Borrowings (Tables)

9 Months Ended

May 01, 2021

Debt Disclosure [Abstract]

Schedule of Short-Term Debt

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

	May 1, 2021				July 25, 2020
	Amount		Effective Rate		Amount		Effective Rate
Current portion of long-term debt	$	2,000	1.90	%	$	3,005	2.07	%

Schedule of Long-Term Debt

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

		May 1, 2021			July 25, 2020
	Maturity Date	Amount		Effective Rate	Amount		Effective Rate
Senior notes:
Fixed-rate notes:
2.20%	February 28, 2021	$	—	—	$	2,500	2.30%
2.90%	March 4, 2021	—		—	500		0.94%
1.85%	September 20, 2021	2,000		1.90%	2,000		1.90%
3.00%	June 15, 2022	500		1.15%	500		1.21%
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		1.00%	1,000		1.06%
3.50%	June 15, 2025	500		1.31%	500		1.37%
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		11,500			14,500
Unaccreted discount/issuance costs		(81)			(88)
Hedge accounting fair value adjustments		113			171
Total		$	11,532		$	14,583
Reported as:
Current portion of long-term debt		$	2,000		$	3,005
Long-term debt		9,532			11,578
Total		$	11,532		$	14,583

Schedule of Future Principal Payments for Long-Term Debt

As of May 1, 2021, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions):

Fiscal Year	Amount
2021 (remaining three months)	$	—
2022	2,500
2023	500
2024	1,750
2025	500
Thereafter	6,250
Total	$	11,500