Financing Receivables (Tables)
|
9 Months Ended |
Apr. 25, 2026 |
|---|
| Receivables [Abstract] |
|
| Summary of Financing Receivables |
A summary of our financing receivables is presented as follows (in millions): | | | | | | | | | | | | | | | | | | | April 25, 2026 | Loan Receivables | | Lease Receivables | | Total | | Gross | $ | 5,744 | | | $ | 899 | | | $ | 6,643 | | | Residual value | — | | | 67 | | | 67 | | | Unearned income | — | | | (85) | | | (85) | | | Allowance for credit loss | (36) | | | (11) | | | (47) | | | Total, net | $ | 5,708 | | | $ | 870 | | | $ | 6,578 | | | Reported as: | | | | | | | Current | $ | 2,584 | | | $ | 352 | | | $ | 2,936 | | | Noncurrent | 3,124 | | | 518 | | | 3,642 | | | Total, net | $ | 5,708 | | | $ | 870 | | | $ | 6,578 | |
| | | | | | | | | | | | | | | | | | | July 26, 2025 | Loan Receivables | | Lease Receivables | | Total | | 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 | | | Noncurrent | 2,876 | | | 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): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | April 25, 2026 | | | Fiscal Year | | Nine Months Ended | | | | Internal Credit Risk Rating | Prior | | July 30, 2022 | | July 29, 2023 | | July 27, 2024 | | July 26, 2025 | | April 25, 2026 | | Total | | Loan Receivables: | | | | | | | | | | | | | | | 1 to 4 | $ | 7 | | | $ | 41 | | | $ | 147 | | | $ | 690 | | | $ | 1,136 | | | $ | 1,534 | | | $ | 3,555 | | | 5 to 6 | 15 | | | 12 | | | 83 | | | 231 | | | 772 | | | 1,040 | | | 2,153 | | | 7 and Higher | — | | | 2 | | | 3 | | | 11 | | | 17 | | | 3 | | | 36 | | | Total Loan Receivables | $ | 22 | | | $ | 55 | | | $ | 233 | | | $ | 932 | | | $ | 1,925 | | | $ | 2,577 | | | $ | 5,744 | | | Lease Receivables: | | | | | | | | | | | | | | | 1 to 4 | $ | — | | | $ | 5 | | | $ | 37 | | | $ | 75 | | | $ | 92 | | | $ | 53 | | | $ | 262 | | | 5 to 6 | 1 | | | 18 | | | 83 | | | 144 | | | 141 | | | 156 | | | 543 | | | 7 and Higher | — | | | 1 | | | 1 | | | 4 | | | 1 | | | 2 | | | 9 | | | Total Lease Receivables | $ | 1 | | | $ | 24 | | | $ | 121 | | | $ | 223 | | | $ | 234 | | | $ | 211 | | | $ | 814 | | | Total | $ | 23 | | | $ | 79 | | | $ | 354 | | | $ | 1,155 | | | $ | 2,159 | | | $ | 2,788 | | | $ | 6,558 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | July 26, 2025 | | | Fiscal Year | | | | Internal Credit Risk Rating | Prior | | July 31, 2021 | | July 30, 2022 | | July 29, 2023 | | July 27, 2024 | | July 26, 2025 | | Total | | Loan Receivables: | | | | | | | | | | | | | | | 1 to 4 | $ | 2 | | | $ | 83 | | | $ | 236 | | | $ | 371 | | | $ | 1,258 | | | $ | 1,556 | | | $ | 3,506 | | | 5 to 6 | 2 | | | 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 April 25, 2026 and July 26, 2025 (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED) | | | | | | | | | | | | April 25, 2026 | 31-60 | | 61-90 | | 91+ | | Total
Past Due | | Current | | Total | | 120+ Still Accruing | | Nonaccrual
Financing
Receivables | | Impaired
Financing
Receivables | | Loan receivables | $ | 42 | | | $ | 18 | | | $ | 12 | | | $ | 72 | | | $ | 5,672 | | | $ | 5,744 | | | $ | 5 | | | $ | 1 | | | $ | 1 | | | Lease receivables | 5 | | | 6 | | | 7 | | | 18 | | | 796 | | | 814 | | | 3 | | | 1 | | | 1 | | | Total | $ | 47 | | | $ | 24 | | | $ | 19 | | | $ | 90 | | | $ | 6,468 | | | $ | 6,558 | | | $ | 8 | | | $ | 2 | | | $ | 2 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | DAYS PAST DUE
(INCLUDES BILLED AND UNBILLED) | | | | | | | | | | | | July 26, 2025 | 31-60 | | 61-90 | | 91+ | | Total
Past Due | | Current | | Total | | 120+ Still Accruing | | Nonaccrual
Financing
Receivables | | Impaired
Financing
Receivables | | Loan receivables | $ | 18 | | | $ | 18 | | | $ | 16 | | | $ | 52 | | | $ | 5,576 | | | $ | 5,628 | | | $ | 4 | | | $ | 5 | | | $ | 5 | | | Lease receivables | 7 | | | 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 April 25, 2026 | CREDIT LOSS ALLOWANCES | | Loan Receivables | | Lease Receivables | | Total | | Allowance for credit loss as of January 24, 2026 | $ | 34 | | | $ | 11 | | | $ | 45 | | | Provisions (benefits) | 2 | | | (1) | | | 1 | | | Foreign exchange and other | — | | | 1 | | | 1 | | | Allowance for credit loss as of April 25, 2026 | $ | 36 | | | $ | 11 | | | $ | 47 | |
| | | | | | | | | | | | | | | | | | | Three Months Ended April 26, 2025 | CREDIT LOSS ALLOWANCES | | Loan Receivables | | Lease Receivables | | Total | | Allowance for credit loss as of January 25, 2025 | $ | 45 | | | $ | 14 | | | $ | 59 | | | Provisions (benefits) | (2) | | | (1) | | | (3) | | | | | | | | | Foreign exchange and other | 1 | | | 1 | | | 2 | | | Allowance for credit loss as of April 26, 2025 | $ | 44 | | | $ | 14 | | | $ | 58 | |
| | | | | | | | | | | | | | | | | | | Nine Months Ended April 25, 2026 | CREDIT LOSS ALLOWANCES | | Loan Receivables | | Lease Receivables | | Total | | Allowance for credit loss as of July 26, 2025 | $ | 37 | | | $ | 13 | | | $ | 50 | | | Provisions (benefits) | (1) | | | (3) | | | (4) | | | Foreign exchange and other | — | | | 1 | | | 1 | | | Allowance for credit loss as of April 25, 2026 | $ | 36 | | | $ | 11 | | | $ | 47 | |
| | | | | | | | | | | | | | | | | | | Nine Months Ended April 26, 2025 | CREDIT LOSS ALLOWANCES | | Loan Receivables | | Lease Receivables | | Total | | Allowance for credit loss as of July 27, 2024 | $ | 50 | | | $ | 15 | | | $ | 65 | | | Provisions (benefits) | (5) | | | (3) | | | (8) | | | Recoveries (write-offs), net | (3) | | | — | | | (3) | | | Foreign exchange and other | 2 | | | 2 | | | 4 | | | Allowance for credit loss as of April 26, 2025 | $ | 44 | | | $ | 14 | | | $ | 58 | |
|