Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 25, 2020	Jul. 27, 2019
Current assets:
Cash and cash equivalents	$ 10,366	$ 11,750
Investments	18,208	21,663
Accounts receivable, net of allowance for doubtful accounts of $130 at April 25, 2020 and $136 at July 27, 2019	4,569	5,491
Inventories	1,212	1,383
Financing receivables, net	4,703	5,095
Other current assets	2,249	2,373
Total current assets	41,307	47,755
Property and equipment, net	2,535	2,789
Financing receivables, net	4,770	4,958
Goodwill	33,453	33,529
Purchased intangible assets, net	1,744	2,201
Deferred tax assets	3,909	4,065
Other assets	3,676	2,496
TOTAL ASSETS	91,394	97,793
Current liabilities:
Short-term debt	4,506	10,191
Accounts payable	2,393	2,059
Income taxes payable	1,047	1,149
Accrued compensation	2,940	3,221
Deferred revenue	10,710	10,668
Other current liabilities	4,341	4,424
Total current liabilities	25,937	31,712
Long-term debt	11,578	14,475
Income taxes payable	8,285	8,927
Deferred revenue	7,938	7,799
Other long-term liabilities	1,948	1,309
Total liabilities	55,686	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; 4,220 and 4,250 shares issued and outstanding at April 25, 2020 and July 27, 2019, respectively	40,691	40,266
Accumulated deficit	(3,874)	(5,903)
Accumulated other comprehensive loss	(1,109)	(792)
Total equity	35,708	33,571
TOTAL LIABILITIES AND EQUITY	$ 91,394	$ 97,793