Borrowings (Tables)

9 Months Ended

Apr. 26, 2025

Debt Disclosure [Abstract]

Schedule of Short-Term Debt

The following table summarizes our short-term debt (in millions, except percentages):

	April 26, 2025				July 27, 2024
	Amount		Effective Rate		Amount		Effective Rate
Current portion of senior notes	$	2,247	4.48	%	$	488	6.66	%
Commercial paper	4,174		4.49	%	10,853		5.43	%
Current portion of other debt	1		1.13	%	—		—
Total	$	6,422			$	11,341

Schedule of Long-Term Debt

The following table summarizes our long-term debt (in millions, except percentages):

		April 26, 2025			July 27, 2024
	Maturity Date	Amount		Effective Rate	Amount		Effective Rate
Senior notes:
Fixed-rate notes:
3.50%	June 15, 2025	$	500	5.67%	$	500	6.66%
4.90%	February 26, 2026	1,000		5.00%	1,000		5.00%
2.95%	February 28, 2026	750		3.01%	750		3.01%
2.50%	September 20, 2026	1,500		2.55%	1,500		2.55%
4.80%	February 26, 2027	2,000		4.90%	2,000		4.90%
4.55%	February 24, 2028	1,000		4.61%	—		—
4.85%	February 26, 2029	2,500		4.91%	2,500		4.91%
4.75%	February 24, 2030	1,000		4.73%	—		—
4.95%	February 26, 2031	2,500		5.04%	2,500		5.04%
4.95%	February 24, 2032	1,000		4.94%	—		—
5.05%	February 26, 2034	2,500		4.97%	2,500		4.97%
5.10%	February 24, 2035	1,250		5.11%	—		—
5.90%	February 15, 2039	2,000		6.11%	2,000		6.11%
5.50%	January 15, 2040	2,000		5.67%	2,000		5.67%
5.30%	February 26, 2054	2,000		5.28%	2,000		5.28%
5.50%	February 24, 2055	750		5.49%	—		—
5.35%	February 26, 2064	1,000		5.42%	1,000		5.42%
Other debt		3		1.13%	3		1.13%
Total		25,253			20,253
Unaccreted discount/issuance costs		(146)			(133)
Hedge accounting fair value adjustments		(2)			(11)
Total		$	25,105		$	20,109
Reported as:
Current portion of long-term debt		$	2,248		$	488
Long-term debt		22,857			19,621
Total		$	25,105		$	20,109

Schedule of Future Principal Payments for Long-Term Debt

As of April 26, 2025, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions):

Fiscal Year	Amount
2025 (remaining three months)	$	500
2026	1,751
2027	3,502
2028	1,000
2029	2,500
Thereafter	16,000
Total	$	25,253