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Leases (Tables)

6 Months Ended

Jan. 28, 2023

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


	Balance Sheet Line Item	January 28, 2023		July 30, 2022
Operating lease right-of-use assets	Other assets	$	978	$	1,003

Operating lease liabilities	Other current liabilities	$	337	$	322
Operating lease liabilities	Other long-term liabilities	691		724
Total operating lease liabilities		$	1,028	$	1,046

Lease Expenses and Supplemental Information

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


	Three Months Ended				Six Months Ended
	January 28, 2023		January 29, 2022		January 28, 2023		January 29, 2022
Operating lease expense	$	98	$	98	$	194	$	193
Short-term lease expense	17		15		34		32
Variable lease expense	63		41		121		90
Total lease expense	$	178	$	154	$	349	$	315

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


	Six Months Ended
	January 28, 2023		January 29, 2022
Cash paid for amounts included in the measurement of lease liabilities — operating cash flows	$	192	$	202
Right-of-use assets obtained in exchange for operating leases liabilities	$	149	$	178

Maturities of Operating Leases

The maturities of our operating leases (undiscounted) as of January 28, 2023 are as follows (in millions):


Fiscal Year	Amount
2023 (remaining six months)	$	185
2024	297
2025	215
2026	133
2027	76
Thereafter	212
Total lease payments	1,118
Less interest	(90)
Total	$	1,028

Future Minimum Lease Payments on Lease Receivables

Future minimum lease payments on our lease receivables as of January 28, 2023 are summarized as follows (in millions):


Fiscal Year	Amount
2023 (remaining six months)	$	348
2024	365
2025	192
2026	114
2027	51
Thereafter	16
Total	1,086
Less: Present value of lease payments	1,021
Unearned income	$	65

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 28, 2023		July 30, 2022
Operating lease assets	$	149	$	185
Accumulated depreciation	(90)		(111)
Operating lease assets, net	$	59	$	74

Minimum Future Rentals on Noncancelable Operating Leases

Minimum future rentals on noncancelable operating leases as of January 28, 2023 are summarized as follows (in millions):


Fiscal Year	Amount
2023 (remaining six months)	$	15
2024	18
2025	6
Total	$	39