Borrowings (Tables)

6 Months Ended

Jan. 29, 2022

Debt Disclosure [Abstract]

Schedule of Short-Term Debt

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

	January 29, 2022				July 31, 2021
	Amount		Effective Rate		Amount		Effective Rate
Current portion of long-term debt	$	502	1.14	%	$	2,508	1.75	%
Commercial paper	2,000		0.15	%	—		—
Total short-term debt	$	2,502			$	2,508

Schedule of Long-Term Debt

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

		January 29, 2022			July 31, 2021
	Maturity Date	Amount		Effective Rate	Amount		Effective Rate
Senior notes:
Fixed-rate notes:
1.85%	September 20, 2021	$	—	—	$	2,000	1.90%
3.00%	June 15, 2022	500		1.14%	500		1.13%
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		1.00%
3.50%	June 15, 2025	500		1.31%	500		1.29%
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		9,500			11,500
Unaccreted discount/issuance costs		(77)			(80)
Hedge accounting fair value adjustments		48			106
Total		$	9,471		$	11,526
Reported as:
Current portion of long-term debt		$	502		$	2,508
Long-term debt		8,969			9,018
Total		$	9,471		$	11,526

Schedule of Future Principal Payments for Long-Term Debt

As of January 29, 2022, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions):

Fiscal Year	Amount
2022 (remaining six months)	$	500
2023	500
2024	1,750
2025	500
2026	750
Thereafter	5,500
Total	$	9,500