160
Certificates of deposit	—		—		—		—		—		25		—		25
Available-for-sale investments:
U.S. government securities	—		17,366		—		17,366		—		19,823		—		19,823
U.S. government agency securities	—		1,712		—		1,712		—		2,052		—		2,052
Non-U.S. government and agency securities	—		339		—		339		—		388		—		388
Corporate debt securities	—		31,355		—		31,355		—		31,735		—		31,735
U.S. agency mortgage-backed securities	—		2,057		—		2,057		—		2,023		—		2,023
Commercial paper	—		1,414		—		1,414		—		996		—		996
Certificates of deposit	—		196		—		196		—		60		—		60
Publicly traded equity securities	1,620		—		—		1,620		1,707		—		—		1,707
Derivative assets	—		90		—		90		—		149		—		149
Total	$	17,157	$	54,570	$	—	$	71,727	$	11,274	$	57,550	$	—	$	68,824
Liabilities:
Derivative liabilities	$	—	$	76	$	—	$	76	$	—	$	4	$	—	$	4
Total	$	—	$	76	$	—	$	76	$	—	$	4	$	—	$	4

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 27, 2018			January 28, 2017			January 27, 2018			January 28, 2017
Investments in privately held companies (impaired)	$	(18	)	$	(64	)	$	(39	)	$	(111	)
Purchased intangible assets (impaired)	—			—			—			(42		)
Property held for sale—land and buildings	20			(24		)	20			(24		)
Total gains (losses) for nonrecurring measurements	$	2		$	(88	)	$	(19	)	$	(177	)