Financing Receivables And Guarantees (Tables)

6 Months Ended

Jan. 26, 2013

Financing Receivables And Guarantees [Abstract]

Financing Receivables

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

January 26, 2013	Lease Receivables			Loan Receivables			Financed Service Contracts and Other			Total Financing Receivables
Gross	$	3,717		$	1,785		$	2,863		$	8,365
Unearned income	(273		)	—			—			(273		)
Allowance for credit loss	(247		)	(101		)	(13		)	(361		)
Total, net	$	3,197		$	1,684		$	2,850		$	7,731
Reported as:
Current	$	1,349		$	960		$	1,585		$	3,894
Noncurrent	1,848			724			1,265			3,837
Total, net	$	3,197		$	1,684		$	2,850		$	7,731

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 January 26, 2013 are summarized as follows (in millions):

Fiscal Year	Amount
2013 (remaining six months)	$	878
2014	1,345
2015	863
2016	437
2017	194
Total	$	3,717

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 January 26, 2013 and July 28, 2012 are summarized as follows (in millions):

	INTERNAL CREDIT RISK RATING
January 26, 2013	1 to 4		5 to 6		7 and Higher		Total		Residual Value		Gross Receivables, Net of Unearned Income
Lease receivables	$	1,607	$	1,505	$	58	$	3,170	$	274	$	3,444
Loan receivables	882		857		46		1,785		—		1,785
Financed service contracts and other	1,579		1,179		105		2,863		—		2,863
Total	$	4,068	$	3,541	$	209	$	7,818	$	274	$	8,092

	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 January 26, 2013 and July 28, 2012 (in millions):

	DAYS PAST DUE (INCLUDES BILLED AND UNBILLED)
January 26, 2013	31-60		61-90		91+		Total Past Due		Current		Gross Receivables, Net of Unearned Income		Non-Accrual Financing Receivables		Impaired Financing Receivables
Lease receivables	$	182	$	34	$	230	$	446	$	2,998	$	3,444	$	49	$	33
Loan receivables	12		3		11		26		1,759		1,785		32		32
Financed service contracts and other	305		37		251		593		2,270		2,863		21		13
Total	$	499	$	74	$	492	$	1,065	$	7,027	$	8,092	$	102	$	78

	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	(2		)	(10		)	1			(11		)
Write-offs net of recoveries	—			—			—			—
Foreign exchange and other	3			2			—			5
Allowance for credit loss as of October 27, 2012	248			114			12			374
Provisions	(1		)	(14		)	2			(13		)
Write-offs net of recoveries	—			—			—			—
Foreign exchange and other	—			1			(1		)	—
Allowance for credit loss as of January 26, 2013	$	247		$	101		$	13		$	361
Gross receivables as of January 26, 2013, net of unearned income	$	3,444		$	1,785		$	2,863		$	8,092

	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	2			5			2			9
Write-offs net of recoveries	—			—			—			—
Foreign exchange and other	(6		)	(5		)	—			(11		)
Allowance for credit loss as of October 29, 2011	233			103			29			365
Provisions	18			4			(18		)	4
Write-offs net of recoveries	—			—			—			—
Foreign exchange and other	(1		)	3			(2		)	—
Allowance for credit loss as of January 28, 2012	$	250		$	110		$	9		$	369
Gross receivables as of January 28, 2012, net of unearned income	$	3,049		$	1,673		$	2,666		$	7,388

Financing Guarantees

Financing Guarantee Summary  The aggregate amounts of financing guarantees outstanding at January 26, 2013 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):

	January 26, 2013			July 28, 2012
Maximum potential future payments relating to financing guarantees:
Channel partner	$	491		$	277
End user	254			232
Total	$	745		$	509
Deferred revenue associated with financing guarantees:
Channel partner	$	(267	)	$	(193	)
End user	(217		)	(200		)
Total	$	(484	)	$	(393	)
Maximum potential future payments relating to financing guarantees, net of associated deferred revenue	$	261		$	116