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Financing Receivables (Tables)
 3 Months Ended
Oct. 26, 2024
Receivables [Abstract]  
Summary of Financing Receivables
A summary of our financing receivables is presented as follows (in millions):
October 26, 2024Loan ReceivablesLease ReceivablesTotal
Gross$5,583 $1,056 $6,639 
Residual value— 66 66 
Unearned income— (107)(107)
Allowance for credit loss(49)(15)(64)
Total, net$5,534 $1,000 $6,534 
Reported as:
Current$2,785 $338 $3,123 
Noncurrent2,749 662 3,411 
Total, net$5,534 $1,000 $6,534 
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 
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):
October 26, 2024Fiscal YearThree Months Ended
Internal Credit Risk RatingPriorJuly 31, 2021July 30, 2022July 29, 2023July 27, 2024October 26, 2024Total
Loan Receivables:
1 to 4$53 $256 $449 $736 $1,613 $504 $3,611 
5 to 620 65 107 360 939 404 1,895 
7 and Higher4 5 58 8 2 — 77 
Total Loan Receivables$77 $326 $614 $1,104 $2,554 $908 $5,583 
Lease Receivables:
1 to 4$7 $34 $50 $195 $276 $63 $625 
5 to 66 16 36 99 126 28 311 
7 and Higher— 1 2 4 6 — 13 
Total Lease Receivables$13 $51 $88 $298 $408 $91 $949 
Total$90 $377 $702 $1,402 $2,962 $999 $6,532 
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 
Schedule of Aging Analysis of Financing Receivables
The following tables present the aging analysis of gross receivables as of October 26, 2024 and July 27, 2024 (in millions):
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
October 26, 202431-6061-90 91+Total
Past Due		CurrentTotal120+ Still AccruingNonaccrual
Financing
Receivables		Impaired
Financing
Receivables
Loan receivables$21 $30 $32 $83 $5,500 $5,583 $7 $7 $7 
Lease receivables21 5 5 31 918 949 4 — — 
Total$42 $35 $37 $114 $6,418 $6,532 $11 $7 $7 
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 
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 October 26, 2024CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of July 27, 2024$50 $15 $65 
Provisions (benefits)(1)— (1)
Allowance for credit loss as of October 26, 2024$49 $15 $64 
Three Months Ended October 28, 2023CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of July 29, 2023$53 $19 $72 
Provisions (benefits)5 (3)2 
Allowance for credit loss as of October 28, 2023$58 $16 $74