Borrowings (Tables)

12 Months Ended

Jul. 29, 2017

Debt Disclosure [Abstract]

Schedule of Short-Term Debt

The following table summarizes the Company’s short-term debt (in millions, except percentages):

	July 29, 2017				July 30, 2016
	Amount		Effective Rate		Amount		Effective Rate
Current portion of long-term debt	$	4,747	1.66	%	$	4,159	0.97	%
Commercial paper	3,245		1.16	%	—		—	%
Other notes and borrowings	—		—	%	1		2.08	%
Total short-term debt	$	7,992			$	4,160

Schedule of Long-Term Debt

The following table summarizes the Company’s long-term debt (in millions, except percentages):

			July 29, 2017				July 30, 2016
	Maturity Date		Amount			Effective Rate	Amount			Effective Rate
Senior notes:
Floating-rate notes:
Three-month LIBOR plus 0.28%	March 3, 2017	(1)	$	—		—	$	1,000		1.03%
Three-month LIBOR plus 0.60%	February 21, 2018		1,000			1.84%	1,000			1.32%
Three-month LIBOR plus 0.31%	June 15, 2018		900			1.62%	900			1.03%
Three-month LIBOR plus 0.50%	March 1, 2019		500			1.76%	500			1.23%
Three-month LIBOR plus 0.34%	September 20, 2019	(2)	500			1.66%	—			—
Fixed-rate notes:
1.10%	March 3, 2017	(1)	—			—	2,400			0.87%
3.15%	March 14, 2017	(1)	—			—	750			1.22%
1.40%	February 28, 2018		1,250			1.47%	1,250			1.47%
1.65%	June 15, 2018		1,600			1.72%	1,600			1.72%
4.95%	February 15, 2019		2,000			4.96%	2,000			4.76%
1.60%	February 28, 2019		1,000			1.67%	1,000			1.67%
2.125%	March 1, 2019		1,750			1.84%	1,750			1.08%
1.40%	September 20, 2019	(2)	1,500			1.48%	—			—
4.45%	January 15, 2020		2,500			3.84%	2,500			3.25%
2.45%	June 15, 2020		1,500			2.54%	1,500			2.54%
2.20%	February 28, 2021		2,500			2.30%	2,500			2.30%
2.90%	March 4, 2021		500			2.00%	500			1.24%
1.85%	September 20, 2021	(2)	2,000			1.90%	—			—
3.00%	June 15, 2022		500			2.26%	500			1.51%
2.60%	February 28, 2023		500			2.68%	500			2.68%
2.20%	September 20, 2023	(2)	750			2.27%	—			—
3.625%	March 4, 2024		1,000			2.12%	1,000			1.36%
3.50%	June 15, 2025		500			2.43%	500			1.67%
2.95%	February 28, 2026		750			3.01%	750			3.01%
2.50%	September 20, 2026	(2)	1,500			2.55%	—			—
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%
Total			30,500				28,400
Unaccreted discount/issuance costs			(136		)		(137		)
Hedge accounting fair value adjustments			108				379
Total			$	30,472			$	28,642
Reported as:
Current portion of long-term debt			$	4,747			$	4,159
Long-term debt			25,725				24,483
Total			$	30,472			$	28,642

⁽¹⁾ In March 2017, the Company repaid senior notes with an aggregate principal amount of $4.15 billion upon maturity.

⁽²⁾ In September 2016, the Company issued senior notes for an aggregate principal amount of $6.25 billion.

Schedule of Principal Payments for Long-Term Debt

As of July 29, 2017, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions):

Fiscal Year	Amount
2018	$	4,750
2019	5,250
2020	6,000
2021	3,000
2022	2,500
Thereafter	9,000
Total	$	30,500