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Derivative Instruments (Tables)
 12 Months Ended
Jul. 26, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments by Balance Sheet Line Item
The fair values of our derivative instruments and the line items on the Consolidated Balance Sheets to which they were recorded are summarized as follows (in millions):
 DERIVATIVE ASSETSDERIVATIVE LIABILITIES
 Balance Sheet Line ItemJuly 26, 2025July 27, 2024Balance Sheet Line ItemJuly 26, 2025July 27, 2024
Derivatives designated as hedging instruments:
Foreign currency derivativesOther current assets$17 $47 Other current liabilities$2 $1 
Foreign currency derivativesOther assets10 15 Other long-term liabilities2 — 
Interest rate derivativesOther current assets— — Other current liabilities— 11 
Total27 62 4 12 
Derivatives not designated as hedging instruments:
Foreign currency derivativesOther current assets3 2 Other current liabilities17 47 
Foreign currency derivativesOther assets2 — Other long-term liabilities10 15 
Total5 2 27 62 
Total$32 $64 $31 $74 
Cumulative Basis Adjustments for Fair Value Hedges
The following amounts were recorded on the Consolidated Balance Sheets related to cumulative basis adjustments for our fair value hedges (in millions):
 CARRYING AMOUNT OF THE HEDGED ASSETS/(LIABILITIES)CUMULATIVE AMOUNT OF FAIR VALUE HEDGING ADJUSTMENT INCLUDED IN THE CARRYING AMOUNT OF THE HEDGED ASSETS/LIABILITIES
Balance Sheet Line Item of Hedged ItemJuly 26,
2025		July 27,
2024		July 26,
2025		July 27,
2024
Short-term debt$— $(488)$— $11 
Effect on Derivative Instruments Designated as Fair Value Hedges
The effect of derivative instruments designated as fair value hedges, recognized in interest and other income (loss), net is summarized as follows (in millions):
GAINS (LOSSES) FOR 
THE YEARS ENDED
July 26, 2025July 27, 2024July 29, 2023
Interest rate derivatives:
Hedged items$(11)$(30)$31 
Derivatives designated as hedging instruments11 30 (31)
Total$— $— $— 
Effect of Derivative Instruments Not Designated as Fair Value Hedges on Consolidated Statement of Operations
The effect on the Consolidated Statements of Operations of derivative instruments not designated as hedges is summarized as follows (in millions):
  GAINS (LOSSES) FOR 
THE YEARS ENDED
Derivatives Not Designated as Hedging InstrumentsLine Item in Statements of OperationsJuly 26, 2025July 27, 2024July 29, 2023
Foreign currency derivativesOther income (loss), net$102 $(162)$1 
Total return swaps—deferred compensationOperating expenses and other56 91 58 
Equity derivativesOther income (loss), net— 2 13 
Total$158 $(69)$72 
Schedule of Notional Amounts of Derivatives Outstanding
The notional amounts of our outstanding derivatives are summarized as follows (in millions):
July 26, 2025July 27, 2024
Foreign currency derivatives$8,978 $7,434 
Interest rate derivatives— 500 
Total return swaps—deferred compensation1,087 985 
Total$10,065 $8,919