Borrowings (Tables)

9 Months Ended

Apr. 29, 2023

Debt Disclosure [Abstract]

Schedule of Short-Term Debt

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

	April 29, 2023				July 30, 2022
	Amount		Effective Rate		Amount		Effective Rate
Current portion of long-term debt	$	1,731	4.26	%	$	499	2.68	%
Commercial paper	—		—		600		2.05	%
Total	$	1,731			$	1,099

Schedule of Long-Term Debt

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

		April 29, 2023			July 30, 2022
	Maturity Date	Amount		Effective Rate	Amount		Effective Rate
Senior notes:
Fixed-rate notes:
2.60%	February 28, 2023	$	—	—	$	500	2.68%
2.20%	September 20, 2023	750		2.27%	750		2.27%
3.625%	March 4, 2024	1,000		5.75%	1,000		2.69%
3.50%	June 15, 2025	500		6.15%	500		3.20%
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		8,500			9,000
Unaccreted discount/issuance costs		(70)			(75)
Hedge accounting fair value adjustments		(36)			(10)
Total		$	8,394		$	8,915
Reported as:
Current portion of long-term debt		$	1,731		$	499
Long-term debt		6,663			8,416
Total		$	8,394		$	8,915

Schedule of Future Principal Payments for Long-Term Debt

As of April 29, 2023, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions):

Fiscal Year	Amount
2023 (remaining three months)	$	—
2024	1,750
2025	500
2026	750
2027	1,500
Thereafter	4,000
Total	$	8,500