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Financing Receivables (Tables)
 6 Months Ended
Jan. 24, 2026
Receivables [Abstract]  
Summary of Financing Receivables
A summary of our financing receivables is presented as follows (in millions):
January 24, 2026Loan ReceivablesLease ReceivablesTotal
Gross$5,825 $887 $6,712 
Residual value— 67 67 
Unearned income— (92)(92)
Allowance for credit loss(34)(11)(45)
Total, net$5,791 $851 $6,642 
Reported as:
Current$2,634 $310 $2,944 
Noncurrent3,157 541 3,698 
Total, net$5,791 $851 $6,642 
July 26, 2025Loan ReceivablesLease ReceivablesTotal
Gross$5,628 $982 $6,610 
Residual value— 66 66 
Unearned income— (99)(99)
Allowance for credit loss(37)(13)(50)
Total, net$5,591 $936 $6,527 
Reported as:
Current$2,715 $346 $3,061 
Noncurrent2,876 590 3,466 
Total, net$5,591 $936 $6,527 
Schedule of Financing Receivables by Internal Credit Risk Rating by Period of Origination
The tables below present our gross financing receivables, excluding residual value, less unearned income, categorized by our internal credit risk rating by period of origination (in millions):
January 24, 2026Fiscal YearSix Months Ended
Internal Credit Risk RatingPriorJuly 30, 2022July 29, 2023July 27, 2024July 26, 2025January 24, 2026Total
Loan Receivables:
1 to 4$45 $112 $273 $937 $1,391 $1,116 $3,874 
5 to 622 20 89 283 862 647 1,923 
7 and Higher— 2 2 4 18 2 28 
Total Loan Receivables$67 $134 $364 $1,224 $2,271 $1,765 $5,825 
Lease Receivables:
1 to 4$2 $13 $81 $150 $176 $67 $489 
5 to 62 13 51 89 80 61 296 
7 and Higher— 1 2 6 1 — 10 
Total Lease Receivables$4 $27 $134 $245 $257 $128 $795 
Total$71 $161 $498 $1,469 $2,528 $1,893 $6,620 
July 26, 2025Fiscal Year
Internal Credit Risk RatingPriorJuly 31, 2021July 30, 2022July 29, 2023July 27, 2024July 26, 2025Total
Loan Receivables:
1 to 4$2 $83 $236 $371 $1,258 $1,556 $3,506 
5 to 62 56 53 167 561 1,248 2,087 
7 and Higher— — 6 9 4 16 35 
Total Loan Receivables$4 $139 $295 $547 $1,823 $2,820 $5,628 
Lease Receivables:
1 to 4$— $9 $23 $112 $187 $207 $538 
5 to 6— 6 25 77 120 103 331 
7 and Higher— — 1 3 8 2 14 
Total Lease Receivables$— $15 $49 $192 $315 $312 $883 
Total$4 $154 $344 $739 $2,138 $3,132 $6,511 
Schedule of Aging Analysis of Financing Receivables
The following tables present the aging analysis of gross receivables as of January 24, 2026 and July 26, 2025 (in millions):
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
January 24, 202631-6061-90 91+Total
Past Due		CurrentTotal120+ Still AccruingNonaccrual
Financing
Receivables		Impaired
Financing
Receivables
Loan receivables$31 $18 $53 $102 $5,723 $5,825 $4 $1 $1 
Lease receivables13 8 6 27 768 795 5 1 1 
Total$44 $26 $59 $129 $6,491 $6,620 $9 $2 $2 
DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED)
July 26, 202531-6061-90 91+Total
Past Due		CurrentTotal120+ Still AccruingNonaccrual
Financing
Receivables		Impaired
Financing
Receivables
Loan receivables$18 $18 $16 $52 $5,576 $5,628 $4 $5 $5 
Lease receivables7 3 6 16 867 883 4 1 1 
Total$25 $21 $22 $68 $6,443 $6,511 $8 $6 $6 
Schedule of Allowance for Credit Loss and Related Financing Receivables
The allowances for credit loss and the related financing receivables are summarized as follows (in millions):
Three Months Ended January 24, 2026CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of October 25, 2025$37 $14 $51 
Provisions (benefits)(3)(3)(6)
Allowance for credit loss as of January 24, 2026$34 $11 $45 
Three Months Ended January 25, 2025CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of October 26, 2024$49 $15 $64 
Provisions (benefits)(2)(2)(4)
Recoveries (write-offs), net(3)— (3)
Foreign exchange and other1 1 2 
Allowance for credit loss as of January 25, 2025$45 $14 $59 
Six Months Ended January 24, 2026CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of July 26, 2025$37 $13 $50 
Provisions (benefits)(3)(2)(5)
Allowance for credit loss as of January 24, 2026$34 $11 $45 
Six Months Ended January 25, 2025CREDIT LOSS ALLOWANCES
Loan ReceivablesLease ReceivablesTotal
Allowance for credit loss as of July 27, 2024$50 $15 $65 
Provisions (benefits)(3)(2)(5)
Recoveries (write-offs), net(3)— (3)
Foreign exchange and other1 1 2 
Allowance for credit loss as of January 25, 2025$45 $14 $59