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Financing Receivables (Tables)
 6 Months Ended
Jan. 25, 2025
Receivables [Abstract]  
Summary of Financing Receivables
A summary of our financing receivables is presented as follows (in millions):
January 25, 2025Loan ReceivablesLease ReceivablesTotal
Gross$5,423 $988 $6,411 
Residual value— 64 64 
Unearned income— (102)(102)
Allowance for credit loss(45)(14)(59)
Total, net$5,378 $936 $6,314 
Reported as:
Current$2,728 $346 $3,074 
Noncurrent2,650 590 3,240 
Total, net$5,378 $936 $6,314 
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):
January 25, 2025Fiscal YearSix Months Ended
Internal Credit Risk RatingPriorJuly 31, 2021July 30, 2022July 29, 2023July 27, 2024January 25, 2025Total
Loan Receivables:
1 to 4$33 $193 $335 $639 $1,466 $728 $3,394 
5 to 614 52 89 321 862 627 1,965 
7 and Higher1 3 51 1 7 1 64 
Total Loan Receivables$48 $248 $475 $961 $2,335 $1,356 $5,423 
Lease Receivables:
1 to 4$3 $22 $39 $160 $226 $105 $555 
5 to 63 13 31 94 126 54 321 
7 and Higher— 1 1 3 5 — 10 
Total Lease Receivables$6 $36 $71 $257 $357 $159 $886 
Total$54 $284 $546 $1,218 $2,692 $1,515 $6,309 
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 January 25, 2025 and July 27, 2024 (in millions):
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
January 25, 202531-6061-90 91+Total
Past Due		CurrentTotal120+ Still AccruingNonaccrual
Financing
Receivables		Impaired
Financing
Receivables
Loan receivables$37 $16 $48 $101 $5,322 $5,423 $18 $10 $10 
Lease receivables14 4 8 26 860 886 2 1 1 
Total$51 $20 $56 $127 $6,182 $6,309 $20 $11 $11 
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 January 25, 2025CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of October 26, 2024$49 $15 $64 
Provisions (benefits)(2)(2)(4)
Recoveries (write-offs), net(3)— (3)
Foreign exchange and other1 1 2 
Allowance for credit loss as of January 25, 2025$45 $14 $59 
Three Months Ended January 27, 2024CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of October 28, 2023$58 $16 $74 
Provisions (benefits)(1)— (1)
Recoveries (write-offs), net(4)— (4)
Allowance for credit loss as of January 27, 2024$53 $16 $69 
Six Months Ended January 25, 2025CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of July 27, 2024$50 $15 $65 
Provisions (benefits)(3)(2)(5)
Recoveries (write-offs), net(3)— (3)
Foreign exchange and other1 1 2 
Allowance for credit loss as of January 25, 2025$45 $14 $59 
Six Months Ended January 27, 2024CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of July 29, 2023$53 $19 $72 
Provisions (benefits)4 (3)1 
Recoveries (write-offs), net(4)— (4)
Allowance for credit loss as of January 27, 2024$53 $16 $69