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Borrowings (Tables)
 12 Months Ended
Jul. 26, 2025
Debt Disclosure [Abstract]  
Schedule of Short-Term Debt
The following table summarizes our short-term debt (in millions, except percentages):
 July 26, 2025July 27, 2024
 AmountEffective RateAmountEffective Rate
Current portion of senior notes$1,749 4.15 %$488 6.66 %
Commercial paper3,482 4.37 %10,853 5.43 %
Current portion of other debt1 1.13 %— — 
Total$5,232 $11,341 
Schedule of Long-Term Debt
The following table summarizes our long-term debt (in millions, except percentages):
 July 26, 2025July 27, 2024
 Maturity DateAmountEffective RateAmountEffective Rate
Senior notes:
Fixed-rate notes:
3.50%June 15, 2025$— —$500 6.66%
4.90%February 26, 20261,000 5.00%1,000 5.00%
2.95%February 28, 2026750 3.01%750 3.01%
2.50%September 20, 20261,500 2.55%1,500 2.55%
4.80%February 26, 20272,000 4.90%2,000 4.90%
4.55%February 24, 20281,000 4.61%— —
4.85%February 26, 20292,500 4.91%2,500 4.91%
4.75%February 24, 20301,000 4.73%— —
4.95%February 26, 20312,500 5.04%2,500 5.04%
4.95%February 24, 20321,000 4.94%— —
5.05%February 26, 20342,500 4.97%2,500 4.97%
5.10%February 24, 20351,250 5.11%— —
5.90%February 15, 20392,000 6.11%2,000 6.11%
5.50%January 15, 20402,000 5.67%2,000 5.67%
5.30%February 26, 20542,000 5.28%2,000 5.28%
5.50%February 24, 2055750 5.49%— —
5.35%February 26, 20641,000 5.42%1,000 5.42%
Other debt3 1.13%3 1.13%
Total24,753 20,253 
Unaccreted discount/issuance costs(142)(133)
Hedge accounting fair value adjustments— (11)
Total$24,611 $20,109 
Reported as:
Current portion of long-term debt$1,750 $488 
Long-term debt22,861 19,621 
Total$24,611 $20,109 
Schedule of Principal Payments for Long-Term Debt
As of July 26, 2025, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions):
Fiscal YearAmount
2026$1,751 
20273,502 
20281,000 
20292,500 
20301,000 
Thereafter15,000 
Total$24,753