Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 24, 2015	Jul. 25, 2015
Current assets:
Cash and cash equivalents	$ 5,758	$ 6,877
Investments	53,349	53,539
Accounts receivable, net of allowance for doubtful accounts of $300 at October 24, 2015 and $302 at July 25, 2015	4,712	5,344
Inventories	1,482	1,627
Financing receivables, net	4,506	4,491
Deferred tax assets	2,706	2,915
Other current assets	1,433	1,490
Total current assets	73,946	76,283
Property and equipment, net	3,346	3,332
Financing receivables, net	4,037	3,858
Goodwill	24,882	24,469
Purchased intangible assets, net	2,292	2,376
Other assets	3,270	3,163
TOTAL ASSETS	111,773	113,481
Current liabilities:
Short-term debt	3,027	3,897
Accounts payable	1,119	1,104
Income taxes payable	122	62
Accrued compensation	2,611	3,049
Deferred revenue	9,821	9,824
Other current liabilities	5,400	5,687
Total current liabilities	22,100	23,623
Long-term debt	21,594	21,457
Income taxes payable	1,490	1,876
Deferred revenue	5,341	5,359
Other long-term liabilities	1,263	1,459
Total liabilities	$ 51,788	$ 53,774
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; 5,082 and 5,085 shares issued and outstanding at October 24, 2015 and July 25, 2015, respectively	43,643	43,592
Retained earnings	16,586	16,045
Accumulated other comprehensive income (loss)	(252)	61
Total Cisco shareholders’ equity	59,977	59,698
Noncontrolling interests	8	9
Total equity	59,985	59,707
TOTAL LIABILITIES AND EQUITY	$ 111,773	$ 113,481