Acquisitions (Tables)

12 Months Ended

Jul. 26, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Summary of Allocation of Total Purchase Consideration

Allocation of the total purchase consideration for acquisitions we completed during fiscal 2025 is summarized as follows (in millions):

Fiscal 2025	Purchase Consideration		Net Tangible Assets Acquired (Liabilities Assumed)		Purchased Intangible Assets		Goodwill
Total acquisitions	$	293	$	(21)	$	121	$	193

Allocation of the total purchase consideration for acquisitions we completed during fiscal 2024 is summarized as follows (in millions):

Fiscal 2024	Purchase Consideration		Net Tangible Assets Acquired (Liabilities Assumed)		Purchased Intangible Assets		Goodwill
Splunk	$	27,090	$	(2,761)	$	10,550	$	19,301
Other acquisitions	1,370		(47)		500		917
Total acquisitions	$	28,460	$	(2,808)	$	11,050	$	20,218

The following table summarizes the purchase consideration for the Splunk acquisition (in millions):

	Amount
Cash paid for outstanding Splunk common stock	$	26,950
Fair value of converted Splunk equity awards attributable to pre-acquisition services	137
Settlement of pre-existing relationships	3
Total purchase consideration	$	27,090

Allocation of the total purchase consideration for Splunk is presented as follows (in millions):

	Amount
Cash and cash equivalents	$	2,422
Investments	285
Accounts receivable, net	623
Goodwill	19,301
Purchased intangible assets	10,550
Deferred tax assets	1,308
Other current and noncurrent assets	1,176
Accounts payable	(39)
Accrued compensation	(337)
Current portion of deferred revenue	(1,768)
Splunk convertible notes	(3,344)
Deferred tax liabilities	(2,523)
Noncurrent portion of deferred revenue	(86)
Other current and other noncurrent liabilities	(478)
Total	$	27,090

Allocation of the total purchase consideration for acquisitions completed during fiscal 2023 is summarized as follows (in millions):

Fiscal 2023	Purchase Consideration		Net Tangible Assets Acquired (Liabilities Assumed)		Purchased Intangible Assets		Goodwill
Total acquisitions	$	315	$	(18)	$	150	$	183

Pro Forma Financial Information

The following table summarizes the pro forma financial information (in millions):

Years Ended	July 27, 2024		July 29, 2023
Total revenue	$	56,761	$	60,841
Net income	$	9,280	$	10,078

Compensation Expense Related to Business Acquisitions

The following table summarizes the compensation expense related to acquisitions (in millions):

	July 26, 2025		July 27, 2024		July 29, 2023
Compensation expense related to acquisitions	$	876	$	618	$	222