Employee Benefit Plans (Tables)

12 Months Ended

Jul. 28, 2012

Summary Of Share-Based Compensation Expense

The following table summarizes share-based compensation expense (in millions):

Years Ended	July 28, 2012		July 30, 2011		July 31, 2010
Cost of sales—product	$	53	$	61	$	57
Cost of sales—service		156		177		164
Share-based compensation expense in cost of sales		209		238		221
Research and development		401		481		450
Sales and marketing		588		651		602
General and administrative		203		250		244
Share-based compensation expense in operating expenses		1,192		1,382		1,296
Total share-based compensation expense	$	1,401	$	1,620	$	1,517

Summary Of Share-Based Awards Available For Grant

A summary of share-based awards available for grant is as follows (in millions):

Years Ended	July 28, 2012			July 30, 2011			July 31, 2010
Balance at beginning of fiscal year		255			295			253
Options granted		—			—			(4	)
Restricted stock, stock units, and other share-based awards granted		(95	)		(82	)		(81	)
Share-based awards canceled/forfeited/expired		64			42			123
Other		(6	)		—			4
Balance at end of fiscal year		218			255			295

Summary Of Restricted Stock And Stock Unit Activity

A summary of the restricted stock and stock unit activity, which includes time-based and performance-based or market-based restricted stock, is as follows (in millions, except per-share amounts):

	Restricted Stock/ Stock Units			Weighted-Average Grant Date  Fair Value per Share		Aggregated Fair Market  Value
BALANCE AT JULY 25, 2009		62		$	21.25
Granted and assumed		54			23.40
Vested		(16	)		21.56	$	378
Canceled/forfeited		(3	)		22.40
BALANCE AT JULY 31, 2010		97			22.35
Granted and assumed		56			20.62
Vested		(27	)		22.54	$	529
Canceled/forfeited		(10	)		22.04
BALANCE AT JULY 30, 2011		116			21.50
Granted and assumed		65			17.45
Vested		(35	)		21.94	$	580
Canceled/forfeited		(18	)		20.38
BALANCE AT JULY 28, 2012		128		$	19.46

Summary Of Stock Option Activity

A summary of the stock option activity is as follows (in millions, except per-share amounts):

	STOCK OPTIONS OUTSTANDING
	Number Outstanding			Weighted-Average Exercise Price  per Share
BALANCE AT JULY 25, 2009		1,004		$	24.29
Granted and assumed		15			13.23
Exercised		(158	)		17.88
Canceled/forfeited/expired		(129	)		47.31
BALANCE AT JULY 31, 2010		732			21.39
Exercised		(80	)		16.55
Canceled/forfeited/expired		(31	)		25.91
BALANCE AT JULY 30, 2011		621			21.79
Assumed from acquisitions		1			2.08
Exercised		(66	)		13.51
Canceled/forfeited/expired		(36	)		23.40
BALANCE AT JULY 28, 2012		520		$	22.68

Summary Of Significant Ranges Of Outstanding And Exercisable Stock Options

The following table summarizes significant ranges of outstanding and exercisable stock options as of July 28, 2012 (in millions, except years and share prices):

	STOCK OPTIONS OUTSTANDING								STOCK OPTIONS EXERCISABLE
Range of Exercise Prices	Number Outstanding		Weighted- Average Remaining Contractual Life (in Years)		Weighted- Average Exercise Price per Share		Aggregate Intrinsic Value		Number Exercisable		Weighted- Average Exercise Price per Share		Aggregate Intrinsic Value
$   0.01 – 15.00		10		4.10	$	6.95	$	92		9	$	7.18	$	82
15.01 – 18.00		83		2.12		17.79		—		83		17.79		—
18.01 – 20.00		150		0.93		19.31		—		150		19.31		—
20.01 – 25.00		143		2.87		22.75		—		141		22.76		—
25.01 – 35.00		134		4.08		30.64		—		129		30.67		—
Total		520		2.53	$	22.68	$	92		512	$	22.65	$	82

Summary Of Valuation Assumptions Of Time-Based Restricted Stock Units

The valuation of time-based RSU’s and the underlying assumptions being used are summarized as follows:

	RESTRICTED STOCK UNITS
Years Ended	July 28, 2012			July 30, 2011
Number of shares granted (in millions)		62			54
Weighted-average assumptions/inputs:
Grant date fair value per share	$	17.26		$	20.59
Expected dividend		1.5	%		0.3	%

Employee Stock Purchase Rights

Summary Assumptions Related To And Valuation Of Employee Share-Based Awards

The valuation of employee stock purchase rights and the underlying assumptions being used are summarized as follows:

	EMPLOYEE STOCK PURCHASE RIGHTS
Years Ended	July 28, 2012			July 30, 2011			July 31, 2010
Weighted-average assumptions:
Expected volatility		27.2	%		35.1	%		34.8	%
Risk-free interest rate		0.2	%		0.9	%		0.4	%
Expected dividend		1.5	%		0.0	%		0.0	%
Expected life (in years)		0.8			1.8			0.8
Weighted-average estimated grant date fair value per share	$	3.81		$	6.31		$	5.03

Employee Stock Option

Summary Assumptions Related To And Valuation Of Employee Share-Based Awards

The valuation of employee stock options and the underlying assumptions being used are summarized as follows:

Year Ended	July 31, 2010
Weighted-average assumptions:
Expected volatility		30.5	%
Risk-free interest rate		2.3	%
Expected dividend		0.0	%
Kurtosis		4.1
Skewness		0.20
Weighted-average expected life (in years)		5.1
Weighted-average estimated grant date fair value per option	$	6.50