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Leases (Tables)

3 Months Ended

Oct. 28, 2023

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


	Balance Sheet Line Item	October 28, 2023		July 29, 2023
Operating lease right-of-use assets	Other assets	$	997	$	971

Operating lease liabilities	Other current liabilities	$	302	$	313
Operating lease liabilities	Other long-term liabilities	741		707
Total operating lease liabilities		$	1,043	$	1,020

Lease Expenses and Supplemental Information

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


	Three Months Ended
	October 28, 2023		October 29, 2022
Operating lease expense	$	100	$	96
Short-term lease expense	11		17
Variable lease expense	56		58
Total lease expense	$	167	$	171

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


	Three Months Ended
	October 28, 2023		October 29, 2022
Cash paid for amounts included in the measurement of lease liabilities — operating cash flows	$	88	$	96
Right-of-use assets obtained in exchange for operating leases liabilities	$	126	$	35

Maturities of Operating Leases

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


Fiscal Year	Amount
2024 (remaining nine months)	$	258
2025	278
2026	189
2027	116
2028	88
Thereafter	227
Total lease payments	1,156
Less interest	(113)
Total	$	1,043

Future Minimum Lease Payments on Lease Receivables

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


Fiscal Year	Amount
2024 (remaining nine months)	$	433
2025	166
2026	182
2027	160
2028	126
Thereafter	45
Total	1,112
Less: Present value of lease payments	(1,015)
Unearned income	$	97

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 28, 2023		July 29, 2023
Operating lease assets	$	123	$	135
Accumulated depreciation	(72)		(78)
Operating lease assets, net	$	51	$	57

Minimum Future Rentals on Noncancelable Operating Leases

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


Fiscal Year	Amount
2024 (remaining nine months)	$	18
2025	12
2026	6
Total	$	36