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Financing Receivables (Tables)
 12 Months Ended
Jul. 27, 2024
Receivables [Abstract]  
Financing Receivables
A summary of our financing receivables is presented as follows (in millions):
July 27, 2024Loan ReceivablesLease ReceivablesTotal
Gross$5,858 $965 $6,823 
Residual value— 67 67 
Unearned income— (111)(111)
Allowance for credit loss(50)(15)(65)
Total, net$5,808 $906 $6,714 
Reported as:
Current$3,071 $267 $3,338 
Noncurrent2,737 639 3,376 
Total, net$5,808 $906 $6,714 
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):
July 27, 2024Fiscal Year
Internal Credit Risk RatingPriorJuly 25, 2020July 31, 2021July 30, 2022July 29, 2023July 27, 2024Total
Loan Receivables:
1 to 4$2 $78 $341 $555 $945 $1,803 $3,724 
5 to 62 29 127 130 426 1,314 2,028 
7 and Higher3 1 10 74 14 4 106 
Total Loan Receivables$7 $108 $478 $759 $1,385 $3,121 $5,858 
Lease Receivables:
1 to 4$1 $8 $38 $46 $176 $341 $610 
5 to 61 11 22 44 129 21 228 
7 and Higher— — 1 3 4 8 16 
Total Lease Receivables$2 $19 $61 $93 $309 $370 $854 
Total$9 $127 $539 $852 $1,694 $3,491 $6,712 
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 July 27, 2024 and July 29, 2023 (in millions):
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
July 27, 202431 - 6061 - 90 91+Total
Past Due		CurrentTotal120+ Still AccruingNonaccrual
Financing
Receivables		Impaired
Financing
Receivables
Loan receivables$34 $17 $35 $86 $5,772 $5,858 $14 $7 $7 
Lease receivables14 4 5 23 831 854 1 — — 
Total$48 $21 $40 $109 $6,603 $6,712 $15 $7 $7 
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 
Allowance for Credit Loss and Related Financing Receivables
The allowances for credit loss and the related financing receivables are summarized as follows (in millions):
 CREDIT LOSS ALLOWANCES
 Loan
Receivables		Lease
Receivables		Total
Allowance for credit loss as of July 29, 2023$53 $19 $72 
Provisions (benefits)1 (3)(2)
Recoveries (write-offs), net(4)(1)(5)
Allowance for credit loss as of July 27, 2024$50 $15 $65 
 CREDIT LOSS ALLOWANCES
 Loan
Receivables		Lease
Receivables		Total
Allowance for credit loss as of July 30, 2022$103 $23 $126 
Provisions (benefits)(7)(1)(8)
Recoveries (write-offs), net(38)(3)(41)
Foreign exchange and other(5)— (5)
Allowance for credit loss as of July 29, 2023$53 $19 $72 
CREDIT LOSS ALLOWANCES
Loan
Receivables		Lease
Receivables		Total
Allowance for credit loss as of July 31, 2021$89 $38 $127 
Provisions (benefits)4 (13)(9)
Recoveries (write-offs), net— (2)(2)
Foreign exchange and other10 — 10 
Allowance for credit loss as of July 30, 2022$103 $23 $126