Fair Value (Tables)

12 Months Ended

Jul. 25, 2015

Assets And Liabilities Measured At Fair Value On A Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of July 25, 2015 and July 26, 2014 were as follows (in millions):



	JULY 25, 2015								JULY 26, 2014
	FAIR VALUE MEASUREMENTS								FAIR VALUE MEASUREMENTS
	Level 1		Level 2		Level 3		Total Balance		Level 1		Level 2		Level 3		Total Balance
Assets:
Cash equivalents:
Money market funds	$	5,336	$	—	$	—	$	5,336	$	4,935	$	—	$	—	$	4,935
Corporate debt securities	—		14		—		14		—		—		—		—
Available-for-sale investments:
U.S. government securities	—		29,939		—		29,939		—		31,734		—		31,734
U.S. government agency securities	—		3,663		—		3,663		—		1,063		—		1,063
Non-U.S. government and agency securities	—		1,128		—		1,128		—		861		—		861
Corporate debt securities	—		15,783		—		15,783		—		9,159		—		9,159
U.S. agency mortgage-backed securities	—		1,461		—		1,461		—		579		—		579
Publicly traded equity securities	1,565		—		—		1,565		1,952		—		—		1,952
Derivative assets	—		214		4		218		—		158		2		160
Total	$	6,901	$	52,202	$	4	$	59,107	$	6,887	$	43,554	$	2	$	50,443
Liabilities:
Derivative liabilities	$	—	$	12	$	—	$	12	$	—	$	67	$	—	$	67
Total	$	—	$	12	$	—	$	12	$	—	$	67	$	—	$	67

Fair Value On A Nonrecurring Basis

The following table presents the Company’s assets that were measured at fair value on a nonrecurring basis during the indicated periods and the related recognized gains and losses for the periods indicated (in millions):



	TOTAL GAINS (LOSSES) FOR THE YEARS ENDED
	July 25, 2015			July 26, 2014			July 27, 2013
Investments in privately held companies (impaired)	$	(38	)	$	(21	)	$	(31	)
Purchased intangible assets (impaired)	(175		)	—			—
Property held for sale—land and buildings	—			—			(1		)
Gains (losses) on assets no longer held at end of fiscal year	(8		)	(2		)	75
Total gains (losses) for nonrecurring measurements	$	(221	)	$	(23	)	$	43