The components of AOCI, net of tax, and the other comprehensive income (loss) are summarized as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Net Unrealized Gains (Losses) on Available-for-Sale Investments | | Net Unrealized Gains (Losses) Cash Flow Hedging Instruments | | Cumulative Translation Adjustment and Actuarial Gains (Losses) | | Accumulated Other Comprehensive Income (Loss) | | BALANCE AT JULY 29, 2023 | $ | (440) | | | $ | 18 | | | $ | (1,153) | | | $ | (1,575) | | | Other comprehensive income (loss) before reclassifications | 193 | | | 128 | | | (115) | | | 206 | | | (Gains) losses reclassified out of AOCI | 67 | | | (49) | | | (2) | | | 16 | | | Tax benefit (expense) | (61) | | | (18) | | | 2 | | | (77) | | | BALANCE AT JULY 27, 2024 | (241) | | | 79 | | | (1,268) | | | (1,430) | | | Other comprehensive income (loss) before reclassifications | 152 | | | 29 | | | 304 | | | 485 | | | (Gains) losses reclassified out of AOCI | 100 | | | (47) | | | — | | | 53 | | | Tax benefit (expense) | (68) | | | 4 | | | 2 | | | (62) | | | BALANCE AT JULY 26, 2025 | (57) | | | 65 | | | (962) | | | (954) | | | Other comprehensive income (loss) before reclassifications | 12 | | | 104 | | | (71) | | | 45 | | | (Gains) losses reclassified out of AOCI | 14 | | | (41) | | | 1 | | | (26) | | | Tax benefit (expense) | — | | | (15) | | | (6) | | | (21) | | | BALANCE AT JULY 25, 2026 | $ | (31) | | | $ | 113 | | | $ | (1,038) | | | $ | (956) | |
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