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Fair Value (Tables)
12 Months Ended
Jul. 26, 2025
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Assets and liabilities measured at fair value on a recurring basis were as follows (in millions):
JULY 26, 2025JULY 27, 2024
FAIR VALUE MEASUREMENTSFAIR VALUE MEASUREMENTS
Level 1Level 2Total
Balance
Level 1Level 2Total
Balance
Assets:
Cash equivalents:
Money market funds$5,885 $ $5,885 $3,334 $— $3,334 
Commercial paper 336 336 — 468 468 
Certificates of deposit   — 14 14 
Corporate debt securities 1 1 — 25 25 
Available-for-sale debt investments:
U.S. government securities 1,961 1,961 — 2,353 2,353 
U.S. government agency securities 67 67 — 221 221 
Non-U.S. government and agency securities 458 458 — 371 371 
Corporate debt securities 3,090 3,090 — 3,677 3,677 
U.S. agency mortgage-backed securities 286 286 — 1,781 1,781 
Commercial paper 950 950 — 1,023 1,023 
Certificates of deposit 569 569 — 439 439 
Equity investments:
Marketable equity securities383  383 481 — 481 
Other current assets:
Money market funds563  563 750 — 750 
Other assets:
Money market funds   563 — 563 
Derivative assets 32 32 — 64 64 
Total$6,831 $7,750 $14,581 $5,128 $10,436 $15,564 
Liabilities:
Derivative liabilities$ $31 $31 $— $74 $74 
Total$ $31 $31 $— $74 $74