Fair Value (Tables)

3 Months Ended

Oct. 25, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis were as follows (in millions):

	OCTOBER 25, 2025						JULY 26, 2025
	FAIR VALUE MEASUREMENTS						FAIR VALUE MEASUREMENTS
	Level 1		Level 2		Total Balance		Level 1		Level 2		Total Balance
Assets:
Cash equivalents:
Money market funds	$	6,082	$	—	$	6,082	$	5,885	$	—	$	5,885
Commercial paper	—		149		149		—		336		336
Corporate debt securities	—		—		—		—		1		1
Available-for-sale debt investments:
U.S. government securities	—		1,640		1,640		—		1,961		1,961
U.S. government agency securities	—		49		49		—		67		67
Non-U.S. government and agency securities	—		410		410		—		458		458
Corporate debt securities	—		2,949		2,949		—		3,090		3,090
Mortgage- and asset-backed securities	—		254		254		—		286		286
Commercial paper	—		884		884		—		950		950
Certificates of deposit	—		756		756		—		569		569
Equity investments:
Marketable equity securities	394		—		394		383		—		383
Other current assets:
Money market funds	—		—		—		563		—		563
Derivative assets	—		55		55		—		32		32
Total	$	6,476	$	7,146	$	13,622	$	6,831	$	7,750	$	14,581
Liabilities:
Derivative liabilities	$	—	$	58	$	58	$	—	$	31	$	31
Total	$	—	$	58	$	58	$	—	$	31	$	31