The following tables provide details of selected balance sheet items (in millions):



	January 26, 2013			July 28, 2012
Inventories:
Raw materials	$	113		$	127
Work in process	24			35
Finished goods:
Distributor inventory and deferred cost of sales	648			630
Manufactured finished goods	498			597
Total finished goods	1,146			1,227
Service-related spares	248			213
Demonstration systems	43			61

Total	$	1,574		$	1,663

Property and equipment, net:
Land, buildings, and building and leasehold improvements	$	4,491		$	4,363
Computer equipment and related software	1,455			1,469
Production, engineering, and other equipment	5,642			5,364
Operating lease assets ⁽¹⁾	304			300
Furniture and fixtures	493			487
	12,385			11,983
Less accumulated depreciation and amortization ⁽¹⁾	(8,982		)	(8,581		)
Total	$	3,403		$	3,402

⁽¹⁾ Accumulated depreciation related to operating lease assets was $186 and $181 as of January 26, 2013 and July 28, 2012, respectively.

Other assets:
Deferred tax assets	$	1,807		$	2,270
Investments in privately held companies	869			858
Other	834			754
Total	$	3,510		$	3,882

Deferred revenue:
Service	$	9,055		$	9,173
Product:
Unrecognized revenue on product shipments and other deferred revenue	3,309			2,975
Cash receipts related to unrecognized revenue from two-tier distributors	957			732
Total product deferred revenue	4,266			3,707
Total	$	13,321		$	12,880
Reported as:
Current	$	9,108		$	8,852
Noncurrent	4,213			4,028
Total	$	13,321		$	12,880