Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 29, 2016	Jul. 30, 2016
Current assets:
Cash and cash equivalents	$ 8,583	$ 7,631
Investments	62,385	58,125
Accounts receivable, net of allowance for doubtful accounts of $247 at October 29, 2016 and $249 at July 30, 2016	4,805	5,847
Inventories	1,176	1,217
Financing receivables, net	4,541	4,272
Other current assets	1,651	1,627
Total current assets	83,141	78,719
Property and equipment, net	3,499	3,506
Financing receivables, net	4,784	4,158
Goodwill	26,823	26,625
Purchased intangible assets, net	2,297	2,501
Deferred tax assets	4,057	4,299
Other assets	1,686	1,844
TOTAL ASSETS	126,287	121,652
Current liabilities:
Short-term debt	4,155	4,160
Accounts payable	996	1,056
Income taxes payable	32	517
Accrued compensation	2,619	2,951
Deferred revenue	10,215	10,155
Other current liabilities	5,200	6,072
Total current liabilities	23,217	24,911
Long-term debt	30,634	24,483
Income taxes payable	883	925
Deferred revenue	6,736	6,317
Other long-term liabilities	1,404	1,431
Total liabilities	62,874	58,067
Commitments and contingencies
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; 5,024 and 5,029 shares issued and outstanding at October 29, 2016 and July 30, 2016, respectively	44,236	44,516
Retained earnings	19,694	19,396
Accumulated other comprehensive income (loss)	(524)	(326)
Total Cisco shareholders’ equity	63,406	63,586
Noncontrolling interests	7	(1)
Total equity	63,413	63,585
TOTAL LIABILITIES AND EQUITY	$ 126,287	$ 121,652

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.