Borrowings (Tables)

6 Months Ended

Jan. 27, 2024

Debt Disclosure [Abstract]

Schedule of Short-Term Debt

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

	January 27, 2024				July 29, 2023
	Amount		Effective Rate		Amount		Effective Rate
Current portion of long-term debt	$	997	6.35	%	$	1,733	4.45	%
Commercial paper	3,939		5.39	%	—		—	%
Total	$	4,936			$	1,733

Schedule of Long-Term Debt

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

		January 27, 2024			July 29, 2023
	Maturity Date	Amount		Effective Rate	Amount		Effective Rate
Senior notes:
Fixed-rate notes:
2.20%	September 20, 2023	$	—	—	$	750	2.27%
3.625%	March 4, 2024	1,000		6.35%	1,000		6.08%
3.50%	June 15, 2025	500		6.66%	500		6.38%
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		7,750			8,500
Unaccreted discount/issuance costs		(66)			(68)
Hedge accounting fair value adjustments		(18)			(41)
Total		$	7,666		$	8,391
Reported as:
Current portion of long-term debt		$	997		$	1,733
Long-term debt		6,669			6,658
Total		$	7,666		$	8,391

Schedule of Future Principal Payments for Long-Term Debt

As of January 27, 2024, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions):

Fiscal Year	Amount
2024 (remaining six months)	$	1,000
2025	500
2026	750
2027	1,500
Thereafter	4,000
Total	$	7,750