v3.26.1
Leases (Tables)
9 Months Ended
Apr. 25, 2026
Leases [Abstract]  
Operating Lease Balances
The following table presents our operating lease balances (in millions):
Balance Sheet Line ItemApril 25, 2026July 26, 2025
Operating lease right-of-use assetsOther assets$1,450 $1,301 
Operating lease liabilitiesOther current liabilities$410 $375 
Operating lease liabilitiesOther long-term liabilities1,288 1,175 
Total operating lease liabilities$1,698 $1,550 
Lease Expenses and Supplemental Information
The components of our lease expenses were as follows (in millions):
Three Months EndedNine Months Ended
April 25, 2026April 26, 2025April 25, 2026April 26, 2025
Operating lease expense$134 $115 $397 $378 
Short-term lease expense26 18 77 52 
Variable lease expense80 47 229 140 
Total lease expense$240 $180 $703 $570 
Supplemental information related to our operating leases is as follows (in millions):
Nine Months Ended
April 25, 2026April 26, 2025
Cash paid for amounts included in the measurement of lease liabilities —
operating cash flows
$392 $345 
Right-of-use assets obtained in exchange for operating leases liabilities$510 $483 
Maturities of Operating Leases
The maturities of our operating leases (undiscounted) as of April 25, 2026 are as follows (in millions):
Fiscal YearAmount
2026 (remaining three months)$146 
2027426 
2028315 
2029251 
2030212 
Thereafter583 
Total lease payments1,933 
Less: interest(235)
Total$1,698 
Future Minimum Lease Payments on Lease Receivables
Future minimum lease payments on our lease receivables as of April 25, 2026 are summarized as follows (in millions):
Fiscal YearAmount
2026 (remaining three months)$105 
2027397 
2028114 
2029143 
2030140 
Total899 
Less: Present value of lease payments(814)
Unearned income$85