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Financing Receivables (Tables)
 9 Months Ended
Apr. 27, 2024
Receivables [Abstract]  
Summary of Financing Receivables
A summary of our financing receivables is presented as follows (in millions):
April 27, 2024Loan ReceivablesLease ReceivablesTotal
Gross$5,639 $1,165 $6,804 
Residual value— 68 68 
Unearned income— (114)(114)
Allowance for credit loss(49)(15)(64)
Total, net$5,590 $1,104 $6,694 
Reported as:
Current$3,027 $416 $3,443 
Noncurrent2,563 688 3,251 
Total, net$5,590 $1,104 $6,694 
July 29, 2023Loan ReceivablesLease ReceivablesTotal
Gross$5,910 $1,015 $6,925 
Residual value— 70 70 
Unearned income— (88)(88)
Allowance for credit loss(53)(19)(72)
Total, net$5,857 $978 $6,835 
Reported as:
Current$2,988 $364 $3,352 
Noncurrent2,869 614 3,483 
Total, net$5,857 $978 $6,835 
Schedule of Financing Receivables by Internal Credit Risk Rating by Period of Origination
The tables below present our gross financing receivables, excluding residual value, less unearned income, categorized by our internal credit risk rating by period of origination (in millions):
April 27, 2024Fiscal YearNine Months Ended
Internal Credit Risk RatingPriorJuly 25, 2020July 31, 2021July 30, 2022July 29, 2023April 27, 2024Total
Loan Receivables:
1 to 4$12 $120 $445 $675 $1,009 $1,423 $3,684 
5 to 618 46 145 187 525 915 1,836 
7 and Higher3 1 11 82 18 4 119 
Total Loan Receivables$33 $167 $601 $944 $1,552 $2,342 $5,639 
Lease Receivables:
1 to 4$2 $21 $54 $61 $213 $268 $619 
5 to 63 20 31 60 154 150 418 
7 and Higher— — 3 3 4 4 14 
Total Lease Receivables$5 $41 $88 $124 $371 $422 $1,051 
Total$38 $208 $689 $1,068 $1,923 $2,764 $6,690 
July 29, 2023Fiscal Year
Internal Credit Risk RatingPriorJuly 27, 2019July 25, 2020July 31, 2021July 30, 2022July 29, 2023Total
Loan Receivables:
1 to 4$10 $53 $251 $791 $1,077 $1,784 $3,966 
5 to 63 14 131 287 465 936 1,836 
7 and Higher1 7 15 17 29 39 108 
Total Loan Receivables$14 $74 $397 $1,095 $1,571 $2,759 $5,910 
Lease Receivables:
1 to 4$2 $20 $57 $111 $84 $235 $509 
5 to 62 13 44 58 87 191 395 
7 and Higher— 1 2 4 5 11 23 
Total Lease Receivables$4 $34 $103 $173 $176 $437 $927 
Total$18 $108 $500 $1,268 $1,747 $3,196 $6,837 
Schedule of Aging Analysis of Financing Receivables
The following tables present the aging analysis of gross receivables as of April 27, 2024 and July 29, 2023 (in millions):
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
April 27, 202431-6061-90 91+Total
Past Due		CurrentTotal120+ Still AccruingNonaccrual
Financing
Receivables		Impaired
Financing
Receivables
Loan receivables$41 $14 $36 $91 $5,548 $5,639 $16 $8 $8 
Lease receivables17 1 14 32 1,019 1,051 7 — — 
Total$58 $15 $50 $123 $6,567 $6,690 $23 $8 $8 
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
July 29, 202331-6061-90 91+Total
Past Due		CurrentTotal120+ Still AccruingNonaccrual
Financing
Receivables		Impaired
Financing
Receivables
Loan receivables$47 $20 $37 $104 $5,806 $5,910 $17 $12 $12 
Lease receivables16 4 23 43 884 927 6 3 3 
Total$63 $24 $60 $147 $6,690 $6,837 $23 $15 $15 
Schedule of Allowance for Credit Loss and Related Financing Receivables
The allowances for credit loss and the related financing receivables are summarized as follows (in millions):
Three Months Ended April 27, 2024CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of January 27, 2024$53 $16 $69 
Provisions (benefits)(3)— (3)
Recoveries (write-offs), net— (1)(1)
Other(1)— (1)
Allowance for credit loss as of April 27, 2024$49 $15 $64 
Three Months Ended April 29, 2023CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of January 28, 2023$94 $19 $113 
Provisions (benefits)(3)(1)(4)
Recoveries (write-offs), net(38)(1)(39)
Allowance for credit loss as of April 29, 2023$53 $17 $70 
Nine Months Ended April 27, 2024CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of July 29, 2023$53 $19 $72 
Provisions (benefits)1 (3)(2)
Recoveries (write-offs), net(4)(1)(5)
Other(1)— (1)
Allowance for credit loss as of April 27, 2024$49 $15 $64 
Nine Months Ended April 29, 2023CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of July 30, 2022$103 $23 $126 
Provisions (benefits)(7)(5)(12)
Recoveries (write-offs), net(38)(1)(39)
Other(5)— (5)
Allowance for credit loss as of April 29, 2023$53 $17 $70