Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 25, 2015	Jul. 26, 2014
Current assets:
Cash and cash equivalents	$ 6,877	$ 6,726
Investments	53,539	45,348
Accounts receivable, net of allowance for doubtful accounts of $302 at July 25, 2015 and $265 at July 26, 2014	5,344	5,157
Inventories	1,627	1,591
Financing receivables, net	4,491	4,153
Deferred tax assets	2,915	2,808
Other current assets	1,490	1,331
Total current assets	76,283	67,114
Property and equipment, net	3,332	3,252
Financing receivables, net	3,858	3,918
Goodwill	24,469	24,239
Purchased intangible assets, net	2,376	3,280
Other assets	3,163	3,267
TOTAL ASSETS	113,481	105,070
Current liabilities:
Short-term debt	3,897	508
Accounts payable	1,104	1,032
Income taxes payable	62	159
Accrued compensation	3,049	3,181
Deferred revenue	9,824	9,478
Other current liabilities	5,687	5,451
Total current liabilities	23,623	19,809
Long-term debt	21,457	20,337
Income taxes payable	1,876	1,851
Deferred revenue	5,359	4,664
Other long-term liabilities	1,459	1,748
Total liabilities	$ 53,774	$ 48,409
Commitments and contingencies (Note 12)
Cisco shareholders’ equity:
Preferred stock, no par value: 5 shares authorized; none issued and outstanding	$ 0	$ 0
Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 5,085 and 5,107 shares issued and outstanding at July 25, 2015 and July 26, 2014, respectively	43,592	41,884
Retained earnings	16,045	14,093
Accumulated other comprehensive income	61	677
Total Cisco shareholders’ equity	59,698	56,654
Noncontrolling interests	9	7
Total equity	59,707	56,661
TOTAL LIABILITIES AND EQUITY	$ 113,481	$ 105,070