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Financing Receivables (Tables)
 9 Months Ended
Apr. 26, 2025
Receivables [Abstract]  
Summary of Financing Receivables
A summary of our financing receivables is presented as follows (in millions):
April 26, 2025Loan ReceivablesLease ReceivablesTotal
Gross$5,276 $1,025 $6,301 
Residual value— 65 65 
Unearned income— (103)(103)
Allowance for credit loss(44)(14)(58)
Total, net$5,232 $973 $6,205 
Reported as:
Current$2,336 $622 $2,958 
Noncurrent2,896 351 3,247 
Total, net$5,232 $973 $6,205 
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):
April 26, 2025Fiscal YearNine Months Ended
Internal Credit Risk RatingPriorJuly 31, 2021July 30, 2022July 29, 2023July 27, 2024April 26, 2025Total
Loan Receivables:
1 to 4$15 $121 $251 $462 $1,310 $1,138 $3,297 
5 to 66 41 62 238 655 910 1,912 
7 and Higher1 35 8 2 9 12 67 
Total Loan Receivables$22 $197 $321 $702 $1,974 $2,060 $5,276 
Lease Receivables:
1 to 4$1 $15 $31 $141 $224 $187 $599 
5 to 61 9 28 79 116 79 312 
7 and Higher— 1 1 3 6 — 11 
Total Lease Receivables$2 $25 $60 $223 $346 $266 $922 
Total$24 $222 $381 $925 $2,320 $2,326 $6,198 
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 April 26, 2025 and July 27, 2024 (in millions):
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
April 26, 202531-6061-90 91+Total
Past Due		CurrentTotal120+ Still AccruingNonaccrual
Financing
Receivables		Impaired
Financing
Receivables
Loan receivables$30 $137 $18 $185 $5,091 $5,276 $8 $9 $9 
Lease receivables10 6 6 22 900 922 3 1 1 
Total$40 $143 $24 $207 $5,991 $6,198 $11 $10 $10 
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 April 26, 2025CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of January 25, 2025$45 $14 $59 
Provisions (benefits)(2)(1)(3)
Foreign exchange and other1 1 2 
Allowance for credit loss as of April 26, 2025$44 $14 $58 
Three Months Ended April 27, 2024CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of January 27, 2024$53 $16 $69 
Provisions (benefits)(3)— (3)
Recoveries (write-offs), net— (1)(1)
Foreign exchange and other(1)— (1)
Allowance for credit loss as of April 27, 2024$49 $15 $64 
Nine Months Ended April 26, 2025CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of July 27, 2024$50 $15 $65 
Provisions (benefits)(5)(3)(8)
Recoveries (write-offs), net(3)— (3)
Foreign exchange and other2 2 4 
Allowance for credit loss as of April 26, 2025$44 $14 $58 
Nine Months Ended April 27, 2024CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of July 29, 2023$53 $19 $72 
Provisions (benefits)1 (3)(2)
Recoveries (write-offs), net(4)(1)(5)
Foreign exchange and other(1)— (1)
Allowance for credit loss as of April 27, 2024$49 $15 $64