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Financing Receivables (Tables)
 12 Months Ended
Jul. 26, 2025
Receivables [Abstract]  
Financing Receivables
A summary of our financing receivables is presented as follows (in millions):
July 26, 2025Loan ReceivablesLease ReceivablesTotal
Gross$5,628 $982 $6,610 
Residual value— 66 66 
Unearned income— (99)(99)
Allowance for credit loss(37)(13)(50)
Total, net$5,591 $936 $6,527 
Reported as:
Current$2,715 $346 $3,061 
Noncurrent2,876 590 3,466 
Total, net$5,591 $936 $6,527 
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):
July 26, 2025Fiscal Year
Internal Credit Risk RatingPriorJuly 31, 2021July 30, 2022July 29, 2023July 27, 2024July 26, 2025Total
Loan Receivables:
1 to 4$2 $83 $236 $371 $1,258 $1,556 $3,506 
5 to 62 56 53 167 561 1,248 2,087 
7 and Higher— — 6 9 4 16 35 
Total Loan Receivables$4 $139 $295 $547 $1,823 $2,820 $5,628 
Lease Receivables:
1 to 4$— $9 $23 $112 $187 $207 $538 
5 to 6— 6 25 77 120 103 331 
7 and Higher— — 1 3 8 2 14 
Total Lease Receivables$— $15 $49 $192 $315 $312 $883 
Total$4 $154 $344 $739 $2,138 $3,132 $6,511 
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 July 26, 2025 and July 27, 2024 (in millions):
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
July 26, 202531 - 6061 - 90 91+Total
Past Due		CurrentTotal120+ Still AccruingNonaccrual
Financing
Receivables		Impaired
Financing
Receivables
Loan receivables$18 $18 $16 $52 $5,576 $5,628 $4 $5 $5 
Lease receivables7 3 6 16 867 883 4 1 1 
Total$25 $21 $22 $68 $6,443 $6,511 $8 $6 $6 
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 
Allowance for Credit Loss and Related Financing Receivables
The allowances for credit loss and the related financing receivables are summarized as follows (in millions):
 CREDIT LOSS ALLOWANCES
 Loan
Receivables		Lease
Receivables		Total
Allowance for credit loss as of July 27, 2024$50 $15 $65 
Provisions (benefits)(6)(3)(9)
Recoveries (write-offs), net(9)— (9)
Foreign exchange and other2 1 3 
Allowance for credit loss as of July 26, 2025$37 $13 $50 
 CREDIT LOSS ALLOWANCES
 Loan
Receivables		Lease
Receivables		Total
Allowance for credit loss as of July 29, 2023$53 $19 $72 
Provisions (benefits)1 (3)(2)
Recoveries (write-offs), net(4)(1)(5)
Allowance for credit loss as of July 27, 2024$50 $15 $65 
CREDIT LOSS ALLOWANCES
Loan
Receivables		Lease
Receivables		Total
Allowance for credit loss as of July 30, 2022$103 $23 $126 
Provisions (benefits)(7)(1)(8)
Recoveries (write-offs), net(38)(3)(41)
Foreign exchange and other(5)— (5)
Allowance for credit loss as of July 29, 2023$53 $19 $72