Fair Value (Tables)

12 Months Ended

Jul. 27, 2019

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis were as follows (in millions):

	JULY 27, 2019						JULY 28, 2018
	FAIR VALUE MEASUREMENTS						FAIR VALUE MEASUREMENTS
	Level 1		Level 2		Total Balance		Level 1		Level 2		Total Balance
Assets:
Cash equivalents:
Money market funds	$	10,083	$	—	$	10,083	$	6,890	$	—	$	6,890
Available-for-sale debt investments:
U.S. government securities	—		808		808		—		7,275		7,275
U.S. government agency securities	—		169		169		—		727		727
Non-U.S. government and agency securities	—		—		—		—		208		208
Corporate debt securities	—		19,262		19,262		—		27,364		27,364
U.S. agency mortgage-backed securities	—		1,421		1,421		—		1,435		1,435
Equity investments:
Marketable equity securities	3		—		3		605		—		605
Derivative assets	—		89		89		—		2		2
Total	$	10,086	$	21,749	$	31,835	$	7,495	$	37,011	$	44,506
Liabilities:
Derivative liabilities	$	—	$	15	$	15	$	—	$	74	$	74
Total	$	—	$	15	$	15	$	—	$	74	$	74

Fair Value on A Nonrecurring Basis

The following table presents gains and losses on assets that were measured at fair value on a nonrecurring basis (in millions):

	TOTAL GAINS (LOSSES) FOR THE YEARS ENDED
	July 27, 2019			July 28, 2018			July 29, 2017
Non-marketable equity securities and equity method investments	$	(32	)	$	(62	)	$	(177	)
Purchased intangible assets (impaired)	—			(1		)	(47		)
Property held for sale - land and buildings	—			20			(30		)
Total gains (losses) for nonrecurring measurements	$	(32	)	$	(43	)	$	(254	)