XML 57 R40.htm IDEA: XBRL DOCUMENT

Leases (Tables)

12 Months Ended

Jul. 29, 2023

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


	Balance Sheet Line Item	July 29, 2023		July 30, 2022
Operating lease right-of-use assets	Other assets	$	971	$	1,003

Operating lease liabilities	Other current liabilities	$	313	$	322
Operating lease liabilities	Other long-term liabilities	707		724
Total operating lease liabilities		$	1,020	$	1,046

Lease Expenses and Supplemental Information

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


Years Ended	July 29, 2023		July 30, 2022
Operating lease expense	$	425	$	390
Short-term lease expense	65		66
Variable lease expense	242		173
Total lease expense	$	732	$	629

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


Years Ended	July 29, 2023		July 30, 2022
Cash paid for amounts included in the measurement of lease liabilities — operating cash flows	$	387	$	408
Right-of-use assets obtained in exchange for operating leases liabilities	$	326	$	331

Maturities of Operating Leases

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


Fiscal Year	Amount
2024	$	341
2025	259
2026	167
2027	99
2028	73
Thereafter	177
Total lease payments	1,116
Less interest	(96)
Total	$	1,020

Future Minimum Lease Payments on Lease Receivables

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


Fiscal Year	Amount
2024	$	371
2025	221
2026	167
2027	147
2028	100
Thereafter	9
Total	1,015
Less: Present value of lease payments	927
Unearned income	$	88

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):


	July 29, 2023		July 30, 2022
Operating lease assets	$	135	$	185
Accumulated depreciation	(78)		(111)
Operating lease assets, net	$	57	$	74

Minimum Future Rentals on Noncancelable Operating Leases

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


Fiscal Year	Amount
2024	$	25
2025	12
2026	6
Total	$	43