Leases (Tables)

3 Months Ended

Oct. 25, 2025

Leases [Abstract]

Operating Lease Balances

The following table presents our operating lease balances (in millions):

	Balance Sheet Line Item	October 25, 2025		July 26, 2025
Operating lease right-of-use assets	Other assets	$	1,303	$	1,301
Operating lease liabilities	Other current liabilities	$	403	$	375
Operating lease liabilities	Other long-term liabilities	1,145		1,175
Total operating lease liabilities		$	1,548	$	1,550

Lease Expenses and Supplemental Information

The components of our lease expenses were as follows (in millions):

	Three Months Ended
	October 25, 2025		October 26, 2024
Operating lease expense	$	131	$	114
Short-term lease expense	25		18
Variable lease expense	72		46
Total lease expense	$	228	$	178

Supplemental information related to our operating leases is as follows (in millions):

	Three Months Ended
	October 25, 2025		October 26, 2024
Cash paid for amounts included in the measurement of lease liabilities — operating cash flows	$	131	$	114
Right-of-use assets obtained in exchange for operating leases liabilities	$	123	$	127

Maturities of Operating Leases

The maturities of our operating leases (undiscounted) as of October 25, 2025 are as follows (in millions):

Fiscal Year	Amount
2026 (remaining nine months)	$	360
2027	346
2028	262
2029	209
2030	183
Thereafter	374
Total lease payments	1,734
Less: interest	(186)
Total	$	1,548

Future Minimum Lease Payments on Lease Receivables

Future minimum lease payments on our lease receivables as of October 25, 2025 are summarized as follows (in millions):

Fiscal Year	Amount
2026 (remaining nine months)	$	303
2027	346
2028	171
2029	180
2030	60
Total	1,060
Less: Present value of lease payments	(962)
Unearned income	$	98