Fair Value (Tables)

6 Months Ended

Jan. 25, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis were as follows (in millions):

	JANUARY 25, 2025						JULY 27, 2024
	FAIR VALUE MEASUREMENTS						FAIR VALUE MEASUREMENTS
	Level 1		Level 2		Total Balance		Level 1		Level 2		Total Balance
Assets:
Cash equivalents:
Money market funds	$	5,398	$	—	$	5,398	$	3,334	$	—	$	3,334
Commercial paper	—		129		129		—		468		468
Corporate debt securities	—		4		4		—		25		25
Certificates of deposit	—		—		—		—		14		14
Available-for-sale debt investments:
U.S. government securities	—		2,148		2,148		—		2,353		2,353
U.S. government agency securities	—		111		111		—		221		221
Non-U.S. government and agency securities	—		364		364		—		371		371
Corporate debt securities	—		3,204		3,204		—		3,677		3,677
U.S. agency mortgage-backed securities	—		736		736		—		1,781		1,781
Commercial paper	—		732		732		—		1,023		1,023
Certificates of deposit	—		663		663		—		439		439
Equity investments:
Marketable equity securities	339		—		339		481		—		481
Other current assets:
Money market funds	750		—		750		750		—		750
Other assets:
Money market funds	188		—		188		563		—		563
Derivative assets	—		105		105		—		64		64
Total	$	6,675	$	8,196	$	14,871	$	5,128	$	10,436	$	15,564
Liabilities:
Derivative liabilities	$	—	$	70	$	70	$	—	$	74	$	74
Total	$	—	$	70	$	70	$	—	$	74	$	74