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Comprehensive Income (Loss)
 12 Months Ended
Jul. 25, 2020
Equity [Abstract]  
Comprehensive Income (Loss)
Comprehensive Income (Loss)
The components of AOCI, net of tax, and the other comprehensive income (loss), excluding noncontrolling interest, are summarized as follows (in millions):
 
Net Unrealized Gains (Losses) on Available-for-Sale Investments
 
Net Unrealized Gains (Losses) Cash Flow Hedging Instruments
 
Cumulative Translation Adjustment and Actuarial Gains and Losses
 
Accumulated Other Comprehensive Income (Loss)
BALANCE AT JULY 29, 2017
$
373

 
$
32

 
$
(359
)
 
$
46

Other comprehensive income (loss) before reclassifications
(543
)
 
21

 
(159
)
 
(681
)
(Gains) losses reclassified out of AOCI
(287
)
 
(68
)
 
7

 
(348
)
Tax benefit (expense)
93

 
4

 
(8
)
 
89

Total change for the period
(737
)
 
(43
)
 
(160
)
 
(940
)
Effect of adoption of accounting standard
54

 
—

 
(9
)
 
45

BALANCE AT JULY 28, 2018
(310
)
 
(11
)
 
(528
)
 
(849
)
Other comprehensive income (loss) before reclassifications
560

 
—

 
(267
)
 
293

(Gains) losses reclassified out of AOCI
13

 
(3
)
 
2

 
12

Tax benefit (expense)
(95
)
 
—

 
15

 
(80
)
Total change for the period
478

 
(3
)
 
(250
)
 
225

Effect of adoption of accounting standard
(168
)
 
—

 
—

 
(168
)
BALANCE AT JULY 27, 2019
—

 
(14
)
 
(778
)
 
(792
)
Other comprehensive income (loss) before reclassifications
420

 
7

 
(51
)
 
376

(Gains) losses reclassified out of AOCI
(42
)
 
1

 
6

 
(35
)
Tax benefit (expense)
(63
)
 
—

 
(5
)
 
(68
)
BALANCE AT JULY 25, 2020
$
315

 
$
(6
)
 
$
(828
)
 
$
(519
)

The net gains (losses) reclassified out of AOCI into the Consolidated Statements of Operations, with line item location, during each period were as follows (in millions):
 
 
July 25, 2020
 
July 27, 2019
 
July 28, 2018
 
 
Comprehensive Income Components
 
Income Before Taxes
 
Line Item in Statements of Operations
Net unrealized gains and losses on available-for-sale investments
 
$
42

 
$
(13
)
 
$
287

 
Other income (loss), net
 
 
 
 
 
 
 
 
 
Net unrealized gains and losses on cash flow hedging instruments
 
 
 
 
 
 
 
 
Foreign currency derivatives
 
(1
)
 
2

 
—

 
Revenue
Foreign currency derivatives
 
—

 
—

 
16

 
Cost of sales
Foreign currency derivatives
 
—

 
1

 
52

 
Operating expenses
 
 
(1
)
 
3

 
68

 
 
 
 
 
 
 
 
 
 
 
Cumulative translation adjustment and actuarial gains and losses
 
—

 
—

 
(7
)
 
Operating expenses
Cumulative translation adjustment and actuarial gains and losses
 
(6
)
 
(2
)
 
—

 
Other income (loss), net
 
 
 
 
 
 
 
 
 
Total amounts reclassified out of AOCI
 
$
35

 
$
(12
)
 
$
348