Financing Receivables And Guarantees (Tables)

3 Months Ended

Oct. 27, 2012

Financing Receivables And Guarantees [Abstract]

Financing Receivables

A summary of the Company’s financing receivables is presented as follows (in millions):

October 27, 2012	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total Financing Receivables
Gross	$	3,601		$	1,816		$	2,639		$	8,056
Unearned income	(261		)	—			—			(261		)
Allowance for credit loss	(248		)	(114		)	(12		)	(374		)
Total, net	$	3,092		$	1,702		$	2,627		$	7,421
Reported as:
Current	$	1,310		$	947		$	1,469		$	3,726
Noncurrent	1,782			755			1,158			3,695
Total, net	$	3,092		$	1,702		$	2,627		$	7,421

July 28, 2012	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total Financing Receivables
Gross	$	3,429		$	1,796		$	2,651		$	7,876
Unearned income	(250		)	—			—			(250		)
Allowance for credit loss	(247		)	(122		)	(11		)	(380		)
Total, net	$	2,932		$	1,674		$	2,640		$	7,246
Reported as:
Current	1,200			968			1,493			3,661
Noncurrent	1,732			706			1,147			3,585
Total, net	$	2,932		$	1,674		$	2,640		$	7,246

Contractual Maturities Of The Gross Lease Receivables

Contractual maturities of the gross lease receivables at October 27, 2012 are summarized as follows (in millions):

Fiscal Year	Amount
2013 (remaining nine months)	$	1,199
2014	1,205
2015	732
2016	342
2017	123
Total	$	3,601

Schedule Of Internal Credit Risk Rating For Each Portfolio Segment And Class

Financing receivables categorized by the Company's internal credit risk rating as of October 27, 2012 and July 28, 2012 are summarized as follows (in millions):

	INTERNAL CREDIT RISK RATING
October 27, 2012	1 to 4		5 to 6		7 and Higher		Total		Residual Value		Gross Receivables, Net of Unearned Income
Lease receivables	$	1,602	$	1,417	$	42	$	3,061	$	279	$	3,340
Loan receivables	945		834		37		1,816		—		1,816
Financed service contracts and other	1,531		1,010		98		2,639		—		2,639
Total	$	4,078	$	3,261	$	177	$	7,516	$	279	$	7,795

	INTERNAL CREDIT RISK RATING
July 28, 2012	1 to 4		5 to 6		7 and  Higher		Total		Residual Value		Gross Receivables, Net of Unearned Income
Lease receivables	$	1,532	$	1,342	$	31	$	2,905	$	274	$	3,179
Loan receivables	831		921		44		1,796		—		1,796
Financed service contracts and other	1,552		1,030		69		2,651		—		2,651
Total	$	3,915	$	3,293	$	144	$	7,352	$	274	$	7,626

Schedule Of Financing Receivables By Portfolio Segment And Class Aging Analysis

The following tables present the aging analysis of financing receivables as of October 27, 2012 and July 28, 2012 (in millions):

	DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
October 27, 2012	31-60		61-90		91+		Total Past Due		Current		Gross Receivables, Net of Unearned Income		Non-Accrual Financing Receivables		Impaired Financing Receivables
Lease receivables	$	88	$	76	$	206	$	370	$	2,970	$	3,340	$	23	$	15
Loan receivables	6		—		23		29		1,787		1,816		6		6
Financed service contracts and other	64		130		477		671		1,968		2,639		16		7
Total	$	158	$	206	$	706	$	1,070	$	6,725	$	7,795	$	45	$	28

	DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
July 28, 2012	31-60		61-90		91+		Total Past Due		Current		Gross Receivables, Net of Unearned Income		Non-Accrual Financing Receivables		Impaired Financing Receivables
Lease receivables	$	151	$	69	$	173	$	393	$	2,786	$	3,179	$	23	$	14
Loan receivables	10		8		11		29		1,767		1,796		4		4
Financed service contracts and other	89		68		392		549		2,102		2,651		18		10
Total	$	250	$	145	$	576	$	971	$	6,655	$	7,626	$	45	$	28

Allowance For Credit Loss And Related Financing Receivables

The allowances for credit loss and the related financing receivables are summarized as follows (in millions):

	CREDIT LOSS ALLOWANCES
	Lease Receivables			Loan Receivables			Financed Service Contracts and Other		Total
Allowance for credit loss as of July 28, 2012	$	247		$	122		$	11	$	380
Provisions, net	(2		)	(10		)	1		(11		)
Foreign exchange and other	3			2			—		5
Allowance for credit loss as of October 27, 2012	$	248		$	114		$	12	$	374
Gross receivables as of October 27, 2012, net of unearned income	$	3,340		$	1,816		$	2,639	$	7,795

	CREDIT LOSS ALLOWANCES
	Lease Receivables			Loan Receivables			Financed Service Contracts and Other		Total
Allowance for credit loss as of July 30, 2011	$	237		$	103		$	27	$	367
Provisions, net	2			5			2		9
Foreign exchange and other	(6		)	(5		)	—		(11		)
Allowance for credit loss as of October 29, 2011	$	233		$	103		$	29	$	365
Gross receivables as of October 29, 2011, net of unearned income	$	2,849		$	1,468		$	2,557	$	6,874

Financing Guarantees

The aggregate amounts of financing guarantees outstanding at October 27, 2012 and July 28, 2012, representing the total maximum potential future payments under financing arrangements with third parties along with the related deferred revenue, are summarized in the following table (in millions):

	October 27, 2012			July 28, 2012
Maximum potential future payments relating to financing guarantees:
Channel partner	$	372		$	277
End user	243			232
Total	$	615		$	509
Deferred revenue associated with financing guarantees:
Channel partner	$	(221	)	$	(193	)
End user	(215		)	(200		)
Total	$	(436	)	$	(393	)
Maximum potential future payments relating to financing guarantees, net of associated deferred revenue	$	179		$	116