XML 47 R36.htm IDEA: XBRL DOCUMENT

Leases (Tables)

6 Months Ended

Jan. 29, 2022

The following table presents our operating lease balances (in millions):


	Balance Sheet Line Item	January 29, 2022		July 31, 2021
Operating lease right-of-use assets	Other assets	$	1,078	$	1,095

Operating lease liabilities	Other current liabilities	$	376	$	337
Operating lease liabilities	Other long-term liabilities	763		831
Total operating lease liabilities		$	1,139	$	1,168

Lease Expenses and Supplemental Information

The components of our lease expenses were as follows (in millions):


	Three Months Ended				Six Months Ended
	January 29, 2022		January 23, 2021		January 29, 2022		January 23, 2021
Operating lease expense	$	98	$	103	$	193	$	201
Short-term lease expense	15		17		32		35
Variable lease expense	41		43		90		89
Total lease expense	$	154	$	163	$	315	$	325

Supplemental information related to our operating leases is as follows (in millions):


	Six Months Ended
	January 29, 2022		January 23, 2021
Cash paid for amounts included in the measurement of lease liabilities — operating cash flows	$	202	$	201
Right-of-use assets obtained in exchange for operating leases liabilities	$	178	$	218

Maturities of Operating Leases

The maturities of our operating leases (undiscounted) as of January 29, 2022 are as follows (in millions):


Fiscal Year	Amount
2022 (remaining six months)	$	196
2023	323
2024	234
2025	154
2026	85
Thereafter	217
Total lease payments	1,209
Less interest	(70)
Total	$	1,139

Future Minimum Lease Payments on Lease Receivables

Future minimum lease payments on our lease receivables as of January 29, 2022 are summarized as follows (in millions):


Fiscal Year	Amount
2022 (remaining six months)	$	327
2023	502
2024	321
2025	144
2026	61
Thereafter	9
Total	1,364
Less: Present value of lease payments	1,300
Unearned income	$	64

Operating Lease Assets

Amounts relating to equipment on operating lease assets held by us and the associated accumulated depreciation are summarized as follows (in millions):


	January 29, 2022		July 31, 2021
Operating lease assets	$	245	$	273
Accumulated depreciation	(148)		(165)
Operating lease assets, net	$	97	$	108

Minimum Future Rentals on Noncancelable Operating Leases

Minimum future rentals on noncancelable operating leases as of January 29, 2022 are summarized as follows (in millions):


Fiscal Year	Amount
2022 (remaining six months)	$	24
2023	30
2024	13
2025	2
Total	$	69