Net unsettled investment sales

  


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| July 31, 2021 | AmortizedCost |  | GrossUnrealizedGains |  | GrossUnrealized and Credit Losses |  | FairValue |
| U.S. government securities | $ | 1,773  |  |  | $ | 21  |  |  | $ | —  |  |  | $ | 1,794  |  |
| U.S. government agency securities  | 152  |  |  | —  |  |  | —  |  |  | 152  |  |
| Non-U.S. government and agency securities | 3  |  |  | —  |  |  | —  |  |  | 3  |  |
| Corporate debt securities | 8,727  |  |  | 213  |  |  | (30) |  |  | 8,910  |  |
| U.S. agency mortgage-backed securities | 2,838  |  |  | 34  |  |  | (10) |  |  | 2,862  |  |
| Commercial paper | 1,190  |  |  | —  |  |  | —  |  |  | 1,190  |  |
| Certificates of deposit | 295  |  |  | —  |  |  | —  |  |  | 295  |  |
| Total | $ | 14,978  |  |  | $ | 268  |  |  | $ | (40) |  |  | $ | 15,206  |  |

Net unsettled investment sales as of July 30, 2022 were $70 million and were included in other current assets.The following table presents the gross realized gains and gross realized losses related to available-for-sale debt investments (in millions):

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|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Years Ended | July 30, 2022 |  | July 31, 2021 |  | July 25, 2020 |
| Gross realized gains | $ | 27  |  |  | $ | 55  |  |  | $ | 70  |  |
| Gross realized losses | (18) |  |  | (2) |  |  | (28) |  |
| Total | $ | 9  |  |  | $ | 53  |  |  | $ | 42  |  |

The following tables present the breakdown of the available-for-sale debt investments with gross unrealized losses and the duration that those losses had been unrealized at July 30, 2022 and July 31, 2021 (in millions):

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
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|   | UNREALIZED LOSSESLESS THAN 12 MONTHS |  | UNREALIZED LOSSES12 MONTHS OR GREATER |  | TOTAL |
| July 30, 2022 | Fair Value |  | GrossUnrealizedLosses |  | Fair Value |  | GrossUnrealizedLosses |  | Fair Value |  | Gross Unrealized Losses |
| U.S. government securities | $ | 1,110  |  |  | $ | (44) |  |  | $ | 120  |  |  | $ | (5) |  |  | $ | 1,230  |  |  | $ | (49) |  |
| U.S. government agency securities | 114  |  |  | (2) |  |  | 24  |  |  | (2) |  |  | 138  |  |  | (4) |  |
| Non-U.S. government and agency securities | 264  |  |  | —  |  |  | —  |  |  | —  |  |  | 264  |  |  | —  |  |
| Corporate debt securities | 6,920  |  |  | (240) |  |  | 422  |  |  | (37) |  |  | 7,342  |  |  | (277) |  |
| U.S. agency mortgage-backed securities | 1,305  |  |  | (96) |  |  | 615  |  |  | (62) |  |  | 1,920  |  |  | (158) |  |
| Total | $ | 9,713  |  |  | $ | (382) |  |  | $ | 1,181  |  |  | $ | (106) |  |  | $ | 10,894  |  |  | $ | (488) |  |



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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
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|   | UNREALIZED LOSSESLESS THAN 12 MONTHS |  | UNREALIZED LOSSES12 MONTHS OR GREATER |  | TOTAL |
| July 31, 2021 | Fair Value |  | GrossUnrealizedLosses |  | Fair Value |  | GrossUnrealizedLosses |  | Fair Value |  | Gross Unrealized Losses |
| U.S. government securities | $ | 468  |  |  | $ | —  |  |  | $ | —  |  |  | $ | —  |  |  | $ | 468  |  |  | $ | —  |  |
| U.S. government agency securities | 26  |  |  | —  |  |  | —  |  |  | —  |  |  | 26  |  |  | —  |  |
| Corporate debt securities | 1,086  |  |  | (5) |  |  | 6  |  |  | —  |  |  | 1,092  |  |  | (5) |  |
| U.S. agency mortgage-backed securities | 1,293  |  |  | (10) |  |  | 13  |  |  | —  |  |  | 1,306  |  |  | (10) |  |
| Commercial paper | 37  |  |  | —  |  |  | —  |  |  | —  |  |  | 37  |  |  | —  |  |
| Total | $ | 2,910  |  |  | $ | (15) |  |  | $ | 19  |  |  | $ | —  |  |  | $ | 2,929  |  |  | $ | (15) |  |

82
