| Schedule of Short-Term Debt |
The following table summarizes our short-term debt (in millions, except percentages): | | | | | | | | | | | | | | | | | | | | | | | | | | April 25, 2026 | | July 26, 2025 | | | Amount | | Effective Rate | | Amount | | Effective Rate | | Current portion of senior fixed-rate notes | $ | 3,498 | | | 3.89 | % | | $ | 1,749 | | | 4.15 | % | | Commercial paper | 8,434 | | | 3.78 | % | | 3,482 | | | 4.37 | % | | Current portion of other debt | — | | | — | | | 1 | | | 1.13 | % | | Total | $ | 11,932 | | | | | $ | 5,232 | | | |
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| Schedule of Long-Term Debt |
The following table summarizes our long-term debt (in millions, except percentages): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | April 25, 2026 | | July 26, 2025 | | | Maturity Date | | Amount | | Effective Rate | | Amount | | Effective Rate | | Senior fixed-rate notes: | | | | | | | | | | | 4.90% | February 26, 2026 | | $ | — | | | — | | $ | 1,000 | | | 5.00% | | 2.95% | February 28, 2026 | | — | | | — | | 750 | | | 3.01% | | 2.50% | September 20, 2026 | | 1,500 | | | 2.55% | | 1,500 | | | 2.55% | | 4.80% | February 26, 2027 | | 2,000 | | | 4.90% | | 2,000 | | | 4.90% | | 4.55% | February 24, 2028 | | 1,000 | | | 4.61% | | 1,000 | | | 4.61% | | 4.85% | February 26, 2029 | | 2,500 | | | 4.91% | | 2,500 | | | 4.91% | | 4.75% | February 24, 2030 | | 1,000 | | | 4.73% | | 1,000 | | | 4.73% | | 4.95% | February 26, 2031 | | 2,500 | | | 5.04% | | 2,500 | | | 5.04% | | 4.95% | February 24, 2032 | | 1,000 | | | 4.94% | | 1,000 | | | 4.94% | | 5.05% | February 26, 2034 | | 2,500 | | | 4.97% | | 2,500 | | | 4.97% | | 5.10% | February 24, 2035 | | 1,250 | | | 5.11% | | 1,250 | | | 5.11% | | 5.90% | February 15, 2039 | | 2,000 | | | 6.11% | | 2,000 | | | 6.11% | | 5.50% | January 15, 2040 | | 2,000 | | | 5.67% | | 2,000 | | | 5.67% | | 5.30% | February 26, 2054 | | 2,000 | | | 5.28% | | 2,000 | | | 5.28% | | 5.50% | February 24, 2055 | | 750 | | | 5.49% | | 750 | | | 5.49% | | 5.35% | February 26, 2064 | | 1,000 | | | 5.42% | | 1,000 | | | 5.42% | | Other debt | | | 2 | | | 1.13% | | 3 | | | 1.13% | | Total | | | 23,002 | | | | | 24,753 | | | | | Unaccreted discount/issuance costs | | | (133) | | | | | (142) | | | | | Total | | | $ | 22,869 | | | | | $ | 24,611 | | | | | | | | | | | | | | | Reported as: | | | | | | | | | | | Current portion of long-term debt | | | $ | 3,498 | | | | | $ | 1,750 | | | | | Long-term debt | | | 19,371 | | | | | 22,861 | | | | | Total | | | $ | 22,869 | | | | | $ | 24,611 | | | |
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| Schedule of Future Principal Payments for Long-Term Debt |
As of April 25, 2026, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions): | | | | | | | Fiscal Year | Amount | | 2026 (remaining three months) | $ | — | | | 2027 | 3,502 | | | 2028 | 1,000 | | | 2029 | 2,500 | | | 2030 | 1,000 | | | Thereafter | 15,000 | | | Total | $ | 23,002 | |
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