Balance Sheet Details

Balance sheet details were as follows:

Cash and cash equivalents



	As of
	January 31, 2019		October 31, 2018
	In millions
Cash and cash equivalents	$	3,781	$	4,880
Restricted cash⁽¹⁾	124		204
Cash, cash equivalents and restricted cash⁽²⁾	$	3,905	$	5,084

(1) Restricted cash was included in Other current assets in the Condensed Consolidated Balance Sheets.

(2) The beginning and ending balances of cash, cash equivalents and restricted cash were disclosed in the Condensed Consolidated Statements of Cash Flows.

Inventory



	As of
	January 31, 2019		October 31, 2018
	In millions
Finished goods	$	1,283	$	1,274
Purchased parts and fabricated assemblies	1,017		1,173
Total	$	2,300	$	2,447

For the three months ended January 31, 2019, the decrease in inventory was due primarily to slower inventory replenishment as a result of improved market supply availability for key commodities.

Property, Plant and Equipment



	As of
	January 31, 2019			October 31, 2018
	In millions
Land	$	294		$	294
Buildings and leasehold improvements	2,135			2,103
Machinery and equipment, including equipment held for lease	9,368			9,419
	11,797			11,816
Accumulated depreciation	(5,656		)	(5,678		)
Total	$	6,141		$	6,138

Notes Payable and Short-Term Borrowings



	As of
	January 31, 2019		October 31, 2018
	In millions
Current portion of long-term debt	$	1,196	$	1,196
FS commercial paper	459		392
Notes payable to banks, lines of credit and other⁽¹⁾	418		417
Total	$	2,073	$	2,005


(1)	As of January 31, 2019 and October 31, 2018, notes payable to banks, lines of credit and other includes $359 million and $361 million, respectively, of borrowing and funding-related activity associated with FS and its subsidiaries.

Warranties

The Company's aggregate product warranty liability as of January 31, 2019, and changes during the three months then ended were as follows:



	Three Months Ended January 31, 2019
	In millions
Balance at beginning of period	$	430
Accruals for warranties issued	59
Adjustments related to pre-existing warranties	(3		)
Settlements made	(74		)
Balance at end of period	$	412

Contract balances

The Company’s contract balances consist of contract assets, contract liabilities, and costs to obtain a contract with a customer.

Contract Assets

A summary of accounts receivable, net, including unbilled receivables was as follows:



	As of
	January 31, 2019			October 31, 2018
	In millions
Accounts receivable, net
Accounts receivable	$	3,023		$	3,117
Unbilled receivables	197			185
Allowance for doubtful accounts	(37		)	(39		)
Total	$	3,183		$	3,263

Contract Liabilities

Contract liabilities consist of deferred revenue. The aggregate balances of current and non-current deferred revenue were $5.8 billion as of January 31, 2019 and October 31, 2018, which included $91 million and $82 million of deferred revenue related to FS, respectively. Of the deferred revenue balance as of October 31, 2018, approximately $1.7 billion was recognized as revenue during the three months ended January 31, 2019.

Remaining Performance Obligations

Revenue allocated to remaining performance obligations represents contract work that has not yet been performed and does not include contracts where the customer is not committed. Remaining performance obligations estimates are subject to change and are affected by several factors, including contract terminations, changes in the scope of contracts, adjustments for revenue that has not materialized and adjustments for currency.

Remaining performance obligations consist of deferred revenue. As of January 31, 2019, the aggregate amount of remaining performance obligations was $5.8 billion. The Company expects to recognize approximately 46% of this amount as revenue over the remaining fiscal year.

Costs to Obtain a Contract

As of January 31, 2019, the current and non-current portions of the capitalized costs to obtain a contract were $41 million and $63 million, which were included in Other current assets and Long-term financing receivables and other assets, respectively, in the Condensed Consolidated Balance Sheet. During the three months ended January 31, 2019, the Company amortized $10 million of the capitalized costs to obtain a contract.