Comprehensive Income (Loss)

3 Months Ended

Oct. 24, 2020

Equity [Abstract]

Comprehensive Income (Loss)

Comprehensive Income (Loss)

The components of AOCI, net of tax, and the other comprehensive income (loss), for the first quarter of fiscal 2021 and 2020 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 (Losses)		Accumulated Other Comprehensive Income (Loss)
BALANCE AT JULY 25, 2020	$	315	$	(6)	$	(828)	$	(519)
Other comprehensive income (loss) before reclassifications	(41)		(2)		110		67
(Gains) losses reclassified out of AOCI	(15)		(2)		—		(17)
Tax benefit (expense)	22		1		(1)		22
BALANCE AT OCTOBER 24, 2020	$	281	$	(9)	$	(719)	$	(447)

	Net Unrealized Gains (Losses) on Available-for-Sale Investments		Net Unrealized Gains (Losses) Cash Flow Hedging Instruments		Cumulative Translation Adjustment and Actuarial Gains (Losses)		Accumulated Other Comprehensive Income (Loss)
BALANCE AT JULY 27, 2019	$	—	$	(14)	$	(778)	$	(792)
Other comprehensive income (loss) before reclassifications	87		(1)		(92)		(6)
(Gains) losses reclassified out of AOCI	(10)		—		1		(9)
Tax benefit (expense)	(9)		1		—		(8)
BALANCE AT OCTOBER 26, 2019	$	68	$	(14)	$	(869)	$	(815)