Leases (Tables)

9 Months Ended

Apr. 29, 2023

Leases [Abstract]

Operating Lease Balances

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

	Balance Sheet Line Item	April 29, 2023		July 30, 2022
Operating lease right-of-use assets	Other assets	$	1,017	$	1,003
Operating lease liabilities	Other current liabilities	$	321	$	322
Operating lease liabilities	Other long-term liabilities	742		724
Total operating lease liabilities		$	1,063	$	1,046

Lease Expenses and Supplemental Information

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

	Three Months Ended				Nine Months Ended
	April 29, 2023		April 30, 2022		April 29, 2023		April 30, 2022
Operating lease expense	$	106	$	99	$	300	$	292
Short-term lease expense	16		17		50		49
Variable lease expense	61		37		182		127
Total lease expense	$	183	$	153	$	532	$	468

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

	Nine Months Ended
	April 29, 2023		April 30, 2022
Cash paid for amounts included in the measurement of lease liabilities — operating cash flows	$	290	$	306
Right-of-use assets obtained in exchange for operating leases liabilities	$	278	$	237

Maturities of Operating Leases

The maturities of our operating leases (undiscounted) as of April 29, 2023 are as follows (in millions):

Fiscal Year	Amount
2023 (remaining three months)	$	97
2024	327
2025	245
2026	155
2027	92
Thereafter	243
Total lease payments	1,159
Less interest	(96)
Total	$	1,063

Future Minimum Lease Payments on Lease Receivables

Future minimum lease payments on our lease receivables as of April 29, 2023 are summarized as follows (in millions):

Fiscal Year	Amount
2023 (remaining three months)	$	157
2024	326
2025	198
2026	140
2027	107
Thereafter	64
Total	992
Less: Present value of lease payments	920
Unearned income	$	72

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):

	April 29, 2023		July 30, 2022
Operating lease assets	$	135	$	185
Accumulated depreciation	(82)		(111)
Operating lease assets, net	$	53	$	74

Minimum Future Rentals on Noncancelable Operating Leases

Minimum future rentals on noncancelable operating leases as of April 29, 2023 are summarized as follows (in millions):

Fiscal Year	Amount
2023 (remaining three months)	$	8
2024	19
2025	7
2026	2
Total	$	36