Consolidated Balance Sheets - USD ($) $ in Millions	Oct. 26, 2019	Jul. 27, 2019
Current assets:
Cash and cash equivalents	$ 8,587	$ 11,750
Investments	19,448	21,663
Accounts receivable, net of allowance for doubtful accounts of $136 as of each October 26, 2019 and July 27, 2019	4,878	5,491
Inventories	1,344	1,383
Financing receivables, net	5,026	5,095
Other current assets	2,433	2,373
Total current assets	41,716	47,755
Property and equipment, net	2,669	2,789
Financing receivables, net	4,831	4,958
Goodwill	33,578	33,529
Purchased intangible assets, net	2,107	2,201
Deferred tax assets	3,963	4,065
Other assets	3,628	2,496
TOTAL ASSETS	92,492	97,793
Current liabilities:
Short-term debt	4,000	10,191
Accounts payable	2,016	2,059
Income taxes payable	794	1,149
Accrued compensation	2,735	3,221
Deferred revenue	10,646	10,668
Other current liabilities	4,406	4,424
Total current liabilities	24,597	31,712
Long-term debt	14,497	14,475
Income taxes payable	8,919	8,927
Deferred revenue	7,956	7,799
Other long-term liabilities	2,100	1,309
Total liabilities	58,069	64,222
Commitments and contingencies (Note 14)
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; 4,241 and 4,250 shares issued and outstanding at October 26, 2019 and July 27, 2019, respectively	40,321	40,266
Accumulated deficit	(5,083)	(5,903)
Accumulated other comprehensive loss	(815)	(792)
Total equity	34,423	33,571
TOTAL LIABILITIES AND EQUITY	$ 92,492	$ 97,793