Leases (Tables)

6 Months Ended

Jan. 27, 2024

Leases [Abstract]

Operating Lease Balances

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

	Balance Sheet Line Item	January 27, 2024		July 29, 2023
Operating lease right-of-use assets	Other assets	$	978	$	971
Operating lease liabilities	Other current liabilities	$	330	$	313
Operating lease liabilities	Other long-term liabilities	703		707
Total operating lease liabilities		$	1,033	$	1,020

Lease Expenses and Supplemental Information

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

	Three Months Ended				Six Months Ended
	January 27, 2024		January 28, 2023		January 27, 2024		January 28, 2023
Operating lease expense	$	103	$	98	$	203	$	194
Short-term lease expense	25		17		36		34
Variable lease expense	50		63		106		121
Total lease expense	$	178	$	178	$	345	$	349

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

	Six Months Ended
	January 27, 2024		January 28, 2023
Cash paid for amounts included in the measurement of lease liabilities — operating cash flows	$	178	$	192
Right-of-use assets obtained in exchange for operating leases liabilities	$	182	$	149

Maturities of Operating Leases

The maturities of our operating leases (undiscounted) as of January 27, 2024 are as follows (in millions):

Fiscal Year	Amount
2024 (remaining six months)	$	183
2025	303
2026	206
2027	129
2028	94
Thereafter	231
Total lease payments	1,146
Less interest	(113)
Total	$	1,033

Future Minimum Lease Payments on Lease Receivables

Future minimum lease payments on our lease receivables as of January 27, 2024 are summarized as follows (in millions):

Fiscal Year	Amount
2024 (remaining six months)	$	401
2025	369
2026	125
2027	91
2028	68
Thereafter	45
Total	1,099
Less: Present value of lease payments	(989)
Unearned income	$	110

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 27, 2024		July 29, 2023
Operating lease assets	$	125	$	135
Accumulated depreciation	(72)		(78)
Operating lease assets, net	$	53	$	57

Minimum Future Rentals on Noncancelable Operating Leases

Minimum future rentals on noncancelable operating leases as of January 27, 2024 are summarized as follows (in millions):

Fiscal Year	Amount
2024 (remaining six months)	$	12
2025	16
2026	9
2027	1
Total	$	38