Income Taxes

3 Months Ended

Oct. 29, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The following table provides details of income taxes (in millions, except percentages):

	Three Months Ended
	October 29, 2022			October 30, 2021
Income before provision for income taxes	$	3,475		$	3,657
Provision for income taxes	$	805		$	677
Effective tax rate	23.2		%	18.5		%

As of October 29, 2022, we had $3.3 billion of unrecognized tax benefits, of which $2.4 billion, if recognized, would favorably impact the effective tax rate. We regularly engage in discussions and negotiations with tax authorities regarding tax matters in various jurisdictions. We believe it is reasonably possible that certain federal, foreign, and state tax matters may be concluded in the next 12 months. Specific positions that may be resolved include issues involving transfer pricing and various other matters.