Borrowings (Tables)

9 Months Ended

Apr. 27, 2024

Debt Disclosure [Abstract]

Schedule of Short-Term Debt

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

	April 27, 2024				July 29, 2023
	Amount		Effective Rate		Amount		Effective Rate
Current portion of long-term debt	$	—	—		$	1,733	4.45	%
Commercial paper	11,891		5.42	%	—		—
Total	$	11,891			$	1,733

Schedule of Long-Term Debt

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

		April 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		6.08%
3.50%	June 15, 2025	500		6.64%	500		6.38%
4.90%	February 26, 2026	1,000		5.00%	—		—
2.95%	February 28, 2026	750		3.01%	750		3.01%
2.50%	September 20, 2026	1,500		2.55%	1,500		2.55%
4.80%	February 26, 2027	2,000		4.90%	—		—
4.85%	February 26, 2029	2,500		4.91%	—		—
4.95%	February 26, 2031	2,500		5.04%	—		—
5.05%	February 26, 2034	2,500		4.97%	—		—
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%
5.30%	February 26, 2054	2,000		5.28%	—		—
5.35%	February 26, 2064	1,000		5.42%	—		—
Other long-term debt		3		1.13%	—		—
Total		20,253			8,500
Unaccreted discount/issuance costs		(135)			(68)
Hedge accounting fair value adjustments		(16)			(41)
Total		$	20,102		$	8,391
Reported as:
Current portion of long-term debt		$	—		$	1,733
Long-term debt		20,102			6,658
Total		$	20,102		$	8,391

Schedule of Future Principal Payments for Long-Term Debt

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

Fiscal Year	Amount
2024 (remaining three months)	$	—
2025	500
2026	1,751
2027	3,502
2028	—
Thereafter	14,500
Total	$	20,253