Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 30, 2016	Jul. 25, 2015
Current assets:
Cash and cash equivalents	$ 8,895	$ 6,877
Investments	54,617	53,539
Accounts receivable, net of allowance for doubtful accounts of $244 at April 30, 2016 and $302 at July 25, 2015	4,047	5,344
Inventories	1,343	1,627
Financing receivables, net	4,716	4,491
Deferred tax assets	2,723	2,915
Other current assets	2,230	1,490
Total current assets	78,571	76,283
Property and equipment, net	3,529	3,332
Financing receivables, net	3,900	3,858
Goodwill	26,762	24,469
Purchased intangible assets, net	2,744	2,376
Other assets	3,148	3,163
TOTAL ASSETS	118,654	113,481
Current liabilities:
Short-term debt	4,164	3,897
Accounts payable	1,007	1,104
Income taxes payable	152	62
Accrued compensation	2,745	3,049
Deferred revenue	9,662	9,824
Other current liabilities	6,273	5,687
Total current liabilities	24,003	23,623
Long-term debt	24,431	21,457
Income taxes payable	891	1,876
Deferred revenue	5,610	5,359
Other long-term liabilities	1,361	1,459
Total liabilities	$ 56,296	$ 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; 5,034 and 5,085 shares issued and outstanding at April 30, 2016 and July 25, 2015, respectively	44,137	43,592
Retained earnings	18,448	16,045
Accumulated other comprehensive income (loss)	(227)	61
Total Cisco shareholders’ equity	62,358	59,698
Noncontrolling interests	0	9
Total equity	62,358	59,707
TOTAL LIABILITIES AND EQUITY	$ 118,654	$ 113,481