Borrowings (Tables)

12 Months Ended

Jul. 27, 2019

Debt Disclosure [Abstract]

Schedule of Short-Term Debt

The following table summarizes our short-term debt (in millions, except percentages):

	July 27, 2019				July 28, 2018
	Amount		Effective Rate		Amount		Effective Rate
Current portion of long-term debt	$	5,998	3.20	%	$	5,238	3.46	%
Commercial paper	4,193		2.34	%	—		—
Total short-term debt	$	10,191			$	5,238

Schedule of Long-Term Debt

The following table summarizes our long-term debt (in millions, except percentages):

		July 27, 2019				July 28, 2018
	Maturity Date	Amount			Effective Rate	Amount			Effective Rate
Senior notes:
Floating-rate notes:
Three-month LIBOR plus 0.50%	March 1, 2019	$	—		—	$	500		2.86%
Three-month LIBOR plus 0.34%	September 20, 2019	500			2.77%	500			2.71%
Fixed-rate notes:
4.95%	February 15, 2019	—			—	2,000			5.17%
1.60%	February 28, 2019	—			—	1,000			1.67%
2.125%	March 1, 2019	—			—	1,750			2.71%
1.40%	September 20, 2019	1,500			1.48%	1,500			1.48%
4.45%	January 15, 2020	2,500			4.72%	2,500			4.52%
2.45%	June 15, 2020	1,500			2.54%	1,500			2.54%
2.20%	February 28, 2021	2,500			2.30%	2,500			2.30%
2.90%	March 4, 2021	500			3.14%	500			2.86%
1.85%	September 20, 2021	2,000			1.90%	2,000			1.90%
3.00%	June 15, 2022	500			3.36%	500			3.11%
2.60%	February 28, 2023	500			2.68%	500			2.68%
2.20%	September 20, 2023	750			2.27%	750			2.27%
3.625%	March 4, 2024	1,000			3.25%	1,000			2.98%
3.50%	June 15, 2025	500			3.52%	500			3.27%
2.95%	February 28, 2026	750			3.01%	750			3.01%
2.50%	September 20, 2026	1,500			2.55%	1,500			2.55%
5.90%	February 15, 2039	2,000			6.11%	2,000			6.11%
5.50%	January 15, 2040	2,000			5.67%	2,000			5.67%
Total		20,500				25,750
Unaccreted discount/issuance costs		(100		)		(116		)
Hedge accounting fair value adjustments		73				(65		)
Total		$	20,473			$	25,569
Reported as:
Short-term debt		$	5,998			$	5,238
Long-term debt		14,475				20,331
Total		$	20,473			$	25,569

Schedule of Principal Payments for Long-Term Debt

As of July 27, 2019, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions):

Fiscal Year	Amount
2020	$	6,000
2021	3,000
2022	2,500
2023	500
2024	1,750
Thereafter	6,750
Total	$	20,500