Leases (Tables)

3 Months Ended

Oct. 29, 2022

Leases [Abstract]

Operating Lease Balances

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

	Balance Sheet Line Item	October 29, 2022		July 30, 2022
Operating lease right-of-use assets	Other assets	$	929	$	1,003
Operating lease liabilities	Other current liabilities	$	308	$	322
Operating lease liabilities	Other long-term liabilities	667		724
Total operating lease liabilities		$	975	$	1,046

Lease Expenses and Supplemental Information

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

	Three Months Ended
	October 29, 2022		October 30, 2021
Operating lease expense	$	96	$	95
Short-term lease expense	17		17
Variable lease expense	58		49
Total lease expense	$	171	$	161

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

	Three Months Ended
	October 29, 2022		October 30, 2021
Cash paid for amounts included in the measurement of lease liabilities — operating cash flows	$	96	$	98
Right-of-use assets obtained in exchange for operating leases liabilities	$	35	$	120

Maturities of Operating Leases

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

Fiscal Year	Amount
2023 (remaining nine months)	$	254
2024	262
2025	183
2026	106
2027	63
Thereafter	181
Total lease payments	1,049
Less interest	(74)
Total	$	975

Future Minimum Lease Payments on Lease Receivables

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

Fiscal Year	Amount
2023 (remaining nine months)	$	461
2024	329
2025	182
2026	90
2027	63
Thereafter	4
Total	1,129
Less: Present value of lease payments	1,074
Unearned income	$	55

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):

	October 29, 2022		July 30, 2022
Operating lease assets	$	161	$	185
Accumulated depreciation	(97)		(111)
Operating lease assets, net	$	64	$	74

Minimum Future Rentals on Noncancelable Operating Leases

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

Fiscal Year	Amount
2023 (remaining nine months)	$	23
2024	17
2025	5
Total	$	45